People Moves Roundup
KKR Gets a French Head, Robeco lands a new risk officer, and more.
News Archive: Jun - 2019
Regulation
Rhode Island General Assembly Passes Religious Pension Bill
Legislation would require church plans to follow ERISA standards.
Newsmakers
CIO Roundtable: Improvements Made
This series talks with leading CIOs about improvements made to their funds that have made a difference.
Market Moves
As the Trump-Xi Confab Nears, Wall Street Is Leery
Lots of wariness about an escalation of the US-China trade war and bad economic fallout.
Newsmakers
Boosting Diverse Managers Needs a Big Push, Says Chicago Teachers’ CIO
Key to this, pension official Angela Miller-May tells a US House panel, is requiring a set level of minority and female outside advisers.
Newsmakers
Nominate the Most Inspirational Asset Owners and Managers for the 2019 CIO Innovation Awards
Nominations for this year's 10th annual bash close August 3.
PLSA Issues ESG Compliance Guide for UK Pensions
New requirements for DB, DC plans take effect October 1.
KPMG to Pay $50 Million for Using Stolen Data, Exam Cheating
SEC calls breadth and seriousness of the misconduct ‘astonishing.’
Regulation
Former Otéra CEO Sues CDPQ After Being Fired for ‘Ethical Failings’
Alfonso Graceffa accuses pension giant of conducting smear campaign against him.
Corporate Moves
HSBC’s UK Pension Chief Joining London CIV
Mark Thompson will lead the local authority pension pool after eight years of running the bank’s DB and DC plans.
Economic Expansion Sets Twin Records for Length—and Weakness
US GDP has been growing for 121 months in July, but the growth rate is a mere 2.3%.
Giant Investment Coalition Call for Climate Action From G20 Leaders
Alliance of pension and other institutional investors, managing $34 trillion, is worried about “ambition gap” in meeting Paris Agreement’s goals.
Risk
Pennsylvania SERS Loses 4.6% in 2018
Funded ratio falls to 56% as portfolio has worst calendar year in a decade.
Sun Life Launches $160 Billion Asset Manager
SLC Management combines firm’s fixed-income institutional asset management units.
Market Moves
Chuck Schwab Mulls Company’s Leaving Costly San Francisco
Financial giant’s founder, apparently not serious, joins locals in kvetching about city’s high prices.