In The News
Investor inflows jump to $488 billion in first nine months of 2020.
A Texas state judge has invalidated part of Houston’s 2017 pension reform package, holding that the city can’t determine how much it will contribute to a firefighters’ pension fund.
A small Japanese pension fund known for its aggressive bets on alternative investments is changing tack.
The Tennessee Consolidated Retirement System finished the 2020 fiscal year with 4.94 percent investment return.
An ERISA plan manager can prioritize environmental or social goals with his or her own investments, but not with others’ money.
Smart becomes the second-largest recordkeeper operating in the U.S. by number of plans.
State Street Global Advisors has launches three funds targeting Paris-aligned reductions in carbon emissions, investing across global, US and European equities.
Coal-reliant Germany falls foul of first environmentally-weighted sovereign bond fund.
Pension fund officials argued in court filings that the plan’s 7 percent assumed rate of return on investment strips them of their ability to control the fund’s cost projections.
Madigan already faced similar scandals alleging he asked powerful corporations to hire people at his recommendation.