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New York City Pension Hires Risk and Compliance Officers As Part of Ethics Reform

New York City’s pension system has made a series of hires recently as part of an ethics package proposed by City Comptroller Scott Stringer in 2014. The system has hired an internal auditor, a chief risk officer and a chief compliance officer. More from ai-cio.com: Miles Draycott, formerly at Merrill Lynch and Deutsche Bank, was appointed chief risk ...
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Study: Pensions Put Pressure on Private Equity to Formulate Environmental, Social Investment Policies

Research from the London Business School shows that the vast majority of large private equity firms – 85 percent – are feeling increased pressure from Europe’s institutional investors to incorporate environmental, social and governance (ESG) considerations into their investment policies and processes. Details from Investments & Pensions Europe: The ...
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Netherlands Regulator: Some Pension Funds Not Doing Enough to Manage Conflicts of Interest

The Nederlandsche Bank (DNB), the entity that regulates the Netherlands’ pension funds, is concerned that some pension funds have not implemented adequate policies protecting against conflicts of interest. From Investments and Pensions Europe: Most pension funds’ boards pay insufficient attention to potential conflicts of interest of policy makers, ...
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Canada Pension Funding Declined in 2014

The collective funding ratio of Canada’s defined-benefit pension plans declined by 2.7 percentage points in 2014, according to Aon Hewitt. From Benefits Canada: The median solvency ratio of 449 Aon Hewitt administered pension plans from the public, semi-public and private sectors stood at 90.6% at Dec. 31, 2014. That represents a decline of 0.5 percentage ...
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Report: Japan Pension Set to Benefit From Reforms

Japan’s Government Pension Investment Fund (GPIF) – the largest pension fund in the world – implemented numerous changes in 2014, including an asset allocation shake-up and the hiring of its first chief investment officer. A new report says the reforms will benefit the fund going forward. From Chief Investment Officer magazine: A report jointly ...
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CalPERS, CalSTRS Responds To Push For Coal Divestment

California Senate President Kevin de León said on Monday he would introduce a bill in 2015 that would require CalPERS and CalSTRS to divest from coal-related investments. CalPERS was the first of the funds to publicly respond to the bill. Summarized by Chief Investment Officer magazine: CalPERS responded strongly to the proposal, stating that “we ...
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Institutional Investors Bullish on Stocks, Alternatives in 2015

Institutional investors around the globe believe equities will be the best-performing asset class in 2015, according to a survey released Monday. Investors are also bullish on alternatives, but not as thrilled when it comes to bonds, according to the survey. The results summarized by Natixis Global Asset Management: Forty-six percent of institutional ...
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Survey: Pension Funds Looking to Increase Internal Asset Management

Pension funds across the world are looking to bring asset management responsibilities in-house, according to a recent survey by State Street. In addition, a majority of funds are thinking of turning to lower-cost investment strategies. From ValueWalk: Over the next three years, a whopping 81 percent of pension fund respondents said they are exploring ...
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Video: The Promise of Defined-Ambition Plans, and Lessons for the United States

The above talk was given by Lans Bovenberg (Tilburg University) at the 2014 Pension Research Council Conference; Bovenberg spoke about his research into “defined-ambition plans”, and whether similar ideas could work in the United States. Further explanation of defined-ambition plans, from the video description: Firms no longer act as ...
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CalSTRS Stepped Up “Green” Bond-Buying By 300 Percent In 2014

CalSTRS released its Green Initiative Task Force report on Wednesday. The report highlights the pension fund’s “environmental-themed investments” and risk-management efforts related to climate change. The report reveals that it increased its purchases of “green bonds” by 300 percent in 2014. Investopedia defines a “green bond”: These ...
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