Corporate Moves
Cambridge Associates Reaches Minority Investment Target, Sets New Goal
After hitting its goal of making 10% of investments with diverse managers, the investment firm aims for 15% by 2025.
News Archive: Apr - 2023
Regulation
Cement Workers’, Teamsters’ Pensions Receive Additional PBGC Funding
The PBGC paid out $438 million in additional funding to the NYS Teamsters Conference Plan and smaller amounts to three other plans.
Risk
Drooping Dollar May Face Global Reckoning, but Is There a Viable Replacement?
Eurasia Group’s Ian Bremmer pushes back against resurgent notions that the greenback is destined for permanent decline.
Regulation
New York Common Commits $1.3B to Sustainable Program
The $242.3 billion state pension fund also committed more than $600 million to alts in February.
Asset Allocation
Norway Asks Sovereign Wealth Fund to Consider Adding Unlisted Equities
The $1.3 trillion pension giant is currently prohibited from investing in the asset class, but that may change.
Risk
Forget Any Fed Pivot, Says JPM’s Gross
The bond and futures markets believe the central bank’s tightening will about-face—a bad call, the strategist contends.
Market Moves
Alecta Replaces Equities Head in Wake of US Banking Losses
Liselott Ledin was placed on leave after Sweden’s largest pension fund lost almost $2 billion during recent U.S. banking failures.
Pensions
NYC Pension Funds Call On Chipotle to Adopt Noninterference Policy
Comptroller Brad Lander alleges the company has demonstrated a pattern of anti-union tactics.
Pensions
UK Shelves Decision on When to Raise Pension Age to 68
The delay follows violent protests spurred by the French government’s decision to increase France’s pension age to 64 from 62.
Regulation
DOL Offers First Legal Defense of Its New ESG Rule
The Department of Labor challenged the plaintiffs’ standing and defended the legality of the new ESG rule, but also saw its motion for a venue change dismissed.
Research
Japan GPIF Foreign Equity Managers Rate Top TCFD Disclosure Firms
Microsoft and BHP were cited the most by asset managers as providing the best climate risk information.
Research
Listed Infrastructure Expected to Deliver Regardless of Economic Slowdown
The asset class will still provide ‘highly attractive returns,’ even if economic growth slows, says First Sentier Investors.
Winning Investment Strategies
UN PRI Report Shows Investment Managers Can Improve on ESG
PRI signatories are meeting the framework’s minimum goals, but there is a long way to go.
Risk
Look Out: Treasury Volatility May Not Be Over
Ongoing worries, such as the debt-limit clash, could bring it roaring back, warns Bank of America.
Asset Allocation
Ontario Teachers’ Pension Buys Majority Stakes in Bioenergy Firm, Australian Farm
The Canadian pension fund makes $250 million capital commitment to Idaho-based Sevana Bioenergy.