Board Member Sues CalPERS over Alleged Retaliation
Margaret Brown claims she was wrongly punished ‘to silence one of the only watchdogs on the CalPERS board’ and seeks to dispute discipline.
Asset Management Culture
Firefighters Union Head Accused of Pension Mismanagement
Internal audit alleges that International Association of Fire Fighters President Harold Schaitberger misreported millions of dollars in union funds.
Pandemic Spurs Investor Interest in Social Bonds
The sustainable finance instrument has become an unlikely tool in the economic fight against COVID-19.
Pennsylvania Fund Debates How Best to Invest in Today’s Environment
Low stock valuations and bond yields leave PSERS questioning next moves.
CPPIB Ex-Chief Mark Wiseman Named AIMCo Board Chair
The industry head joins the Alberta investment manager just as the province is considering seceding from the national plan.
Tesco Pension Investment Chief Steven Daniels to Retire Next Year
Deputies Danny Firth and Jenny Buck will take over his dual roles as chief executive and investment chief at the British supermarket giant.
NYC Pension Head Calls on GM to Disclose Lobbying Practices
Scott Stringer accuses automaker of privately working against climate policies it publicly supports.
MassMutual Reportedly Exploring $2 Billion Sale of Retirement Services
The life insurance company apparently no longer considers the DC plans integral to its business.
Harvard Says It’s Not Planning Layoffs, But Offers Early Retirement Packages
Other cost-saving proposals at endowment champ: voluntarily reduce vacation time or work hours.
Northern Trust Joins Asset Servicing Unit to BlackRock’s Aladdin
The Chicago firm is the latest to integrate its tools to the portfolio management software.
Fighting Climate Risk More Popular in Finance Industry Boardrooms, Survey Says
In GARP poll, 90% of boards were involved in sustainability efforts.
Exclusive: Oklahoma Police Pension Employees Return to Office
Staff members will follow sanitation and social distancing protocols required by the state, the executive director said.
Norway Pension Giant Dumps Nearly $3 Billion in Coal, Oil Stocks
However, weak krone erases over $438 million in value from now-excluded holdings.
CalSTRS Mandates More Money from State, Employers to Absolve Growing Deficit
The pension was about 66% funded before the COVID-19 pandemic.