In The News
The executive director of the Arkansas Teacher Retirement System on Monday defended his recommendation for the system to cut its target rate of investment return from 7.5% to 7.25% a year, saying he couldn’t in good conscience recommend keeping the higher rate if the system’s actuary considered it unreasonable.
A report, which says their investments have underperformed since the 2008 financial crisis and are costly, suggests officials should switch to purely passive investing.
The Detroit police and fire pension fund is suing Rocket Cos. chairman and real estate mogul Dan Gilbert in Delaware, alleging he traded on insider information in a $500 million stock sale.
Their goal is to make sustainability data more widely available and comparable.
Many contrary findings across the DB space also noted.
Two new net-zero announcements from Canadian pension funds show that investors are beginning to understand the dangers the climate crisis poses to their investments and the planet.
Of the thousands of hedge funds, only about 80 are led by women today, according to the Kresge Foundation, a Troy, Mich.-based philanthropy that tracks diversity of managers.
KR today announced a newly promoted group of 18 Partners and 42 Managing Directors effective Jan. 1.
Stewart founded Wasatch Advisors, an investment firm that amassed $17 billion in assets.
One of the authors of the report said finance alone cannot be relied upon to tackle climate change.