In The News

In The News
CVC Capital Raises $1.6 Billion For Midmarket Tech Deals
11.13.19

Global buyout firm CVC Capital Partners has raised $1.6 billion to invest in growing technology companies, the latest in a wave of similar firms arming themselves with capital to back such businesses.

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Reputational Risk Drives ESG At Pension Funds More Than At Other Investors
11.13.19

Avoiding reputational risk drives pension funds to adopt environmental, social and corporate governance (ESG) “principles” more so than it does other types of institutional investors, a survey suggests.

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Bonuses Ford, GM Retirees Have Received For Years Vanish In New UAW Contracts
11.13.19

The 2019 contract ratified by 48,000 GM workers in October did not include a retiree bonus that the company has offered in the past. In 2015, it was a one-time $500 payment for retirees.

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TEXPERS: Public Employee Pension Funds Set New Performance Record
11.13.19

The number of Texas state and local pension funds achieving Pension Review Board recommendations for overall financial health hit a new high in 2019, according to PRB data analyzed by the Texas Association of Public Employee Retirement Systems. In addition, for the first time in decades, no Texas pension fund has a target rate greater than 8 percent.

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Public Safety Pension Investment Returns Are Missing Targets -- By Nearly $1 Billion
11.12.19

Over the past five years, 642 public safety pension funds in the suburbs and downstate have received more than $3.2 billion in investment returns. However, those funds were expected to generate at least $4.1 billion from investments, a nearly $1 billion miss.

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Fossil Free Penn Members Shut Down Board Of Trustees Meeting
11.11.19

A protest by about 100 members of Fossil Free Penn shut down a Board of Trustees meeting on Friday, The Daily Pennsylvanian reports.

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Prudential Latest Recordkeeper To Face Self-Dealing ERISA Lawsuit
11.08.19

Plaintiffs challenge the use of proprietary products in Prudential’s defined contribution retirement plans, an arrangement they say impermissibly benefitted the company at the expense of plan performance.

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Individual Investors Pulled $20 Million From Fisher Investments Following Billionaire's Sexist Comments
11.08.19

Individual investors at Fisher Investments transferred $20 million from the firm the week after the billionaire made lewd comments at a conference, according to a research note from Mercer, an advisor to institutional investors.

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Illinois Senate President Backs Bill Merging Police, Fire Pension Funds
11.08.19

Momentum may be building to consolidate Illinois’ more than 640 downstate and suburban police and fire pension systems’ investments now that Illinois Senate President John Cullerton introduced a bill to do just that.

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Ivy League Endowments Make the Same Old Mistakes
11.08.19

Hedge funds and natural resources underperformed. New investments in private equity look no better.

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