CalSTRS CIO Proposes Rebranding Corporate Governance Unit
Chris Ailman calls for new name that better reflects ESG focus.
Tag: Pension
Regulation
A Bipartisan Plan to Revamp Oregon’s Pension System
Dem backing a Republican bill improves its chances in a blue legislature.
More Corporate DB Plans Want to Dump Liabilities ASAP
Many businesses are looking to unload all retirement assets within five years, MetLife survey shows.
100 Largest Funds Cutting Assumptions
Funding levels improving, but market volatility left some scars.
Newsmakers
New York Pensions Settle Environmental Activism Lawsuit Against Aerospace Company
Multi-billion-dollar company argues greenhouse gas proposals go against its ‘ordinary business.’
Risk
How Dallas Police and Fire Plans to Revitalize Its Portfolio
New CIO Kent Custer describes his team’s approach to transform the pension’s growth engine.
CalSTRS Wants to Double Co-Investments
Co-investments only make up around 5% of the CalSTRS private equity portfolio but additional investments may help build up the overall private equity program.
Alternatives
Los Angeles Fire and Police Pension Evaluates Potential Real Estate Direct Investment Platform
Feasibility studies begin on the rare investment strategy.
Risk
Hawaii State Pension Unfunded Liability Rises to Record $13.4 Billion
Actuary forecasts it will take 25 years for retirement system to become fully funded.
Newsmakers
CalPERS CIO Meng Says Pension Plan Must Expand Private Equity
Ben Meng says it’s essential for the plan to build a new private equity organization to meet return projections.
Newsmakers
CalPERS Former No. 2 Investment Official Hires Employment Lawyer After Resigning
Elisabeth Bourqui hires lawyer who represents workers in their disputes with employers, including wrongful termination cases.
How Long Do Retired Public Employees Live?
Actuarial study focuses on mortality rates for teachers, safety professionals, and general employees.
Risk
Another Swedish Pension Fund Makes Huge ESG-Focused Divestment
Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund.
Newsmakers
New CalPERS CIO Orders Full Review of Investment Activities
Ben Meng wants to see how the largest US pension plan can use its advantages to maximize returns.
Newsmakers
New California Governor Aims to Cut CalPERS, CalSTRS Debt
Gavin Newsom’s plan for the two largest US pension plans allocates more than $7 billion to reduce their unfunded liability and help California school districts with their contributions to pension costs.