Newsmakers
NYC Pension Funds Sued for Divesting $4 Billion in Fossil-Fuel Assets
The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’
Tag: TRS
Newsmakers
Oklahoma Taking Names as It Seeks to Weed Out ESG Investors
State Treasurer Todd Russ is making a list of companies that break the state’s anti-ESG law.
Newsmakers
Teachers’ Retirement System of Illinois Issues RFP for Investment Consultant
The $60.7 billion pension system is seeking a firm to assist in investment decisions after RVK’s 5-year term expires this year.
The Problem with Pulling Out of China
Many U.S. and other nations’ companies are thinking about transferring elsewhere. Easier said than done. Investors could be collateral damage.
Newsmakers
Connecticut Reins in Public Pension Costs
The state general assembly forecasts $290 million in pension cost cuts by 2026 thanks to a volatility cap excess.
One Big Reason Canadian Plans Are So Well Off: International Investing
Their overseas exposure is expanding, while US funds stay mostly at home.
Pensions
Texas TRS Names Heather Traeger General Counsel
Former general counsel Carolina de Onís has moved to UTIMCO.
Asset Management Culture
Illinois TRS Executive Director Richard Ingram Resigns
Ingram steps down after being placed on administrative leave due to ‘performance issues.’
Coronavirus - COVID-19
Report: Virus’ Effect on NYC Teachers’ Pension Fund Poses Risk to City
NYU pinpoints the program’s unique Tax-Deferred Annuity offering and contribution volatility as threats.
Risk
Texas TRS Looks to Replace Some Public Equity Allocation with Private Credit
The fund’s new CIO Jase Auby describes the portfolio’s new path forward.
Exclusive: Jerry Albright Explains Why He Stepped Down as CIO of Texas Teachers
Board approves Deputy CIO Jase Auby as successor for top TRS investment management position
Corporate Moves
Texas Teachers’ Planning for Next CIO
Jerry Albright to take on a new role at the $156 billion retirement system.
Investors Are Seeking More Support for Private Equity Co-investments
The uptick in outsourced co-investment platforms is part of ‘the next generation of thoughtful portfolio construction.’
Manager Selection
TRS Expands Diversity Recruiting by Partnering with Howard U
Albright: ‘Any number of Howard students may be tomorrow’s investments superstars – and we want them playing on our team for our members’ long-term financial security.’
Jerry Albright to Replace Britt Harris as TRS CIO
Board elevates interim appointee to full-time position.