GLOBAL - A group of 14 global pension schemes and institutional investors have launched a study to look at the potential impact of climate change scenarios on strategic asset allocation.
A group of 17 global pension schemes, institutional investors and other organisations have launched a study to look at the potential impact of climate change scenarios on strategic asset allocation.
US - The California State Teachers' Retirement System is allocating an additional US$100m to inner-city and rural markets through the Banc of America Merrill Lynch Capital Access Fund.
US - California attorney general Edmund Brown has put pressure on the two largest California pension funds to "honour the state law" to divest from companies doing business in Iran.
US - Staff at the California State Teachers Retirement System want to expand the range of active versus passive management they can use in the global equity portfolio, stating the current policy is too restrictive.
US - Moody's Investors Services has downgraded the long-term credit ratings of the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) citing severe losses in assets.
GLOBAL - The World Bank has raised US$130m from institutional investors, including some of the world's largest pension funds, through its green bond issuance.
US - A Congressional vote yesterday cleared the way for pension funds and other shareholders to nominate board directors.