Exclusive: San Francisco Pension System Approves Divestment of Five Fossil Fuel Companies
Stock of Hess Corp. will be divested along with other energy companies if they don’t justify oil and gas reserves and stop denying climate change.
Tag: Pension
Newsmakers
Italy’s Pension Head: Early Retirement Age Idea Would Be a Costly Mess
Although the measure seeks to open up the job market to younger generations, Tito Boeri says it could increase their pension debt by ‘about 100 billion euros.’
Risk
New Hampshire Retirement System Grows to $8.87 Billion
Fund has beaten up to 90% of its peers over the past quarter-century.
Fresno County Pension Fund, Royal Bank of Canada Partner for Impact Investment Venture
Deal aims to aid California county’s fixed income investments and help local businesses with government lenders.
UK DB Pensions Increase to 97.7% Funded
Aggregate deficit of nearly 5,600 plans plunges more than 65% in August.
Corporate Moves
Karianne Bail-Lancee Leaving Unilever for UBS
The firm’s former senior pensions and sustainability manager looks forward to the chance to enhance her “'personal impact' toward sustainable development."
Corporate Moves
South Korea Pension Fund Names New CIO
Ahn Hyo-joon, 55, will lead the investment strategy of the world’s third-largest pension fund.
CDPQ and Al Gore Firm Unite for ESG Investments
Partnership acquires majority stake in fintech firm FNZ in first investment deal.
Research
Canadian DB Pension Funds’ Cup Runneth Over
Funded status of Canadian plans surges well above 100% in Q3.
Legal & General in $3.14 Billion Deal to Take Over Nortel Pension Plan
Bulk annuity buyout frees fund from British pension rescue agency.
CalPERS President Loses Her Board Seat
Priya Mathur, an advocate for CalPERS ESG programs, will be replaced by California police officer Jason Perez.
Corporate Moves
How Wisconsin’s David Villa Will Wear Two Hats
The State of Wisconsin Investment Board’s CIO and newly christened executive director is ‘relying on the strong leadership’ of the new management council to ensure success.
S&P 500 Pensions Approaching 91% Funded
Increased discount rates, global equity returns generate uptick in the ratios for plans in the index.
Washington State Allocates Close to $3 Billion to Private Markets
Majority of commitments go to two private equity funds.
Newsmakers
QSuper CIO to Depart Next September
Brad Holzberger helped create Australia’s first two-dimensional lifecycle fund during his near-decade stint as investment head.