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...Calpers, the US’s biggest public pension plan, is weighing a vote against ExxonMobil chief executive Darren Woods’ re-election to the company board as shareholder discontent brews over a lawsuit it filed...
...An executive at a second public fund said he sold private equity portfolios on the secondary market last year at a “bigger than expected” discount after the plan’s board became “uncomfortable” with its cash...
...SACRAMENTO, Calif. — The California Public Employees’ Retirement System has selected Stephen Gilmore, a senior investment leader with extensive experience in public and private financial institutions and...
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...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...
...This results in lower returns relative to public equity....
...The giant California public pension plan has now said it will not release its 2023 carbon emission data until 2025....
...where the state’s pension fund for public employees has a stake....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...Separate research from the Resolution Foundation think-tank shows that across the board wealthy taxpayers are the biggest losers from the Conservative government’s tax changes....
...The California Public Employees’ Retirement System has named a new chief investment officer to replace the former CIO, who in 2023 left the job after less than two years....
...“Widespread defaults have not yet occurred,” said the $105bn Ohio Public Employees Retirement System in a board meeting agenda last month, “however, indications point towards trouble ahead”....
...At least eight very large US public pension funds are using borrowed cash or other leverage strategies, now that the board of Calstrs, one of the largest US retirement funds, this month voted to allow the...
...Almost all other government employees don’t. As such, the Treasury’s largest cohort of creditors include nurses, teachers, civil servants and soldiers....
...Ailman’s comments come as he prepares to “pass the baton” to a successor from June after announcing his retirement last month....
...But Berkshire has faced pressure from shareholders, including the California Public Employees’ Retirement System, BlackRock and State Street, to provide greater disclosure on the risks the company faces...
...Its partners this month voted in favour of appointing an independent chair of its governance board as well as two independent board members, an unusual move for the normally insular consultancy firms....
...Opinion polls indicate substantial public support for legalisation....
...That fairy tale ending disappeared for many Americans in the 1980s, when most new employees started to be shunted into a new retirement option....
...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...
...Though Mubadala is buying a controlling 70 per cent interest, Fortress employees will gain control of the investment group with majority control over its board....
...His ousting comes as Boeing encounters intense regulatory scrutiny over the incident in early January, when the door panel fell out of a 737 Max plane above the state of Oregon....
...Mick McAteer, a former board member of the Financial Conduct Authority, said if the government wants to meet dual goals of “pot for life” and improving retirement outcomes, the best model would have been...
...His firm was found to have a 100 per cent deficiency rate in audits inspected by the Public Company Accounting Oversight Board, the Colorado state board of accountancy fined him $5,000 earlier this year...
...The meeting was broadcast to employees worldwide but closed to the media....
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