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...Following the Financial Times story about Calpers and Exxon, the pension fund came under pressure from the California state treasurer, who is also a board member of the fund, to vote against Woods’ re-election...
...One example is the $137bn New York State Teachers’ Retirement System, which sold 34 private equity holdings with $3.5bn in total commitments on the secondary market at the end of last year....
Giant retirement scheme delays publication of 2023 climate report after discovering major data issues
...Retirement-focused investors have poured more than $20bn into US exchange traded funds that cap gains but limit losses over the past two years, posing a competitive challenge to established offerings from...
...While not a large number, the dozens that Graham aims to employ in New York will come as welcome news to a city whose office buildings have remained underused since working from home became common during...
...This is the fourth year in a row that New York lawmakers have threatened to redefine how the state’s courts deal with sovereign debt disputes, and in a one-party state like New York, what Democrat legislators...
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...Fink’s new focus on retirement came alongside an effort to stake out a middle ground in the political wars over sustainable investing, an approach he called “energy pragmatism”....
...Undocumented immigrants make up a crucial part of New York state’s economy, accounting for roughly 10 per cent of the workforce in construction, hospitality and healthcare, according to a 2023 report by...
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...In the UK in 1965, the most common age of death was in the first year of life. Today the most common age to die is 87 years old....
...The Sacramento-based pension fund on Tuesday said it picked Stephen Gilmore, a former chief investment officer of the New Zealand Superannuation Fund, as the new CIO of the largest US public pension fund...
...The growing reliance on illiquid assets has also introduced new challenges in terms of cash flow for defined benefit style funds, such as Calstrs and others public retirement systems, which must pay regular...
...Active ETFs — on which many active managers have pinned hopes for attracting new capital — have grown in popularity....
...The bill says that without the new investment fund, contributions would have risen to 22.7 per cent by 2045....
...country to file a “plan” with New York State to adjust its debt....
...However, the other factor is Albany, the chilly New York state capital. Yes, really....
...Ailman, who has served as CIO of the California State Teachers’ Retirement System since 2000, announced his retirement at a board investment committee meeting on Thursday....
...“Mutual funds allowed more people to get into the market,” says financial historian Richard Sylla of New York University....
...The House of Commons work and pensions committee said on Tuesday that just 4 per cent of the 5,100 defined-benefit pension schemes in the private sector were open to new joiners last year, down from 11 per...
...They’ve seen the value of their shares rise by more than $40bn since the beginning of 2023 as new assets have poured into their firms, writes Antoine Gara in New York....
...In the US, it and fellow index fund providers BlackRock and State Street have come under scrutiny from the left and right for the influence they wield by holding large stakes in most American public companies...
...Bridgewater Associates’ new chief executive Nir Bar Dea said he had overhauled the hedge fund after just a year in charge, in a bid to restore the firm’s investment performance and mark a break from founder...
...Roaring equity markets and the popularity of its new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income of $1.57bn that was up 36 per cent year...
...Consider the New York State Common Retirement Fund, which started reviewing its fossil fuel investments in 2019 amid climate change concerns....
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