UK’s Border to Coast Hires Four Managers for New Global Equity Fund
The $57 billion local authority pension pool eyes starting fixed income, private markets portfolios next.
News Archive: Jun - 2019
Newsmakers
Investors Launch Climate Endowment to Invest in ‘Green Revolution’
Endowment to be modeled on Yale, Harvard’s investment strategies.
Research
Australian Private Capital Levels Rise to Record A$30 Billion
Country is ahead of China, India, and Japan on a per-capita basis.
UK Launches Institute to Help Investors Make Social Impact
Nascent organization is still accepting applications for a chief executive.
Newsmakers
New York Comptroller Aims to Double Pension Plan’s ESG Funding
DiNapoli seeks to increase the state Common Retirement Fund’s sustainable investments to $20 billion.
Newsmakers
Rhode Island Supreme Court Upholds Cranston Pension Cuts
High court reluctantly rejects challenge to 10-year suspension of COLAs.
UK Academics Demand Inquiry into USS Pension Fund
More than 1,000 professors call for investigation into largest UK private plan’s deficit.
Regulation
UAW Pension Fund Urges Mylan to Bolster Pay Policy
Pension wants firm to recoup incentive compensation from execs who behave badly.
US Public Defined Benefit Pension Assets Rebound in Q1
Pensions’ largest quarterly gain followed their largest quarterly loss.
Philip Green Wins Support from Regulators for Arcadia Rescue Plan
Regulators satisfied with £385 million package despite demanding £25 million more.
People Moves Roundup
MSCI strengthens Australia, New Zealand reach, Chicago Trading Co. gets a new CEO, and more.
Newsmakers
Alaska Shoots for $3 Billion in Private Markets Investments Next Year
Robust growth anticipated for its direct and co-investment strategies across private equity, private credit, and infrastructure.
Market Moves
Apollo’s Leon Black Laments Going Public
Lagging share price vexes PE kingpin, who says investors just don’t understand the firm.
Risk
Rolls-Royce, Legal & General Strike $5.8 Billion Pension Deal
Insurer tops previous record for the largest risk transfer seen in the UK.
Risk
Third Swedish Pension Plan Divests from Nukes and Tobacco Companies
AP2’s decision sees it keeping up with new laws, sister funds AP1 and AP4.