Risk
Switzerland’s Largest Pension Fund Trims Equities for Real Estate
Publica has cut some stocks to de-risk, and will also sell some of its bonds as part of a new strategy.
News Archive: Aug - 2018
Corporate Moves
Malaysia’s Largest Pension Fund Names New CEO
Tunku Alizakri Alias will take over Shahril Ridza Ridzuan’s responsibilities at the end of the month.
Canadian Pension Plans Return 2.16% in Q2
Despite positive returns, nearly all asset classes fell short of their benchmarks.
GAM Suspends Investment Director Tim Haywood
Firm says issues relate to risk management procedures, record keeping.
Newsmakers
World Bank to Give Nigeria Additional $4.5 Billion Through 2021
The funding will support the nation’s power industry, health, and governance projects.
Top 100 US Public Pensions Lose $23 Billion in Q2
Contributions and lackluster returns outweighed by benefits payments.
Tepid Job Report: Likely Just a Blip
Labor demand likely strong enough to keep pushing unemployment down.
US Hedge Fund Assets Reach $2.58 Trillion
Growth of holdings climbed 8% last year, Preqin data indicate.
Corporate Moves
Malaysia’s Khazanah Enlists Retirement Fund CEO
Shahril Ridza Ridzuan will become the sovereign wealth fund’s new managing director on August 20.
Risk
World’s Largest Pension Fund Nears $1.5 Trillion
Foreign equities drive Japan’s Government Pension Investment Fund’s 1.68% returns in its first fiscal quarter.
Brewery, Chairman Fined for Withholding Information from TPR
Samuel Smith Brewery, Humphrey Smith ordered to pay nearly £28,000.
Regulation
Calif. High Court Rules San Diego Pension Cuts on Ballot Illegally
Decision could cost the city millions in creating retroactive pensions.
CalPERS Wants to Hire New Real Estate Managers
Experience wanted, but not too much experience. The idea is to identify promising managers with room to grow.
Newsmakers
CIO’s Ninth Annual Industry Innovation Awards: Last Days to Nominate!
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
Newsmakers
Vicki Fuller to Serve on Williams’ Board
The newly retired New York pension CIO will lead the pipeline company’s audit, nominating, and governance committees.