Corporate Moves
Apollo to Open ‘Innovation’ Hub in Austin, Texas
The planned hub will be led by Apollo Capital Solutions’ Eric Needleman and Athene Holding’s Mike Downing.
Tag: Texas
Newsmakers
Texas ERS Appoints Amy Cureton as Director of Real Assets
Cureton succeeds the retired Bob Sessa in the role.
Asset Allocation
Truce Over: Texas School Fund to Ax $8.5B in BlackRock Investments
Despite seeming goodwill blooming with GOP officials in Texas, the asset management firm still draws ire due to ESG considerations.
Asset Allocation
BlackRock’s Fink Strikes Truce With Texas
After the Lone Star State blacklisted the asset manager over a fossil fuels issue, the firm’s ESG-minded CEO offers big bucks to improve the state's power grid.
Asset Allocation
Texas Constitutional Amendment Creates Endowment Fund for Newer Universities
A separate proposition enabling a cost-of-living increase to pensions for retired teachers was also approved.
Manager Selection
Texas Permanent School Fund Appoints Robert Borden new CEO
Borden was previously CIO of the South Carolina Investment Commission and the Louisiana State Employees’ Retirement System.
Asset Allocation
Proposed Amendment to Texas Constitution Would Create Endowments for Smaller Schools
Universities other than the state’s two flagship institutions would benefit from the proposition.
Asset Allocation
At Least 8 States Buy Israeli Bonds Totaling More Than $100M to Support War Against Hamas
Moody’s warns that a prolonged conflict could hurt the country’s credit rating.
Newsmakers
GOP-Led States Ban Pension Plans From Dealing With ESG-Backing Firms
Texas probes whether BlackRock and other asset managers are boycotting fossil fuels.
Newsmakers
ESG Activist Larry Fink Takes Heat From Right and Left
The BlackRock CEO is either too radical or too namby-pamby, critics say.
Asset Allocation
TexPERS Returns 4.6% in Fiscal 2020
The performance falls well short of the pension funds’ benchmark and assumed rate of return.
Pensions
Bill Would Move New Texas State Employees to 401(k)-Like Plan
The proposed pension reform would affect workers hired after Sept. 1, 2022.
Risk
Texas Energy Fund Adviser Charged with Defrauding Over 100 Investors
Fund principals allegedly pocketed nearly $2.7 million in illicit payments.
Asset Allocation
Big Oil Strikes Back at ESG
A Texas bill would force the state’s retirement systems to divest from companies that divest from fossil fuels.
Corporate Moves
Texas Tech DCIO Dan Parker to Leave Endowment
The investor will take a senior position at a firm he says ‘will be familiar’ to investors.