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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.