Tag: Pension Fund
New York Common Signs Political Disclosure Agreements With 7 Firms
State Comptroller Thomas DiNapoli warns that firms ‘that engage in political spending risk damaging their reputations.’
Ryanair Settles Lawsuit With Alabama Pension Fund
The airline agreed to pay $5 million to the Birmingham fire and police pension fund but denied any wrongdoing.
Danish Pension Fund P+ Names New Managing Director
CIO Kåre Hahn Michelsen has been promoted to succeed Søren Kolbye Sørensen as head of the $21.5 billion fund.
Norway Pension Board Puts Indonesian Firm Under Observation
Indonesia’s largest cement producer allegedly presents a risk of damage to prehistoric cultural heritage sites.
NYC Teamsters Pension Sues Disney Over Streaming Service Losses
Lawsuit alleges hiding cost overruns at Disney+ was a ‘motivating factor’ behind the media giant’s 2020 reorganization.
Ohio STRS Board Approves 1% Cost-of-Living Adjustment
The teachers’ pension fund also delays increasing the minimum years of service to be eligible for retirement benefits.
CalPERS Seeks Investment Director
The pension giant is hiring a search firm to find candidates for the job, which pays up to $392,000 a year.
Kraft Heinz Agrees to Settle Class Action Securities Lawsuit for $450 Million
Swedish pension fund AP7 was among the plaintiffs who alleged Kraft Heinz misled investors regarding a $15.4 billion goodwill charge.
Yorkshire and Clydesdale Bank Pension Signs $2 Billion PRT Deal
The pension fund’s longevity swap agreement covers £1.6 billion in liabilities.
CalSTRS Targets Carbon Emitters, Board Diversity This Proxy Season
The pension giant announces it will vote against the biggest polluters and all boards that have no women members.
Canadian Pension IMCO Loses 8.1% in 2022
The pension fund’s C$69.1 billion portfolio was weighed down by fixed-income and public equity investments.
Norway Pension Giant Seeks To Remove ‘Rotten Apples’ From Portfolio
CEO Nicolai Tangen acknowledged that Norges Bank Investment Management ‘lost a considerable sum’ from the Silicon Valley Bank failure.
Global Pension Funds Fall Short of Private Equity Targets in Q1
CalPERS had the largest under-allocation, missing its target by more than $11.3 billion.
Finnish Pension Fund Invests More Than $2 Billion in Climate-Focused ETF
Ilmarinen investment helps make the ETF launch the largest in U.S. history.