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...British players who are focused on equities have also had to contend with the fallout from a multi-decade shift by UK pension funds away from holding shares in their local market, which deprived domestic...
...Pension trustees have also said they are worried about the potential threat from such arrangements....
...A spokesperson for the BP pension trustees said they had a duty to “continually review and assess all investment options to manage the security of the fund and members’ benefits”, adding that “such options...
...The Securities and Exchange Board of India in late February requested Indian mutual funds find ways to slow the flow of funds into smaller stocks and protect investors from a wave of redemptions, sparking...
...Between 2014 and 2022, the number of Tokyo Stock Exchange constituents with a board boasting a third or more independent directors climbed above 90 per cent from a tiny percentage, notes US fund manager...
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains...
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...Institutional investors that sided with the activist proposals include Norway’s sovereign wealth fund, the Canada Pension Plan Investment Board, California Public Employees’ Retirement System and the California...
...The pension fund trustees might require a hefty top-up payment to compensate. The arcane world of pension valuations could be set to move into the spotlight....
...Second, the 27-nation bloc needs to mobilise more of its financial firepower from pension funds and retail investors....
...The $13.3bn in withdrawals includes last week’s announcement by the Texas Permanent School Fund that it would pull $8.5bn at the end of April, the largest removal to date by Republican-run pension funds....
...For Mick McAteer, co-director of the Financial Inclusion Centre and a former board member of the Financial Conduct Authority, this is a problem....
...After a 78-year run, Marlborough Gallery is to close this June, a decision announced by its board of trustees on Thursday....
...However, his sponsorship of the new wing led to the resignation of some of the museum’s trustees, including mathematician and broadcaster Hannah Fry....
...While the Federal Reserve’s aggressive interest rate increases have been a blow to US IPOs across the board, Beijing’s policy intervention has played an equal, if not bigger, part in keeping local Chinese...
...The FTSE Women Leaders Review, for instance, tracks female representation on the boards of the FTSE 350 and 50 of the UK’s largest private companies....
...Calpers, the California pension fund, also told Reuters it had voted for Trian’s nominees because it thought Disney would benefit from “fresh eyes” on its board....
...The head of one of the world’s biggest pension funds has said UK retirement plans should not be told where to invest their money, as the government sets out plans to funnel more cash into unlisted assets...
...Brasília also has some sway over Previ, the pension fund of state-controlled Banco do Brasil, which is Vale’s biggest individual shareholder with two seats on the board....
...UK pension fund trustees must consider increasing the range of their investments, including in start-ups or other illiquid assets, or face “robust” intervention, the British regulator has warned....
...“Some measures are *very* ill-judged,” said Mick McAteer, a former board member of the Financial Conduct Authority, adding they could “undermine pension security, allow City [fund managers] to extract higher...
...Blackwells issued a presentation this week estimating that ValueAct, which has been a supportive investor of Disney, has made up to an estimated $95mn in fees from managing pension funds of company employees...
...The decision of SoftBank to favour New York with the initial public offering of subsidiary Arm, a UK-based chip designer, also hurt local pride....
...(Marlborough’s trustees disagreed with his representation of events.) Last week, the board of the 78-year old gallery announced that it was closing for good....
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