Newsmakers
CalSTRS Seeks to Join Lawsuit to Reform Facebook Governance
Pension fund says litigation will allow it to ‘protect Facebook’s profitability.’
Tag: Pension
Corporate Moves
California Gov. Puts Lendistry CIO on CalPERS Board
Stacie Olivares-Castain’s background is on impact investments, blockchain, and advisory services.
Newsmakers
GPIF CIO: Global Synchronicity is Killing Diversification
CIO of world’s largest fund says no place for investors to hide in downturn.
Newsmakers
Turkish Army Pension Fund Unit to Buy British Steel
However, fund was recently accused of corruption by Turkish parliament.
Regulation
Walgreens Sued for $300 Million over Alleged 401(k) Mismanagement
Suit says poorly performing funds were ‘devastating’ to retirement accounts.
CalPERS Introduces New Trust Portfolio to Ease Employers’ Woes
State delivers a unique avenue for employers to mitigate contribution volatility.
Newsmakers
Ontario Teachers’ Next Key Markets: Asia, Europe, and Infrastructure
CEO Ron Mock discusses plans to potentially triple Asian headcount and push $8 billion into infrastructure.
CalPERS Heads Toward Restructuring Investment Committee
Board’s governance committee gave first approval Tuesday night to a plan that reduces the size of the investment committee and the number of meetings.
Risk
CPP Fund Returns 1.1% in Q1 of Fiscal 2020
Canadian pension giant earned three- and five-year annualized returns of 10.5%.
US Corporate DB Pension Funding Falls $11 Billion in July
Funded rate of 100 largest DB corporate plans drops to 87.9% during month.
CIO’s LDI Survey Now Open
Survey tracks liability driven investment practices and vendor experience/capabilities.
Major Restructuring of CalPERS Investment Committee Could Become a Reality
A plan would reduce investment committee members and the number of meetings. It is being objected to by at least one board member.
Newsmakers
Exclusive: New Mexico ERB CIO Jacksha Is Worried About the Trade War
The $13.3 billion fund’s chief has very large portion of the portfolio in alts, as a buffer against bad times.
UK DB Plans’ Deficit Widens to £90.7 billion in July
Funding level falls to 95% from 97%.
Risk
Texas Pension Returns Nearly 10% in First Half of 2019
Investment portfolio gains 3.2% in Q2 to reach $31.9 billion in assets.