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.
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.
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.
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 AMFlorida 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 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.
Illinois State Board misses benchmark with -0.8% fiscal-year return
October 04, 2016 01:00:00 AMMilwaukee County 457 plan goes with RVK as new consultant
September 30, 2016 01:00:00 AMCorporate boards need regular change, CII conference attendees told
September 29, 2016 01:00:00 AMInstitutional investor coalition calls on companies to shift to plant-based proteins
September 26, 2016 01:00:00 AMCtW Investment Group calls on Wells Fargo to claw back pay, add new directors
September 23, 2016 01:00:00 AMCtW Investment Group on Friday called for Wells Fargo & Co. to claw back part of the incentive pay to Carrie Tolstedt, senior executive vice president of community banking, and add two new directors specializing in human resources practices, all actions to promote reform following recent settlements totaling $190 million over allegations of retail banking sales practices abuses.
Illinois State Board chooses Northern Trust for master trust, custody services
September 19, 2016 01:00:00 AMIllinois State Board of Investment hired Northern Trust for master trust and custodian services for both its $14.1 billion defined benefit plan and the $4 billion Illinois State Employees' 457 Deferred Compensation Plan.
Illinois State Board preps non-core real estate search, hires new target-date fund manager
September 15, 2016 01:00:00 AMWisconsin Investment Board seeking private equity consultant
September 08, 2016 01:00:00 AMIowa rehires Neosho Advisors as consultant for 529 plans
September 07, 2016 01:00:00 AMUniversity of Iowa Foundation posts 1.8% loss in latest fiscal year
August 24, 2016 01:00:00 AMUniversity of Iowa Foundation's investments lost 1.8% in the fiscal year ended June 30.