The exercise aims to increase understanding of banks’ and other financial institutions’ behavior in stressed market conditions.
State Comptroller Thomas DiNapoli warns that firms ‘that engage in political spending risk damaging their reputations.’
The airline agreed to pay $5 million to the Birmingham fire and police pension fund but denied any wrongdoing.
CIO Kåre Hahn Michelsen has been promoted to succeed Søren Kolbye Sørensen as head of the $21.5 billion fund.
Indonesia’s largest cement producer allegedly presents a risk of damage to prehistoric cultural heritage sites.
Lawsuit alleges hiding cost overruns at Disney+ was a ‘motivating factor’ behind the media giant’s 2020 reorganization.
The teachers’ pension fund also delays increasing the minimum years of service to be eligible for retirement benefits.
The pension giant is hiring a search firm to find candidates for the job, which pays up to $392,000 a year.
Swedish pension fund AP7 was among the plaintiffs who alleged Kraft Heinz misled investors regarding a $15.4 billion goodwill charge.
The Pensions Regulator and the Financial Conduct Authority aim to prepare LDI investors for future volatility.
The pension fund’s longevity swap agreement covers £1.6 billion in liabilities.
The pension giant announces it will vote against the biggest polluters and all boards that have no women members.
The pension fund’s C$69.1 billion portfolio was weighed down by fixed-income and public equity investments.
CEO Nicolai Tangen acknowledged that Norges Bank Investment Management ‘lost a considerable sum’ from the Silicon Valley Bank failure.