Risk
TIAA/Nuveen Accused of Greenwashing, Violating UN Climate Pledges
Complaint alleges Principles for Responsible Investment signatory owns at least $78 billion in fossil-fuel investments.
News Archive: Nov - 2022
Asset Allocation
Japan’s GPIF Loses $37 Billion in First Half of Fiscal 2022
World’s largest pension fund’s asset value declines to $1.31 trillion.
Newsmakers
Post-Election Market Trajectory: Rocky at First, Then Steady
Strategists think the prospect of a gridlocked Congress will ultimately be good for stocks, with a couple of big exceptions.
Regulation
Republican Senators Escalate Warnings to ESG Actors
New warnings of investigations and hearings for ESG actors arrive from Republican Senators.
Research
Wilshire’s 2022 Diversity, Equity & Inclusion Report Finds Improvement in Asset Management
The share of clients investing with diverse-owned firms grew from 20% to 39% over the past three years, though AUM of by diverse-owned firms remained lower than non-diverse peers.
Research
Don’t Worry About a Wage-Price Spiral, JPM Says
Despite Fed uneasiness, higher pay isn’t really pushing inflation, per the firm’s David Kelly.
Manager Selection
Leslie Lenzo Announced as New Hershey Trust CIO
After spending ten years as leader of Advocate Aurora Health’s investment office, Leslie Lenzo will take the helm as CIO at Hershey Trust in 2023.
Asset Allocation
Canadian Pension Giant Aims to Close Net-Zero Reality Gap
CPPIB releases framework to help companies meet net-zero goals using reliable data and disclosures.
Newsmakers
Musk Does a Slim Shady as He Shuttles Between Moderate and Firebreather
Twitter’s new chief has started to act nicer, but the old Elon still is around.
Newsmakers
New Zealand Super Fund Reports -6.99% Loss in Fiscal 2021
The New Zealand Super Fund’s assets fell to NZ$55.7 billion ($32.2 billion) during fiscal year 2021, while the fund reoriented the portfolio towards sustainability and moved forward on Diversity, Equity, and Inclusion.
Regulation
SEC Approves New Rules for Proxy Voting
The new rule requires institutional investment managers to disclose their proxy votes on executive compensation and makes updates to Form NP-X.
Research
When Will Beaten-Up Real Estate Turn Around?
The easy answer is a rebounding economy. But that’s not the sole factor, a Northern Trust Asset Management study finds.
Asset Allocation
New York Common Retirement Fund Invests $1.3 Billion in September
More than half of the monthly commitments were allocated for real estate investments.
Asset Allocation
Chicago Teachers’ Pension Fund to Reorientate Portfolio to Fully Offset Fossil Fuel Investments
The fund plans to divest its $350 million holdings in fossil fuel related equity and debt and reinvest towards renewable energy sources by the end of 2027.
Asset Allocation
UNC, NC State Endowments Killed It in Fiscal 2022
Returns of 4.4% and 3.2%, respectively, for the Tarheels and Wolfpack are among the best in the U.S. for the year ended June 30.