BlackRock Laying Off 3% of Staff Amid Market Concerns
The asset management titan plans to make ‘additional changes’ in the coming weeks.
News Archive: Jan - 2019
ESG Provider ISS Acquires Strategic Insight, Owner of CIO
Companies merge as a consolidation move under their joint owner, Genstar Capital.
Newsmakers
San Francisco Retirement Plan Connects with China
Disclosures show SFERS has invested in two Chinese venture capital funds and another China-based fund focused on media and entertainment.
Risk
Illinois Teachers’ Pensions Return More than 8% in 2018
Investment returns fell by 50% from 2017 for state and university educators.
Newsmakers
Kuwait Pension Fund Suing Man Group
The Public Institution for Social Security says the British firm made secret deals with one of its heads between 1996 and 2013.
CFOs Expect a Recession by 2020, Deloitte Says
Survey finds 55% of corporate financial chiefs expect a downturn, a marked decline in optimism.
Ohio Police & Fire Pension Targets Real Assets in 2019
Pacing plan expects the pension will make three $50 million to $75 million investments this year.
CalSTRS Board Approves $300 Million Campus Expansion
A second office tower is aimed to attract and accommodate new investment staff, part of a strategy to manage more of the plan’s assets in-house.
Regulation
New Mexico Considers New Solvency Proposal
Proposes three-year suspension on COLA adjustments to help attain 100% funded status by 2043.
Risk
Bridgewater Wins Big in 2018 Despite Peer Struggles
Leader Ray Dalio attributes portfolio balance to flagship Pure Alpha fund’s 14.6% returns.
Newsmakers
San Francisco Employees’ Retirement System Becomes Major ESG Force
In the span of a year, the system has become one of the largest players among US pension systems.
Infrastructure M&A Deals Drop off in 2018
The majority were in renewable energy, and two were the largest deals in the space to date.
Corporate Moves
CalPERS No. 2 Investment Officer Resigns
In a sudden departure, CalPERS Chief Operating Investment Officer Elisabeth Bourqui has resigned just months after moving from Europe to take a key spot at the Sacramento-based pension plan.
Corporate Moves
World Bank President, Who Opposes Trump Climate Stance, Is Departing
Obama-nominated Jim Yong Kim had three more years left on his second term as group’s head, leaving an opening for Trump-appointed successor.
Regulation
Kentucky Lawmakers Return to Tackle Retirement System Mess
Pension reform, stymied in court, is on the top of the lawmakers’ agenda.