Newsmakers
CalPERS Puts ‘Laser-Like Focus’ on ESG, Board Diversity, and Executive Pay
Says actions from Climate Action 100+ initiative are starting to bear fruit.
News Archive: Apr - 2019
Newsmakers
New Alaska Permanent Fund Chief to Head CIO Podcast
Marcus Frampton to discuss co-investment strategies, CIO challenges.
Alternatives
Washington State Investment Board Commits More than $2 Billion to Private Equity
The latest commitments are part of efforts by the system’s investment staff to maintain a large percentage of plan assets in private markets.
GDP Forecasts for 2nd Quarter Show Deceleration
But latest estimates indicate slight improvement from previous calls.
Risk
Dutch Pension Funds Rebound from December’s Santa Claus Blues
Despite a Q1 comeback, ABP, PFZW officials are worried about low interest rates, future benefit reductions.
Alden Global Capital in Pension Pickle with Department of Labor
Investigation of the hedge fund’s media dealings could cause cracks in Gannett deal.
CBS, Moonves Deny Violations in Pension Lawsuit
Former CEO maintains that allegations of misconduct are not true.
IMF Forecasts Global Growth Slowdown
World economic outlook downgraded to 3.3% growth in 2019.
Market Moves
Yes, Oil Prices Are Back, but Maybe They Have Plateaued
Expanding stockpiles and surging shale pumping may put upper limit on petrol reprise.
BlackRock Assets Surpass $6 Trillion
World’s largest asset manager got a big Q1 boost, thanks to fixed income, even though equities dimmed.
Research
New York Common Must Have 100% Sustainable Investments by 2030, Study Urges
Six-member advisory group calls on pension plan to adopt carbon-neutral goal of Paris climate accord.
Regulation
Oregon Gov. Proposes Robin Hood Pension Solution
To fix state’s retirement systems that are ‘ill-prepared’ for economic downturn, Kate Brown plans to take from the rich and give their tax dollars to its poorly funded pensions.
SEC, FCA Sign Brexit Cooperation Arrangements
Regulators agree to continue cooperation uninterrupted after the UK leaves the EU.
Risk
CDPQ’s Annual Report Reveals a Smooth Operator in Turbulent Markets
From climate change initiatives to net returns, the investor maintains its cool through ‘key transactions in major asset classes.’
Newsmakers
How Michigan’s Treasury Has Benefited from Paul McCartney, Ariana Grande Song Owner
A far-sighted investment in Concord Music is now the Wolverine State’s secret weapon against a possible recession.