In The News
Momentum may be building to consolidate Illinois’ more than 640 downstate and suburban police and fire pension systems’ investments now that Illinois Senate President John Cullerton introduced a bill to do just that.
Hedge funds and natural resources underperformed. New investments in private equity look no better.
Proposed rule changes would pressure proxy advisory firms to take a more management-friendly stance in their reports and vote recommendations.
Some pension-fund managers are venturing further into unusual investment territory as this year’s plunge in bond yields makes it even harder to find decent long-term returns.
New York pension officials may shift money from equities to bonds to reduce market risk and ensure liquidity in their $216 billion fund, the system’s chief investment officer said on Monday.
California’s two biggest public pension funds could have made about $17 billion more if they had dumped their fossil fuel investments a decade ago, climate advocacy group argues in a study it’s publishing Tuesday.
47% of plans’ assets were in U.S. stocks in third quarter, the most since 2007.
All-time low discount rates forcing pension plan sponsors to re-think equity risk.
KKR & Co.’s profit declined in the third quarter as the company reported a loss from its investment activities and a slump in revenue.
Nasdaq gains 1% on the day, finishes just below its record as investors look to earnings.
