The net-zero challenge
As more asset owners and managers commit to net-zero strategies, Roger Urwin outlines the challenges for investors including these additional tasks adding to the already stretched asset owner governance budgets.
NY Common joins allocator push on company AI transparency
The $273 billion New York State Common has upped the pressure on portfolio companies to report on how artificial intelligence usage is contributing to layoffs, as AI governance becomes a growing focus in the proxy voting and engagement activities of asset owners.
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AIMCo enhances top down strategy function
In October 2020 AIMCo, the C$118 billion Canadian fund appointed its first chief investment strategy officer splitting the investment function between the top down strategy and bottom up implementation responsibilities. Amanda White talks to Amit Prakash about how the new function will add valuable investment insights to clients.
CalPERS CIO comp under review
The CalPERS board will make a decision next week on whether to include a long-term incentive compensation element as part of an incoming CIO’s remuneration package, something that the fund's chief executive, Marcie Frost, said is a contributing factor to the fund putting its search for a new investment head on hold.
GPTB highlights transparency gaps
The Global Pension Transparency Benchmark has revealed the need for serious improvement in pension transparency across the globe.
Benchmark will help build trust
Transparency is an important link in improving pension delivery, and the Global Pension Transparency Benchmark will help lift transparency standards and ultimately trust in pension institutions, according to its advisory board.
CalPERS: Lessons from CIO departure
The CalPERS board is considering whether to require a new CIO to transfer all of their personal stock holdings into a blind trust while they are a CalPERS' employee. The move follows the resignation of Ben Meng as CIO last year after an ethics investigation related to some of his personal investments.
Governance