In The News
Macquarie Asset Management and Ontario Teachers’ Pension Plan Board have acquired an about 32% stake in Puget Holdings from Canada Pension Plan Investment Board for an undisclosed sum.
Phoenix City Council recently took a step toward chipping away at a nearly $3.2 billion accrued pension liability for police and fire retirees.
Chicago owes $32.9 billion to its four employee pension funds representing police officers, firefighters, municipal employees and laborers, according to the 2020 Certified Annual Financial Report — an increase of nearly 3.5% from 2019.
Pension funds are seeing increased demand for environmental, social, and governance-focused investments, say Seyfarth Shaw attorneys Candace L. Quinn and Linda J. Haynes. They look at the state of regulation of public and private pension funds and say the need for more detailed ESG and sustainability information, and a framework for investors is clear.
H Venture Partners’s debut fund invests in science-based brands that address fundamental human needs, disrupt billion-dollar categories and transform the way we live our lives.
Since putting into an endowment $985.9 million of the $1.165 billion it received in an upfront payment as part of a 50-year deal to let a private collaborative operate its utilities system, the University of Iowa’s P3 investment fund has increased $139.9 million, officials told The Gazette.
Small-cap stocks have been on a tear since last fall, with the Russell 2000 index ending June with its ninth consecutive month of gains, its longest monthly winning streak since at least December 1986.
Puerto Rico’s fiscal oversight board has asked a federal judge to overturn a law signed last month creating a new public employee retirement fund for the island, saying the law would overwrite the board’s restructuring plan to create a system that is doomed to crash.
The Virginia Retirement System Trust Fund has topped $100 billion, a historic high that represents a dramatic turnaround from a year ago.
“Just selling does nothing to address climate change, as ownership of the funds are just being transferred to someone else,” says one state pension fund official.
