Chicago Teachers explores search for passive core fixed-income managers
January 03, 2017 12:00:00 AMChicago Public School Teachers' Pension & Retirement Fund has issued an RFI for managers to run up to $400 million total in passive core fixed income.
Global political risk, currencies to drive economy
December 26, 2016 12:00:00 AMWisconsin Investment Board allocates $940 million to 10 managers
December 22, 2016 12:00:00 AMState of Wisconsin Investment Board has invested or committed a total of $940 million in hedge funds, real estate and private equity in the three months ended Sept. 30, a report shows.
William Blair Investment Management
December 12, 2016 12:00:00 AMFor William Blair Investment Management LLC, the key elements in building a global investment management firm are its people and its corporate culture promoting teamwork that is entrepreneurial, collaborative and collegial. The Chicago-based firm, a four-time winner in Pensions & Investments' Best Places to Work in Money Management survey, embraces meritocracy, “encouraging people to put forward their best” and compensating them well for doing so, said John R. Ettelson, president and CEO.
BlackRock
December 12, 2016 12:00:00 AMGetting its corporate arms around a U.S. institutional investment-related workforce of 2,095 to promote a culture of putting clients first, while trying to balance the professional development and personal lifestyle of employees is a challenge BlackRock Inc. embraces.
Iowa to put $1.3 billion in alternatives commitments up for grabs, eyes smart beta allocation
December 05, 2016 12:00:00 AMIowa Public Employees' Retirement System authorized or is considering searches in four separate asset classes that could involve upward of $1.3 billion in assets total over the next year.
Wells Fargo agrees to separate chairman and CEO roles after pressure from asset owners
December 02, 2016 12:00:00 AMWells Fargo & Co. will separate the chairman and CEO roles, a move adopted after the Connecticut Retirement Plans & Trust Funds and four other institutional investors jointly filed a shareholder proposal calling for the company to adopt such a board leadership structure.
Johnson Controls charges up $311 million pension contribution for current fiscal year
November 29, 2016 12:00:00 AMJohnson Controls Inc. expects to contribute $311 million to its defined benefit plans in its current fiscal year, ending Sept. 30, 2017, up 127% from the previous fiscal year.
Investment consultants try to keep clients grounded in reality
November 28, 2016 12:00:00 AMInvestment consultants face challenges as bearers of bad news in assisting asset-owner clients grappling with lower capital market expectations that are pushing them to extend risk exposures to reach assumed returns.
CFA Institute gives ESG expanded weight in exam
November 28, 2016 12:00:00 AMThe CFA Institute is bolstering the environmental, social, governance curriculum in its Chartered Financial Analyst examinations.
Florida looking for pool of auditors for internally managed real estate portfolio
November 22, 2016 12:00:00 AMInvestment pros share lessons learned in 30 years of work
November 21, 2016 12:00:00 AMMarket's post-election moves leave little room for bargain hunting
November 21, 2016 12:00:00 AMU.S. assets managed under ESG principles up nearly 33% — US SIF report
November 14, 2016 12:00:00 AMU.S.-domiciled assets under management invested under environmental, social and governance factors totaled $8.72 trillion at the start of 2016, a 32.7% increase from the start of 2014, according to a report from the US SIF Foundation released Monday.
Principal tops rankings of proxy voting aligned with climate-risk mitigation issues
November 02, 2016 01:00:00 AMPrincipal Global Investors ranked first among 30 of the largest investment managers in casting proxy votes to align with climate-risk mitigation issues at companies with large carbon footprints in the oil and gas and utility sectors, said a report from 50/50 Climate Project released Wednesday.
Chipotle targeted by shareholder proposal calling for independent chair
November 01, 2016 01:00:00 AMIowa pension, endowment funds launch divestment services search
October 31, 2016 01:00:00 AMIowa Public Employees' Retirement System and four other state systems are searching for a firm to provide divestment services to comply with a state statute prohibiting investment in companies engaged in boycotts against Israel.
Florida State Board commits $687 million to 6 funds
October 31, 2016 01:00:00 AMFlorida State Board of Administration, Tallahassee, committed $687 million to funds of six managers.
Florida Retirement System lowers assumed rate of return 5 basis points to 7.6%
October 27, 2016 01:00:00 AMFlorida Retirement System lowered its long-term assumed rate of return to 7.6% from 7.65%.
SEC proposes rule change for universal proxy-voting cards
October 26, 2016 01:00:00 AMThe Securities and Exchange Commission on Wednesday proposed rule changes to require so-called universal proxy-voting cards that would include the names of all management and dissident nominees to corporate of boards of directors.
Illinois State Universities Retirement chooses new executive director
October 17, 2016 01:00:00 AMChicago Teachers Union deal with board will ax pension pickup for new employees
October 11, 2016 01:00:00 AMHarvard, MIT professors win Nobel prize in economics for research on contract theory
October 10, 2016 01:00:00 AMTwo U.S.-based academics — Oliver Hart and Bengt Holmstrom — were named co-winners of the 2016 Nobel prize in economics for their pioneering and separate research on contract theory that includes influencing corporate governance and shedding light on setting CEO performance-based pay.
CtW wants major banks to examine incentive pay, client service practices
October 06, 2016 01:00:00 AMNYC Retirement Systems call on companies to disclose supplier diversity programs
October 06, 2016 01:00:00 AMThe five New York City pension funds called on Alphabet Inc., Facebook Inc., Goldman Sachs Group Inc., Starbucks Corp. and 12 other companies to disclose details about their supplier diversity programs, said a news release Thursday from Scott M. Stringer, New York City comptroller who oversees the assets of the pension funds.