CEO of Halifax Regional Municipality Pension Plan Resigns
Terri Troy will leave the firm in October.
News Archive: Jun - 2017
Asset Allocation
Office Oversupply Looms, But Global Economies Look Solid, Commercial Real Estate Economist Says
China, some US cities could face glut due to aggressive development.
Amazon’s Whole Foods Purchase Sends Worldwide Retail Stock Shock
Acquisition shows value of brink-and-mortar establishments for food purchases, UBS says.
It’s Official: UTIMCO Names Britt Harris as President, CEO, CIO
After 10 years with TRS, the legendary CIO will officially move on to head UTIMCO.
Panelists: Evergreen Funds Seeing Resurgence
SuperReturn East speakers say funds more popular with investors as they increase allocations to private credit.
Corporate Moves
Britt Harris Jumps Ship to UTIMCO, Pending Board Vote
TRS veteran to replace seat vacated by Bruce Zimmerman last fall.
Rutgers Conference: US Real Estate “Priced to Perfection”
Grocery-anchored and experiential-based retail, creative office space offer good opportunities.
Michigan GOP Reaches Deal on Teacher Pensions
Teachers union says “back-room deal” would increase financial risk for new hires without improving funding.
Swiss State Pension Publica Divests from Weapon Firms
$38 billion fund is selling off its stakes in five arms manufacturers.
Newsmakers
Louisville Endowment Audit Finds Rampant Mismanagement
Scathing report accuses fund of poor oversight, depletion of funds, and unauthorized transactions.
Newsmakers
PA SERS Gets a Boost in Q1 2017 Earnings
The Pennsylvania-based pension fund trumps last year’s Q1 reports.
Alternatives
Coronado: China Key to Global Economy, Real Estate
Economist also notes that US rate rise likely to be slow based on high levels of debt.
Asset Allocation
How PSP Invested in FY 2017 to Make 12.8% Returns
The annual report shows that a 12.8% return gives net assets an $18.8 billion boost.
Asset Allocation
Institutional Investors, Proxies Rally Against EpiPen Board
New York City Pension Funds lead the charge against Management Proposal 5 with Glass Lewis, ISS’s endorsement as they prep for Mylan’s June 22 shareholder meeting.
Manager Selection
University of Florida Grad Takes Over as Chairwoman of School’s Endowment
Bessemer Trust CIO Rebecca Patterson will serve a six-year term.