CalPERS Picks Local Real Estate Manager
New developer announced a week after the fund terminated the previous developer’s contract.
Tag: Pension
Risk
Texas Teachers System Returns 6.4%, Misses Benchmark
Global equities spur 3.2% return for second quarter.
Newsmakers
600-Plus Companies Adopt NYC Pensions’ ‘Proxy Access’ Agenda
Comptroller Stringer’s push for major shareholders to change board structure, climate change views, is paying off.
Risk
China Investment Corp. Sees Flat Results
Rough year brought on by wild global swings and higher volatility, says CEO.
Newsmakers
Hackers Steal $4.2 Million from Oklahoma Police Pension
FBI launches investigation into cyberattack; pension claims it’s ‘certain the stolen funds will be recovered.’
Asset Allocation
Washington State Investment Board Commits Up to $1 Billion to Private Markets
Private markets now make up around 40% of the pension plan’s assets under management.
Risk
California Pensions Could Be Mandated to Divest from Turkish Assets over WWI Atrocities
Legislation condemning Turkey for its failure to recognize the Armenian Genocide would result in California divestments.
FCA Says No Deal Brexit Impact ‘Less Severe’
Regulator credits ongoing preparations for mitigating Brexit risks to UK businesses.
Risk
University of California Endowment, Pension to Divest All Fossil Fuels
CIO and investments chairman say faculty, student protests did not push the decision.
UK Pensioners Commit to Determine Investments’ Impact on Climate Before Executing Deals
High-profile signatories across the UK pledge to find effective means to decarbonize their investment pipelines and portfolios.
Newsmakers
Japan GPIF’s ESG Portfolio Outperforms Market
Fund reports that four out of five ESG investments outperformed their benchmarks.
Congressional Budget Office Finds Multiemployer Pension Rescue Bill is Not Enough
Legislation designed and intended to cure insolvency troubles for several different multiemployer pension plans is under scrutiny
Research
Swiss Investors Are Ditching Traditional Investments, Moving to Alts
Study concludes that portfolio managers are cutting costs due in part to low interest rates.
Automatic Enrollment Can Lead to More Fees
Report finds auto-enrollment means multiple pensions, which leads to more fees.
NEST Picks Private Market Managers
UK’s $9.9 billion DC plan expects first capital to deploy in October as it prepares to enter unlisted markets.