Newsmakers
Two States Assail Alabama Following Abortion Ban
Maryland comptroller Franchot says pension money will not be used to ‘subsidize extremism.’
News Archive: May - 2019
Newsmakers
10th Annual CIO Summit Insights Wow Attendees
ESG, tech, farmland, and geopolitics among top talks at this year’s two-day event.
Corporate Moves
UK’s Largest DB Plan Gets New CEO/CIO
Ex-M&G Prudential head Simon Pilcher will take over the UK’s Universities Superannuation Scheme from Roger Gray.
CalPERS Private Equity Co-Investment Plan Could Be Announced Next Month
CalPERS stopped its co-investment program in 2016. Now CIO Ben Meng wants a restart.
Regulation
Chicago Sues State Comptroller over Pension Intercepts
City funds have been diverted to local pensions over alleged unpaid contributions.
News
Oregon Democrats Offer Pension Peace Treaty to Revolting Republicans
Newly proposed pension reform offers a new path to funding the troubled PERS.
Regulation
Hospital Retirees Sue Newark Archdiocese for $2.7 Million in Lost Benefits
Suit claims Archdiocese hid IRS ruling that revoked ERISA protection.
FCA Bans, Fines Directors over £1 Million for Bad Pension Advice
Regulator said ‘reckless behavior’ led over 2,000 customers to invest $98.5 million in risky assets.
CIO Innovation Awards: Nominations Open
Nominate your best asset owners and managers for this years 10th annual bash.
CalSTRS Stresses the ‘Importance of Acting Quickly’ to Maintain Funding Progress
Update on the pension’s 2014 funding plan illustrates the risks, rewards, and strategies to be aware of.
Alternatives
Four Nordic Pension Plans Commit $700 Million to Renewable Energy
Investments will mostly target Asia and Latin America but may dabble in other markets
Regulation
TPR Fines McDonald’s Franchisee Trustee for Breach of Pension Law
Fine of £104,000 largest ever handed out to trustee by UK regulator.
The SEC’s Newest Proposals Would Make Private Equity a Bit Easier on the Eyes
New rules would make the PE arena a lot more navigable, welcoming, and lucrative.
Market Moves
Housing May Be on the Rebound, or Not
New home sales pick up, but existing ones still lag.
Regulation
Arizona Public Safety Execs to Recoup Lost $170,000 in Bonuses
Money, to be awarded for 2013 performance, had been delayed due to controversy.