Asset Allocation
Abu Dhabi Investment Authority Buys 21% Stake in Top UK Pensions Firm
Sovereign wealth fund aiming to hit 2-8% private equity target.
News Archive: Jun - 2018
Is It Curtains for the Corporate Profits Surge?
Peak earnings may have occurred in the first quarter. But maybe the picture isn’t so bad.
Corporate Moves
Ohio Public Employees Retirement System Names Paul Greff CIO
Deputy CIO replaces Rick Shafer who is retiring.
Eliopoulos: Without Direct Investment Model, CalPERS’s Private Equity Class Will Shrink
CIO tells investment committee there aren’t enough top-tier firms to invest in to sustain growth.
Newsmakers
China to Shunt More Money to Ailing Provincial Pension Plans
Beijing will divert money from well-funded programs in bustling urban centers to subsidize struggling areas.
CalPERS: Board Diversity Efforts Beginning to Work
18% of US companies targeted in July 2017 now have, or have concrete plans to have, women and minority board members.
Legal & General Targets Eight Firms for Climate Risk Inaction
Investment firm will vote against the boards of companies for not addressing climate change.
SEC Charges Merrill Lynch for Failure to Supervise RMBS Traders
Firm ordered to pay nearly $16 million for ‘deceiving’ customers.
‘Billion Dollar’ Private Equity Club Accounts for 52% of the Industry
Asset class faction and interest has grown by almost 50 members since last year.
Why June, Usually the 2nd Worst Month for Stocks, Is Doing Fine in 2018
The recovery from the market’s winter correction is aiding this month’s performance, so far.
Risk
Swarthmore Endowment Will Not Divest from Fossil Fuels
Board of managers upholds 1991 policy to seek financial results, not social objectives.
Asset Management Culture
Swedish Companies Boost Gender Diversity for Leaders
More than a third of board members and a quarter of executives in large corporations are female.
What Are the Odds the Fed Will Go Too Far?
It boosts rates as part of an ongoing drive, reminiscent of the pre-Great Recession hiking.
Newsmakers
Japan’s GPIF Reveals New Fee Structure
The world’s largest pension fund ‘drastically’ reduces its basic fee rate.
Australian Future Fund Real Estate Head Leaves
Sovereign wealth program divvies up his responsibilities among five officials.