A report, which says their investments have underperformed since the 2008 financial crisis and are costly, suggests officials should switch to purely passive investing.
The Detroit police and fire pension fund is suing Rocket Cos. chairman and real estate mogul Dan Gilbert in Delaware, alleging he traded on insider information in a $500 million stock sale.
Two new net-zero announcements from Canadian pension funds show that investors are beginning to understand the dangers the climate crisis poses to their investments and the planet.
Of the thousands of hedge funds, only about 80 are led by women today, according to the Kresge Foundation, a Troy, Mich.-based philanthropy that tracks diversity of managers.
Margaret Brown’s final public meeting may have been this month, but the defeated CalPERS board member and pension plan critic isn’t going away quietly.