Risk
Kentucky Makes Changes to Free Pension from Funding ‘Death Spiral’
Proposed liability-based model would protect employers from contribution rate increases.
News Archive: Dec - 2019
Regulation
Tales from the Crypt: Investors Suspect Cryptocurrency Firm Founder Faked His Death
Lawyers want body exhumed, $61 million liquidated before death can’t be accounted for.
Risk
Police Pension Fund Sues Goldman Sachs for 1MDB Records
Sergeants Benevolent Association calls Malaysian scandal ‘worst-ever fleecing of a sovereign wealth fund.’
Research
Miami Pension Files Lawsuit Against Carl Icahn over Insider Trading Allegations
The Miami Firefighter Relief and Pension Fund alleges Icahn purchased shares of HP, knowing that Xerox would offer to purchase them later at a premium.
Asset Allocation
University of British Columbia to Divest C$380 Million from Fossil Fuels
President declares climate emergency, but activists say it isn’t enough.
Newsmakers
With Andrew Sawyer Gone, MainePERS Launches CIO Search for $15 Billion Fund
The CIO departed the fund in November after a 12-year run.
Newsmakers
France’s Chief Pension Reform Official Resigns Amid Protests
High Commissioner for Pensions Jean-Paul Delevoye resigns after failing to publicly disclose other positions he held, which potentially lead to conflicts of interest.
Asset Allocation
Almost $14 Billion Pulled From CalPERS Equity Managers
With almost all of its external active equity managers fired, CalPERS is moving billions into its own internally managed index strategies
Finnish Pension Launches Sustainable ETF with $556 Million
Fund will exclude tobacco, fossil fuel, and weapons investments.
Asset Allocation
It’s the 5th Trade Deal Announcement: What if This One Falls Apart, Too?
The latest breakthrough is laden with ‘ambiguity’ and ‘fragile,’ says the Center for Strategic and International Studies’ China expert.
News
South Africa Government Pension Returns 2.6% in Fiscal 2019
Robust returns from commodities help $122.9 billion fund beat benchmark.
Regulation
SEC Charges CEO with Fraudulent Initial Coin Offering
Tech firm allegedly raked in $42 million by defrauding hundreds of investors.
Exclusive: Jerry Albright Explains Why He Stepped Down as CIO of Texas Teachers
Board approves Deputy CIO Jase Auby as successor for top TRS investment management position
Ash Williams Named CIO of the Year at Innovation Awards Gala
Robin Diamonte receives Lifetime Achievement Award as enthusiastic crowd of 340, including 113 asset owners, applauds the prowess of vibrant leaders.
Asset Management Culture
Investments in Fintech Hit Record High in Q3
Investments in firms are led by Asia, with China and India head to head for top spot in region.