CalPERS Champions Board Diversity Campaign Across 500+ US Companies
Requests each company develop and disclose policies, implement plans.
News Archive: Aug - 2017
Credit Suisse: Commodities Picked Up in July on Signs of Economic Improvement
The oil sector gained with improving demand, although expectations for OPEC’s prospects of bringing down global production were reduced.
Newsmakers
Kentucky League of Cities Urges CERS, KRS Split
Despite double-digit returns for KRS, coalition is one of 23 groups calling for the separation.
Newsmakers
Shareholders to Decide Fate of Amazon, Whole Foods Deal
Despite few known details, analysts expect majority approval.
TPR to Prosecute Chappell for Failing to Give BHS Sale Info
BHS owner to face charges of neglecting or refusing to provide information.
Newsmakers
Ohio PERS Considers Cutting COLA for Retirees
System floats idea of basing COLA on CPI, capped at 3%.
Newsmakers
Texts and Emails to Be Added to UK Pension Cold-Calling Ban
Since April 2014, pensioners have lost an estimated £43 million to cons.
Corporate Moves
Callan to Shift Staff Titles, Structure in September
The firm will move from a single S-Corp to an LLC to increase employee ownership.
AMP Capital’s IDF III Scores Record $4.1 Billion Commitments
Sees strongest support from Japan, Korea, Canada, and Germany-based institutional investors.
Research
Connecticut Liabilities Outpace Asset Growth
Liabilities more than double in 10 years, while assets gain 28%.
TPR Anti-Avoidance Hearing Heads to Upper Tribunal for First Time
Regulator wants to force ITV to fund plan with £90 million deficit.
Newsmakers
New Mexico’s Two Largest Public Pensions Could See Benefit Reforms
Despite double-digit returns, the systems aren’t out of the woods yet.
Michigan State Endowment Gains 15.4%
Foundation attributes strong gains to active management.
Newsmakers
Kentucky Gov. Launches Pension Reform Website
In his quest for state pension reform, Gov. Bevin just made it easier to keep the public informed on retirement plan updates.
CPPIB to Invest $750 Million in Calpine Corp. Acquisition
The Canadian pension fund is one of many investors in $5.6 billion consortium.