How Pension Funds Can Survive Volatile Markets | Newsmax.com

Former CalPERS trustee Dana Hollinger, writing with Jackson Eisenpresser, tells pension fund managers to begin with making sure they have enough liquidity for their projected payouts, and then think about alpha. Private-market returns have never been more critical in meeting future liabilities. The yield must come from real assets, infrastructure, and private credit and extending…

US government pension fund urged to reverse China investment | Financial Times

Senior US senators are demanding that one of America’s biggest government pension funds reverse a decision that is set to channel billions of US dollars into funding Chinese companies that they say support Beijing’s military, espionage and domestic security efforts.The demand shows how the US-China rivalry, which has thus far focused mainly on trade war…

Why Isn’t Your Mutual Fund Sticking Up for You?

Delaware Supreme Court Chief Justice Leo E. Strine Jr. and Harvard Kennedy School professor Antonio Weiss want mutual funds to consider the same long-term issues raised in the BRT stakeholder statement: Growing inequality and stagnant wages are forcing a much-needed debate about our corporate governance system. Are corporations producing returns only for stockholders? Or are they…

A $750 Billion Midwest Fund Group Pushes for Board Diversity – Bloomberg

A group of 11 pension and union funds with a collective $750 billion in assets has picked up the mantle [on board diversity in small and mid-size companies]. Called the Midwest Investor Diversity Initiative, the group, which includes the United Auto Workers Retiree Medical Benefits Trust, the Illinois State Treasurer’s Office and the Ohio Public…

Rescuing Retirement: A Bold New Proposal

VEA Vice Chair Nell Minow attended a meeting on Capital Hill to discuss a new proposal for a portable retirement account available to all workers.  Some of the highlights: By 2050, if we make no changes, 1/3 of the elderly will be living in poverty.  This is “an issue for everyone,” said Randi Weingarten, President…

Nell Minow on ERISA, the Trump Executive Order, and ESG

VEA Vice Chair Nell Minow writes on the Harvard Law School Forum on Corporate Governance and Financial Regulation about the Labor Department’s review of ERISA fiduciaries and ESG under the Executive Order issued last month by President Trump. She wrote: ERISA, the 1974 law that governs pension funds, recognizes that the third parties who manage…

PIC struggles to improve quality of corporate governance

South Africa’s PIC pension fund adjusts its corporate governance priorities (emphasis added): More than half of the companies in which the PIC has a substantial investment ignore its views on the need for independent auditors.Almost half of them also ignore its view on what is, or is not, an acceptable remuneration policy, and a substantial…