CalSTRS CIO Proposes Rebranding Corporate Governance Unit
Chris Ailman calls for new name that better reflects ESG focus.
News Archive: Jan - 2019
Regulation
A Bipartisan Plan to Revamp Oregon’s Pension System
Dem backing a Republican bill improves its chances in a blue legislature.
Fewer Stock Buybacks Now Are Debt-Funded
As rates rise, company share repurchases using leverage dipped to 14% of total in 2018, half the 2017 level, JPMorgan says.
More Corporate DB Plans Want to Dump Liabilities ASAP
Many businesses are looking to unload all retirement assets within five years, MetLife survey shows.
Newsmakers
Guggenheim CIO Calls Recession Fears ‘Overblown’
Scott Minerd says Davos attendees tend to misread the tea leaves.
People Moves Roundup
Värde beefs up its team with new partners and deputy CIO, Northern LGPS gets a new chair, and more.
100 Largest Funds Cutting Assumptions
Funding levels improving, but market volatility left some scars.
Newsmakers
New York Pensions Settle Environmental Activism Lawsuit Against Aerospace Company
Multi-billion-dollar company argues greenhouse gas proposals go against its ‘ordinary business.’
Citigroup Launches Green Bonds
Bank looks to keep 2015 promises on renewable energy, water quality, and other Paris Agreement goals.
Market Moves
Don’t Worry About the Housing Slump, B of A Says
According to an economist at the bank, lower mortgage rates should improve the situation, which provokes eerie memories.
Regulation
Duke Pays More than $10 Million to Settle Retirement Plan Lawsuits
The university allegedly violated ERISA with poor investments and unreasonable expenses.
Risk
How Dallas Police and Fire Plans to Revitalize Its Portfolio
New CIO Kent Custer describes his team’s approach to transform the pension’s growth engine.
CalSTRS Wants to Double Co-Investments
Co-investments only make up around 5% of the CalSTRS private equity portfolio but additional investments may help build up the overall private equity program.
Newsmakers
Davos Thought Leaders Optimistic on China’s Economy
A slowdown and trade war won’t derail world’s second-largest economy, they say.
Alternatives
Los Angeles Fire and Police Pension Evaluates Potential Real Estate Direct Investment Platform
Feasibility studies begin on the rare investment strategy.