Chicago Public School Teachers' Pension & Retirement Fund has issued an RFI for managers to run up to $400 million total in passive core fixed income.

State 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 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 & 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 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 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.

Florida State Board of Administration, Tallahassee, committed $687 million to funds of six managers.

Florida Retirement System lowered its long-term assumed rate of return to 7.6% from 7.65%.

The 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.

Two 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.

The 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.

CtW 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 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.

University of Iowa Foundation's investments lost 1.8% in the fiscal year ended June 30.