The plan’s governance committee gave first approval to a plan that reduces the size of the investment committee and the number of meetings at its Aug. 20 meeting.
The hedge fund firm will change its name to Sculptor Capital Management next month as it looks to put a foreign bribery scandal behind it, CIO reports.
A controversial section of a proposed code of conduct would bar California Public Employees’ Retirement System board members from speaking out against investment decisions or policies following board approval, a move some are claiming is aimed at stifling dissent and preventing board members from talking to the media, CIO reports.
The board of Oregon’s public pension system voted 3-to-2 Friday to stand pat on the system’s key funding assumption, maintaining their assumed rate of return on investments at 7.2% annually, The Oregonian reports.
A deal for the financial-information and terminal business would help the U.K.-based exchange operator expand its business as a data provider to investors and companies, the Wall Street Journal reports.