MetLife Sued over Pension Calculations
Insurance firm is accused of improperly reducing retiree benefits.
News Archive: Dec - 2018
UK Seeks Input on DB Superfund Consolidation Rules
Regulator will scrutinize all superfunds to identify potential risks.
Hard Brexit Could Raise UK Pension Deficit by £219 Billion
Report also says a ‘soft Brexit’ could reduce pension deficits and liabilities.
Newsmakers
In Crowd of more than 300, 105 Leading Asset Owners Celebrate Nominees during CIO Innovation Awards
Celebration of an extraordinary year draws large, vibrant group of CIOs and leading investors.
US Corporate Pensions’ Funded Status Edges Higher in November
Volatility in equity markets continues to concern plan sponsors.
Newsmakers
Greece Nixes Pension Reductions, Seen as Too Draconian
As the European Commission approves the move, parliament calls off the trims, slated for 2019.
Newsmakers
Canada’s Machin Staying the Course with China Despite Tension
Pension board CEO says it will stay cool-headed amid Beijing’s threats over Canadian arrest of tech heiress.
Commitments Keep on Coming at San Francisco Fund
The San Francisco system makes four more private market commitments, adding to the more than $3 billion already committed this year.
Newsmakers
CalPERS Decision to Divest from Tobacco Is Costly
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
Sacramento County Gets a New Deputy CIO
James Donahue will work with chief Steve Davis to develop the fund’s structure.
Danica Pension Sells Off Swedish Unit
Move follows recent money laundering investigation.
Newsmakers
Google Sued over Data Breach by Rhode Island
Lawsuit alleges executives at Alphabet Inc. hid vulnerability that allowed 52 million users' privacy to be compromised.
Newsmakers
NYC Appoints Former White House Private Equity Expert as CIO
Alex Doñe will provide direct investment advice to the five New York City Retirement Systems.
Huge Investor Alliance Presses Global Acceleration of Paris Accords
The $32 trillion Investor Agenda is worried that nations are letting climate goals recede.
Chinese VC Investments Tops US for First Time
‘Red unicorns’ take in $56 billion in first half of 2018.