CalPERS’ Deputy CIO Dan Bienvenue stepping down
Bienvenue is leaving to join private equity firm General Atlantic as managing director, leading the firm’s capital solutions initiatives for pension plans.
Institutional investments
WTW appointing Craig Baker chief investment strategist, Jon Pliner global CIO
Baker and Pliner will assume their new roles, effective Apr. 1.
Funded ratio of U.S. corporate pension plans declines 1.2% in February: report
Overall, the funded status of plans listed in Milliman’s index dropped by $13 billion in February.
OPTrust reports annual return of 9.6% in 2024, highlights gold as a key exposure
The fund’s risk management portfolio produced the strongest returns of 33.9%, largely driven by its exposure to gold.
Group of NY state senators asking comptroller to begin divesting state pension fund from Tesla
The letter noted Tesla’s volatile stock performance may pose an “increasingly perilous and financially unsustainable risk” to the pension fund.
CalPERS adding commitment to labor issues to proxy-voting guideline
In the updated guideline, the plan said it would hold “appropriate director nominees accountable at companies lacking human capital management related disclosures consistent with CalPERS’ Governance and Sustainability Principles and Labor Principles.'”
CPPIB hires former CalPERS CIO to lead active investments
Ben
Meng joins the Canadian plan from Franklin Templeton