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Viewing stories published on September, 25, 2017. Click here to view latest.

Texas Teachers returns 12.9% for year, tops benchmark for all periods ended June 30

PENSION FUNDS -

PENSION FUNDS -

Texas Teacher Retirement System's net returns topped those of the pension fund's benchmark for every period ended June 30.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Cowen Investment Management hires head of strategy to expand capacity
German election shows political risk hasn't abated in Europe

ELECTIONS -

ELECTIONS -

A stronger-than-expected result for a right-wing party in the German general election is keeping political risk in European markets.

Real Estate -

Real Estate -

Devin C. Sullivan​ joined real estate money manager TA Realty as director of investor relations.
South Africa not looking for bailout from government pension fund, finance minister says

Investing -

Investing -

South Africa's finance minister denies the treasury is seeking money from the government workers' pension fund to finance struggling state companies.

PENSION FUNDS -

PENSION FUNDS -

The San Jose Police & Fire Department and Federated City Employees' retirement plans hired an executive recruiter in their search for a CIO.
Colorado PERA issues proposals to boost funded status

DEFINED BENEFIT -

DEFINED BENEFIT -

Colorado PERA proposed a number of reforms to reduce the $43 billion pension fund's risk profile and improve its funded status.
AIMCo provides secured loan to drilling firm, takes 10% stake in company

MONEY MANAGEMENT -

MONEY MANAGEMENT -

AIMCo has provided a C$215 million secured loan to contract drilling and well services firm Western Energy Services Corp.
Silver lining for ESG seen in U.S. withdrawal from Paris accord

ESG -

ESG -

The decision by President Trump to withdraw the U.S. from the Paris Agreement might not be as bearish for responsible investing as they appear.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Pieter Furnee was named global head of responsible investing for Deutsche Asset Management's global client group.
Swiss voters reject pension reform proposal

Legislation -

Legislation -

Swiss voters rejected pension reform aimed at stabilizing the mandatory occupational pension system and introducing pension flexibility.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Fadi Khoury was named executive director and head of Middle East and North Africa at BMO Global Asset Management.
12 consultants endorse Pensions Regulator stance on ESG

CONSULTANTS -

CONSULTANTS -

A group of consultants endorsed guidance by the U.K. Pensions Regulator stating retirement plans should take ESG into account in investing.
Commentary: Pension plans – bond discounting is not the problem

Industry Voices -

Industry Voices -

DB plan funding challenges persist. A new approach is required, but it relates to investment decision-making not liability measurement.
Umgeni Water funding risked by governance, Futuregrowth says

GOVERNANCE -

GOVERNANCE -

Governance lapses at Umgeni Water could jeopardize the state-owned utility's ability to raise financing, Futuregrowth Asset Management warns.