Hints and tips:
...and the California State Teachers’ Retirement System....
...This concern was highlighted by the Los Angeles County Employees’ Retirement Association, the $58bn US pension fund, in January....
...The RCP was championed by the New York City Employees’ Retirement System and North America’s Building Trade Union, whose members have hundreds of billions of pension assets....
...Other investment groups contacted include Vanguard, Prudential Financial and the California Public Employees’ Retirement System....
...Institutional investors increasingly regard these so-called ESG issues as part of long term risk management and of their fiduciary duty to beneficiaries....
...[AGM votes] are a client asset like any other and we as a fiduciary have a duty [to use them properly]....
...The Financial Conduct Authority on Thursday referred the entire investment consultancy and fiduciary management sectors to the Competition and Markets Authority, the antitrust body, citing “serious concerns...
...Calpers, America’s largest public pension fund, and the Ohio Public Employees Retirement System, were among the pension schemes that backed his resolution....
...New York City Employees Retirement System also cut its $1.5bn allocation in April, pulling money from struggling managers including Brevan Howard and Perry Capital....
...“Mainstream investors with a fiduciary duty to beneficiaries find it difficult to explain, if they are investing passively, why they are using anything other than the main benchmark....
...Employees are also being encouraged to contact small shareholders directly, reflecting management anticipation of an exceptionally tight vote....
...● The $4.4bn Ventura County Employees’ Retirement Association has hired Dan Gallagher as its new chief investment officer....
...Last year, also in California, the Orange County Employees Retirement Fund put together a group of small to midsized pension funds to invest together with a fund of funds....
...Wells Fargo is fighting a class-action lawsuit involving around 100 institutional investors initially filed by The City of Farmington Hills Employees Retirement System in the Minnesota District Court, and...
...In California, the $2.8bn Kern County Employees’ Retirement Association has a 6 per cent commodities allocation....
...Pension funds, with all their fiduciary responsibilities on behalf of employees, should be understandably cautious when it comes to investing in economically and politically fragile countries....
...Retirement System, a Michigan pension fund....
...The Illinois Teachers Retirement System, for example, gave Alger $225m to invest in an account benchmarked to the Russell 2500 Growth Index in January 2008....
...They also say that bondholders, including pension funds such as Calpers and San Mateo county, should not be punished at the expense of banks that made risky derivatives bets with Lehman....
...The group includes Goldman Sachs, Deutsche Bank, Morgan Stanley, Credit Suisse, Crédit Agricole, Royal Bank of Scotland, DE Shaw, Oaktree Capital Management and Silver Point Capital....
...In a filing to the bankruptcy court late on Wednesday, the informal group of 10 creditors, which also includes Western Asset Management and San Mateo County, proposes treating Lehman’s many subsidiaries...
...The first of the 401(k) lawsuits to make it to trial claims the Swiss engineering group ABB Inc and two units of Fidelity Investments are fiduciaries of ABB’s employee retirement plans and therefore defendants...
...Don Pierce, an investment officer at the $4.6bn San Bernardino County Employees Retirement Association, says all credit instruments, including emerging markets debt, are attractively priced these days....
...The capitalist manager’s retirement is tied more to corporate success as defined by profitability.”...
...Derivative Litigation (Arkansas Teachers Retirement System) In re Countrywide Financial Corp....
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