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US Department of Labor slams OECD on ‘Marxist’ ESG policies

The US Department of Labor has publicly condemned the OECD for “pushing members to politicise their pension systems by integrating ESG factors unmoored from returns”, declaring that it will no longer support the OECD's responsible investment principles and the concept of ESG "a Marxist march through corporate culture". 
Asset Classes

OMERS flags end to supercharged private equity returns

OMERS has warned that investors need to temper their expectations regarding the performance of more recent private equity vintages, as the favourable environment of high valuation multiples and low interest rates that spurred over a decade of superior returns begins to fade, said APAC head Ashish Goyal in Singapore.
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CPP hires former AIMCo Singapore head to bolster TPA 

After hiring former CalPERS' investment chief Ben Meng six months ago, Canadian pension giant CPP Investments has added another seasoned pension executive, Kevin Bong, to its investment team, in a sign that the C$732 billion ($530 billion) behemoth is staffing up to focus on alpha and enhance total portfolio management.
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High-stakes succession at US Fed brings investors to crossroads

Donald Trump’s next appointee as the Federal Reserve chair will be a defining moment for global investors, potentially escalating current market caution into a widespread exit from US assets, warns leading Stanford economist and finance academic Ross Levine. He outlines how the choice would impact the US debt and currency.
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