NYC, California Leaders Call for Pensions to Back LGBT Diversity
Comptrollers asked public fund fiduciaries to embrace a definition of board diversity that includes lesbian, gay, bisexual, and transgender communities.
News Archive: Jun - 2016
The Cost of Complete Divestment
Return impacts aside, the act of divestment in and of itself can cost funds billions.
CIO Henrik Gade Jepsen Exits ATP
He ends his 17-year career at Denmark’s largest pension plan as ATP welcomes Kaspar Arndt Lorenzen as the new investment chief.
Private Equity Distressed Specialist Fined Over Fees
Blackstreet Capital charged LPs for unsanctioned services—entertainment, donations, brokering—the SEC alleges.
DTE Energy Investment Chief Leaves for OCIO
Paul Cavazos has joined American Beacon Funds as CIO, and will focus on corporate pension plans and growing the mutual fund business.
Canadian Pension Vet Joins NZ Super
Doug Pearce finds his next project, two years after retiring as CIO of British Columbia’s public asset pool.
NISA Hires Again for DC Lifetime Income Team
Another 401(k) expert from AllianceBernstein joins the famed LDI firm.
Ex-CalPERS CEO Sentenced to Prison
Fred Buenrostro will spend four and a half years in jail on bribery charges after confessing to a pay-to-play scheme.
How Much Should Smart Beta Cost?
One provider thinks it should be free—at least if it doesn’t outperform traditional indexes.