Investment Archives - Page 68 of 143 - Pension Policy International

27MarMarch 27, 2023

Canadian pension funds embrace ESG

Large Canadian pensions are making “impressive” progress on sustainable investments, according to the second annual Canadian Pensions Dashboard for Responsible Investing. The report examines the progress major Canadian pension funds have made in integrating ESG factors into their governance from 2020 to 2022. In just one year, the number of funds that have made public net-zero portfolio emission commitments by 2050 or sooner has grown from two to nine, which now accounts for or $1.8 trillion or 81% of total...

March 27, 2023

NewsCanada, ESG, Investment

24MarMarch 24, 2023

Pensions and the Nordic Welfare Model

By Torben M. Andersen Within the frame of the Nordic welfare model, pension system design has taken very different routes. While the overall aims in terms of distribution and replacement rates are similar, the division of labour between defined benefit and contribution as well as pay-as-you-go versus funded schemes differs significantly. The main characteristics of the pension systems in the Nordic countries are presented, and outcomes relating to pension adequacy in terms of poverty and replacement rates are discussed. Specific...

March 24, 2023

Articles, Pension design2023, Adequacy, Investment, Pension Management, Sustainability

24MarMarch 24, 2023

S. Korea’s pension fund posts 8.2% investment loss for 2022

South Korea's National Pension Fund reported a -8.2% investment return for 2022 and a 6.1% drop in assets to 890.5 trillion won ($706.4 billion). Domestic equity in the portfolio accounted for the biggest loss at -22.8%, followed by overseas equity at -12.3%, according to a statement by the Jeonju-based pension fund on March 2. "Domestic and overseas equity portfolios experienced a sharp drop in value due to ongoing market volatility at home and abroad triggered by the prolonged war in Ukraine...

March 24, 2023

NewsInvestment, Returns, South Korea

22MarMarch 22, 2023

Sweden’s Biggest Pension Fund Loses $2 Billion in US Bank Crises

Sweden’s largest pension fund, Alecta, is facing losses of almost $2 billion as a result of a failed investment strategy that made it one of the biggest shareholders in two collapsed US banks and another that is embroiled in the ongoing banking crisis. The scale of the losses has become clearer since the private pension group sold all of its First Republic Bank stake at a loss of 7.5 billion kronor ($728 million), according to Chief Executive Officer Magnus Billing....

March 22, 2023

NewsInvestment, Pension Management, Sweden

22MarMarch 22, 2023

U.S. General Accountability Office probing collapse of St. Clare’s pension fund

The U.S. Government Accountability Office, an investigative arm of Congress, is probing the alleged mismanagement of a depleted pension fund that wiped out retirement plans for more than 1,100 former employees of the now-closed St. Clare's Hospital in Schenectady. State Assemblyman Angelo Santabarbara disclosed the federal investigation on Wednesday and said he learned of it this week during a meeting with staff members with the House Committee on Education and Workforce. They had met "to discuss potential federal solutions regarding...

March 22, 2023

NewsInvestment, Pension Management, supervision, US

22MarMarch 22, 2023

How Investors Can Prepare for a Recession

The likelihood that the U.S. enters a recession has been growing as the Fed continues to fight inflation by raising interest rates. Recessions, significant periods of broad decline in economic activity, are inevitable, but still occur relatively infrequently (the U.S. has only experienced seven recessions in the last 50 years). Compared to typical periods of economic expansion, recessions are also relatively brief, averaging roughly six months to two years in length. However, recessions can cripple household wealth and set investors...

March 22, 2023

NewsInvestment, US

21MarMarch 21, 2023

US. Biden uses first veto to defend rule on ESG investing

U.S. President Joe Biden on Monday rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change, in the first veto of his presidency. "I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country," Biden said in a video posted on Twitter. The bill cleared Congress on March 1, when the Senate voted 50-46 to adopt a measure to overturn...

March 21, 2023

NewsESG, Investment, Regulation, US

21MarMarch 21, 2023

European pensions increase ESG pressure on Asia property funds

Adoption of a real estate benchmark in Asia is increasing as leading European pension funds place reporting at the heart of their emissions reduction efforts. Pressure from investors outside Asia is increasing the quality and range of ESG data reported by Asian property funds, according to the leading global ESG benchmark for real estate. “There is increased pressure from asset owners who require their managers to participate in the annual benchmark, although this pressure mostly comes from non-Asian asset owners,”...

March 21, 2023

NewsAsia, ESG, Europe, Investment

21MarMarch 21, 2023

US. Some Public Pension Funds Are Pulling Back on Private Equity

Some U.S. public pension and investment funds are pulling back on private equity after a decade of state and local retirement systems aggressively pursuing the expensive, risky and hard-to-trade asset class. Maryland’s $65 billion retirement system is investing less new money in private equity. At Alaska’s $77 billion state fund, the investment chief wants to cancel a planned ramp-up. And the $615 million pension fund of Mendocino County, Calif., last month opted against introducing private equity to its investment mix. “We...

March 21, 2023

NewsInvestment, Public Pensions, US

17MarMarch 17, 2023

Pension Funds and Sustainable Investment: Challenges and Opportunities

By P. Brett Hammond, Raimond Maurer, and Olivia S. Mitchell Pension Funds and Sustainable Investment: Challenges and Opportunities responds to rising global interest in environmental, social, governance (ESG), and impact investing to generate positive impact while generating financial return. Contributors explore the pros and cons of pension ESG investments and discuss case studies from the US and around the world. The findings will interest researchers, management/advisory firms, financial advisors, asset owners, and policymakers Read book here

March 17, 2023

Books, Books, Investment, Pension Management2023, Climate crisis, ESG, Investment, Pension Management

March 2023