Future Fund Hires ESG Risk Management Chief
The $96.5
billion Australian sovereign wealth fund has enlisted Joel Posters from the
Netherlands to lead its ESG efforts.
News Archive: May - 2014
Redesigning US Public Pension Plans (in the Netherlands)
Research has
found raising contributions, reducing indexation, and changing portfolio
asset allocations could help improve plans’ financial health.
Texas Pension Drops Credit Suisse After Guilty Plea
Texas ERS has suspended its trading with the Swiss bank indefinitely as of May 21.
Is it Time to Drop the ‘ES’ from ESG?
Research from Hermes suggests “governance” is the factor
that creates positive returns.
Infrastructure Deals Fuelled by Record Leverage in 2013
Infrastructure buyers borrowed $256 billion to finance deals last year, although total value of deals remained flat year-on-year.
ABP Loses Chairman
Europe’s largest pension fund is to lose its chairman of trustees.
Norway Lobbies for Private Equity and Infrastructure
The Norwegian SWF is lobbying government in a bid to diversify from equities and bonds into more illiquid assets.
UN Pension Staff Resist Move to Empower CEO
Nearly 10,000 people have a signed a union petition opposing the CEO’s attempt to internalize pension staffing decisions, among other practices.
Princeton Staff Score Hefty Pay Raises in 2013
The $18.2
billion endowment’s top three staff was paid almost $3 million more in 2013
than the prior year, with its leader earning the highest compensation in the
university.
NJ Gov. Pulls $2.5B in Pension Funding for Budget Hole
Chris
Christie, facing a budgetary crisis, said the state will cease to
pay for past administrations’ “sins,” and cover pension costs only for active employees.
Small Hedge Funds Face ‘Extinction’ over Fees and Regulation
The hedge fund industry is becoming more concentrated as billion-plus
strategies absorb assets.
‘Closet Indexing’ Costs Pensions £1.7B a Year
Aon Hewitt claims “sub-optimal” active fund performance affects almost 20% of UK pension assets.
Are Asset Managers ‘Too Big to Fail’?
Large, highly connected asset
management firms are at risk of being labeled “systemically important financial
institutions.”
Amundi's UK Institutional Chief Quits, 11 Months In
Amundi’s head of UK institutional Mark Miller has quit the company after less than a year in his role, aiCIO has learned.
Mercer's Argument for Lump Sum De-Risking
The imminent of arrival of new mortality tables and popularity of the tactic with participants means it's not a bad time to payout, the firm says.