The Council of Institutional Investors has called for the Securities and Exchange Commission to pursue a re-hearing of a controversial proxy access rule that would have bolstered shareholder rights but was recently defeated in a legal challenge.
Despite European public equity markets tumbling, private equity is yet to experience the sharp downturn it suffered in the last financial crisis, with investors still showing interest in the strongly performing asset, said independent alternative assets research firm Preqin.
While a flight to quality characterised the response of investors to the previous financial crisis, the latest figures on capital flows reveal that the new risk-off landscape could involve a wider search for safe havens, following the recent market tumble.
The Teacher Retirement System of Texas has reviewed the benchmarks it used to calculate investment staff compensation after concerns were raised over the level of bonuses it paid to senior staff earlier in the year.
CalPERS has instigated an extensive review of its environmental, social and governance policies and practices and its move towards fuller integration of ESG factors into its investment decision-making which will include an overhaul of its procurement policies for external managers.
China experts are predicting the country’s growth will slow in the medium- to long-term as the government undertakes the difficult task of rebalancing the economy away from its dependence on investment and exports.
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