June 2022
14Jun

US. New York State Common allocates $350 million for in-state co-investments

New York State Common Retirement Fund, Albany, committed $350 million total to a pair of investment funds through its In-State Private Equity Investment Program. The pension fund committed another $50 million to the Hudson River Co-Investment Fund III, in addition to the $300 million previously committed, confirmed Mark Johnson, a spokesman for Thomas P. DiNapoli, the state comptroller and sole trustee of the $279.7 billion pension fund. The pension fund also announced a $300 million commitment to the new Hudson River...

June 14, 2022
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13Jun

Pension investors launch campaign against dual-class share structures

Leading UK and U.S. pension investors managing more than $1 trillion have launched a campaign to stop companies using dual-class share structures that concentrate voting power in the hands of certain shareholders at the expense of others. Launched by British railways pensions scheme Railpen and the non-profit Council of Institutional Investors (CII), others backing the Investor Coalition for Equal Votes (ICEV) include the New York City Comptroller's Office and the Washington State Investment Board. Companies with dual-class structures have two or...

June 13, 2022
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13Jun

Pension funds are exploring to step in crypto

Grayscale CEO Michael Sonnenshein same that a lot of pension fund corporations are wanting to feature crypto to clients’ portfolios. Talking with CNBC, Grayscale CEO Michael Sonnenshein said there’s still interest in we tend toll as together with cryptocurrencies in people’s pension portfolios, despite the recent market volatility. He noted that more pension funds are exploring the chance, whereas keeping one eye on the restrictive landscape. In keeping with Sonnenshein, we are defrayal time with politicians and a few of...

June 13, 2022
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10Jun

U.S. prohibits investors from buying Russian debt, stocks

U.S. investors are prohibited from buying both new and existing debt and equity securities issued by an entity in the Russian Federation, according to new Treasury Department guidance. The guidance released Monday clarifies that executive orders signed this year by President Joe Biden encompass bans on Americans purchasing all Russian debt and Russian company shares. U.S. investors are still allowed to hold Russian securities they already hold and purchasing shares in a U.S. fund that contains Russian debt or equity securities...

June 10, 2022
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10Jun

Five metrics to help investors point their investments toward impact

Do you come from the financial sector? Do you have a genuine interest in impact? Did your firm put you in charge of a small fund and ask you to explore impact investing, hoping you would learn and figure things out along the way? If you feel confident in your ability to make good financial decisions – but wish you had had a chance to develop an instinct for impact honed by years of interaction with impact organizations –...

June 10, 2022
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08Jun

German government to set minimum pension fund investment quota for VC allocations

The German Federal Ministry for Economic Affairs and Climate Action (BMWK) is planning to set a minimum investment quota for venture capital investment allocations by public and private pension plans, according to a report by Investment & Pensions Europe. The proposal would result in a total of €30 billion invested in VC funds as the government looks to boost the amount of capital available to start-ups. The German Federal Ministry for Economic Affairs and Climate Action (BMWK) has drafted a start-up...

June 8, 2022
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07Jun

US. Bitcoin Or Bulls For My Pension Plan?

In the long run, tokenisation is going to change everything. I suppose, like most people, the most important financial decisions that I make are with respect to retirement savings. Therefore I try to stay abreast of developments in the sector. Hence I note with interest that one of the serious players in this space, Fidelity (the largest retirement plan provider in the U.S.), are launching a 401(k) cryptocurrency product. Roughly 23,000 companies use Fidelity to administer their retirement plans, and...

June 7, 2022
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06Jun

Investors put new weight behind ESG mandates

Institutional investors have focused on ESG for many years, but the industry may be reaching a tipping point in terms of the specificity and sophistication of ESG mandates. Against a backdrop of increasingly hard to ignore climate risks and social unrest brought on by the Covid-19 pandemic, the death of George Floyd and the war on Ukraine, institutions are moving away from passive exclusion strategies and leveraging new data to engage with management teams, set specific goals and measure...

June 6, 2022
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06Jun

US. Pension Funds Push for More Disclosure Rules for Private-Equity, Hedge Funds

Pension plans and other institutional investors are embracing a federal proposal that would force hedge funds and private-equity funds to provide more disclosures to investors. University endowments, insurance funds and retirement funds serving teachers and firefighters are urging the Securities and Exchange Commission to move forward with a proposed rule that would ensure private-fund investors receive annual audits and quarterly statements. The rule, which has been heavily criticized by the private funds and Republicans, would also prohibit fund managers from...

June 6, 2022
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03Jun

Pension funds lead the way on ESG in Africa

Discussion on attracting much-needed investment into Africa has generally focused on non-African sources: foreign firms, multilateral financial institutions and non-African institutional investors. Yet far greater attention is now being paid to investment funds based within the continent itself. As African pension and social security funds grow in size, they have the potential to support more African companies and projects. They can ensure that they maximise the benefits of this investment by building environmental, social and governance (ESG) principles into their...

June 3, 2022
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