CalPERS Pressured into Rethinking Private Equity Strategy
Pension fund defends use of “essential” asset class, despite high fees.
News Archive: Jun - 2017
Asset Allocation
Credit Suisse Points to Weakening of Commodity Fundamentals in May
Mild June forecast, weakening of Brazilian currency, and loosening of Indonesia’s export restrictions contributed to worldwide losses, report says.
Newsmakers
Cambodia Plans to Launch National Pension Fund
Recently released 10-year plan outlines country’s ambitious economic goals.
Asset Allocation
Hedge Funds Continue Upward Climb, With Event-Driven Funds Leading the Way
China-focused emerging market funds leading global returns, and are up a whopping 11.60% YTD.
Newsmakers
Auto Enrollment Boosts UK Pension Participation by 50%
Pension enrollment jumps by 5.4 million between 2012 and 2016.
Research
EY Sees Mid-level Companies Shrugging Off Uncertainty, Looking to Grow
Companies are developing agile and flexible strategies to work with “uncertainty as the new normal,” report says.
Schroders Group Makes Executive Changes
Japanese equities head to retire and subsidiary Cazenove Capital appoints new UK CEO.
Harris to Receive $2 Million in First Year as UTIMCO CEO
Other benefits include golf membership, termination clause.
Risk
Chicago Public Schools Borrows $275 Million for Teachers’ Pension, Seeks Additional $112 Million
The district says the loan “creates sufficient cash” in order to fulfill pension obligations.
Regulation
Trump Seeks to Fill National Labor Relations Board Vacancies
If the two rumored candidates are confirmed, the board will see its first Republican majority since the Bush administration.
Asset Allocation
3 Ps Critical to Investing in Aftermath of US Withdrawal from Paris Agreement
Cambridge Associates and IEN outline why purpose, priorities, and principles are rules of thumb for ESG investing.
Corporate Moves
Clara Miller Appointed to Heron’s President Emerita
The philanthropy foundation’s director, president to step down in order to aid its leadership transition.
Asset Allocation
Swedish Pension Fund Shuns Firms That Violate Paris Accord
But despite divestment, fund still owns hundreds of millions of dollars in fossil fuel stocks.
Newsmakers
UK Pension Safety Net to Expand to £32 billion
Pension Protection Fund raises its asset, membership projections for the next three years.
Corporate Moves
Equip, Rio Tinto Staff Superannuation Fund Reveal Merger
New Board and CEO announced, with company to retain Equip name.