Africa’s Largest Pension Fund Returns 8.6%
The Public Investment Corp. approaches $150 billion.
The Public Investment Corp. approaches $150 billion.
Investment committee research finds companies don’t meet divestment threshold
A decade ago, the largest US pension plan decided to abandon its home country bias favoring US stocks. Now, pension officials wonder if it was the right move as US stock performance has shined.
Solid returns raise fund’s total market value to $78.2 billion.
Unaligned incentives of board members are being blamed for state pension funds’ financial woes.
Controversial measure, which increases the retirement age, now goes to parliament’s upper house.
Board approves 4% raise, $84,873 bonus, but controversy continues over Frost’s educational credentials.
Measure’s third and final lower house reading to be held today.
Ben Meng’s predecessors did not have deep investment roots, instead administrative and political experience were their calling.
CEO Takahashi hopes the picks will push companies ‘to work on carbon efficiency and disclosure’ practices.
The fast food giant must improve its treatment of chickens, or the state pension fund will sell its $300 million in Golden Arches shares.
Start date has not yet been determined.
Consultant Wilshire Associates also gives overall CalPERS leadership a C grade.
State treasurer and lawmaker demand more transparency from debt-laden PSERS and SERS plans.
Justices grill governor’s top attorney over the legality of complex bill’s passing.