NYC pension funds demand tougher clawback provisions
New York City Comptroller John Liu has rallied NYC pension funds in a call for high profile firms JPMorgan, Goldman Sachs and Morgan Stanley to beef up clawback provisions for senior executives.
New York City Comptroller John Liu has rallied NYC pension funds in a call for high profile firms JPMorgan, Goldman Sachs and Morgan Stanley to beef up clawback provisions for senior executives.
It seems all predictions for 2012 are predicated on the assumption that the mess in Europe doesn’t hit the global economic fan. But as money managers gaze into their crystal balls at what 2012 might hold, emerging markets, particularly Asia, seem a bright spot amid the gloom.
After a tentative agreement was achieved by global leaders in Durban in December more than 500 global investors will meet at the United Nations next week to discuss the investment needed to address climate change. The chief executive officers of CalPERS and CalSTRS, as well as the comptrollers of New York’s state and local public
Infrastructure co-investments will be a new area of focus for the $36.6 billion Alaska Permanent Fund, as reflected in changes to its strategic asset allocation last week.
The Alaska Permanent Fund Board of Trustees was educated on the changing risk profiles of emerging-market debt at its meeting in February, with chair, Bill Moran, suggesting the asset class could have a greater role in the fund’s portfolio in the future.
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