Corporate Moves
Exclusive: New Connecticut CIO Leaves after 10 Days
Sean Crawford, former CIO of New York’s MTA, has ‘departed’ the fund.
News Archive: May - 2018
Ontario Teachers, CalPERS-Led Team Backs SEC Study of Stock Trading Fees
Plan targets stock exchange practice that asset managers say leads to higher prices for investors like them.
Regulation
Ireland Launches Public Consultation on State Pension
Government seeks advice in helping design new Total Contributions Approach.
McKesson to Close Long-Frozen US DB Plan
Company is planning $55 million contribution to its worldwide pension plans in fiscal 2019.
Most UK Pensions Taking Steps to Manage Climate Risk
However, some funds are ‘worryingly complacent’ says Parliamentary committee.
US Retirement Systems ‘More Vulnerable Than Ever’
Report says New Jersey, Colorado pensions risk insolvency without intervention.
Minimizing the Endowment Tax
Goldman Sachs offers strategies universities can use to reduce the effect of the new endowment tax.
Risk
Billion Dollar Hedge Fund Club Grows to $889B
North American exits make way for European entrants to the group.
Newsmakers
CIO Scott Evans to Leave NYC Pensions at Fiscal Year-End
Evans is the third CIO to resign from a NY pension this month.
US Single Premium Pension Buyout Sales Hit $1.38 Billion in Q1
Sales fall sharply from $11.1 billion in previous quarter.
Newsmakers
Harvard Overseer Resigns over Fossil Fuel Investments
Kat Taylor accuses $37.1 billion endowment of funding ‘pernicious activities.’
Over 100 US Multiemployer Pension Plans Face Insolvency
Despite rising funded status trend, many plans will run out of assets within 10 years.
Opinion: Funds Could Increase Their Expected Rates of Return
Fiduciaries may have overlooked a very simple and lucrative source of expected returns.
Corporate Moves
AustralianSuper’s Head of Property Exits
After a disastrous 2009 performance, departing exec turned the portfolio into $10 billion during decade-long stint.
Corporate Moves
Britain’s Pension Protection Fund Names Risk Officer, Head of ESG
New CRO comes off of an eight month career break following 21 years at insurer.