Regulation
KY Pension Reform Unlikely in Last Days of 2018 Session
State budget bill still on track.
News Archive: Mar - 2018
Risk
Connecticut Pension Funds Return More Than 16% in 2017
The state’s retirement plans and trust funds increased by $4.2 billion to $34.4 billion.
Risk
Texas Teachers’ Albright Seeks Canadian Model Adoption
Plans to supersize internal staff, cut external costs by at least $600 million.
OMERS Infrastructure Inks Deal with Leeward Renewable Energy
Fund allocated 16% of its portfolio to infrastructure.
Corporate Moves
University of Georgia Foundation Names Jason Bull as First CIO
Bull joins Georgia from Emory University, where he was the endowment’s managing director.
Research
PEW Report Determines How Detroit Can Keep Pension Promises
Report says Detroit’s contribution policies will suffice if investment returns meet assumptions.
Warburg, Disruptive Capital Launch UK’s First Pension Consolidation Fund
The private equity firms are providing £500 million to seed the ‘superfund.’
Melrose Woos GKN with £1 Billion Pension Injection in Takeover Bid
Investment firm says current merger plan will leave GKN with £3 billion in pension liabilities.
Risk
Ontario Pension Board Returns 10.8% in 2017
Fund’s investments were managed by government-created management corporation for the first time.
OECD Forecasts Robust Investment Growth Through 2019
Global economy expected to grow 3.9% each of the next two years.
Norges Bank Releases ESG Exclusions
Bank cuts companies that derive 30% income or power from coal.
Calif. Treasurer Calls for Assault Weapons Divestment
John Chiang urges institutional investors to divest from sellers of military-style weapons.
NYS Common Cracks Down on Corporate Board Diversity
Diversity agreements made with four Fortune 500 companies.
Newsmakers
CalSTRS Not on Board with Tesla’s Proposed Compensation Package
Cites issues with ‘lack of focus on profitability for the company.’
Alternatives
CalPERS Report Details Role in Dakota Pipeline Controversy
Engagement led to 17 banks disengaging from the project.