Latest News

Illinois Teachers chalks up 8.1% fiscal-year return, misses benchmark

Pension Funds

Pension Funds

Illinois Teachers' June 30 net returns were positive but trailed benchmark returns for most periods ended June 30.
Commentary: Appointing an interim CEO? Not surprising if you failed the corporate governance test

INDUSTRY VOICES

INDUSTRY VOICES

Research suggests better corporate governance helps companies avoid the pitfalls of appointing an interim CEO.
Fidelity International to advise ChinaAMC on target-date funds

Money Management

Money Management

Fidelity International and China Asset Management announced a strategic partnership under which Fidelity will advise ChinaAMC on target-date funds.
CalPERS elects to keep same CEO incentive plan

Pension Funds

Pension Funds

CalPERS will retain its current CEO incentive plan rather than switch to a plan that would have been based only on qualitative factors.
Washington Metro misses out on chance to switch to 401(k) for new hires

Pension Funds

Pension Funds

A bid by Metro to switch new hires to a 401(k) plan was left out of a contract with its largest union.
NYC Correction Officers' union president found guilty of bribery, conspiracy

Courts

Courts

Norman Seabrook, former president of the Corrections Officers' Benevolent Association in New York, was convicted of bribery and conspiracy.

ALTERNATIVES

ALTERNATIVES

D.E. Shaw Group hires University of Washington professor to head new machine-learning research group.
BNY Mellon Master Trust Universe up 0.63% in quarter, 7.66% in year

INVESTING/PORTFOLIO STRATEGIES

INVESTING/PORTFOLIO STRATEGIES

Plans in the BNY Mellon U.S. Master Trust Universe returned a median 0.63% and 7.66% in the three and 12 months ended June 30, respectively.
PennPSERS approves plan to reduce fees by $2.5 billion over 30 years

PENSION FUNDS

PENSION FUNDS

Pennsylvania Public School Employees' Retirement System passed a resolution to reduce the fees it pays to external money managers.
Buyout titan TPG to stay private, parting ways with KKR, Apollo

PRIVATE EQUITY

PRIVATE EQUITY

For years, TPG's co-founders flirted with the idea of selling shares in their own firm to the public, but are no longer considering it.
New York State Common gains 1.53% in quarter

Pension Funds

Pension Funds

New York State Common Retirement Fund returned 1.53% return for the three months ended June 30, the first quarter of the current fiscal year.
South Africa to investigate money manager Public Investment Corp.

MONEY MANAGEMENT

MONEY MANAGEMENT

South Africa's president will set up a commission to look into alleged improprieties at state-owned money manager Public Investment Corp.

PENSION FUNDS

PENSION FUNDS

Orange County Employees Retirement System is searching for a managing director, a new position in the investment department.

MONEY MANAGEMENT

MONEY MANAGEMENT

Scott Keller was named head of global investment management services for Europe, the Middle East and Africa at T. Rowe Price Group.
2018 proxy engagements focused on boards, compensation – Vanguard

ESG

ESG

Board composition and executive compensation were prominent themes in Vanguard's engagements with global companies in the 2018 proxy year.