AP7 targets anti-climate lobbying
The $53.8 billion AP7 is using shareholder resolutions to push companies to reveal their true positions on the Paris agreement and other measures. Corporations are taking notice and changing.
Utah Retirement to pick PE managers
Utah Retirement Systems considers its strong balance sheet, history of long-term relationships with managers and nimble governance advantages as its search for GPs in private equity begins.
Alternative PE vehicles underperform
Alternative private equity vehicles underperform the associated main fund, new research from Harvard’s Josh Lerner and MIT’s Antoinette Schoar has shown for the first time – but skilled limited partners flip the script.
Pension funds want ESG guidelines
Not only are pension funds bringing ESG factors into decision-making, they are also starting to call for guidance in their efforts, the International Organisation of Pension Supervisors writes.
Inquiry hits Australian superannuation
Everything from charging dead people fees to trustees nixing mergers out of self-interest has emerged, as royal commission hearings have exposed big flaws in the world’s fourth-largest pension system.
CalPERS manages outsized equity risk
The $335 billion California Public Employees’ Retirement System warned this week that it is greatly exposed to a downturn in global equity markets, as it prepares to monitor active risk closely.
