SS&P Global Ratings will add a new emphasis on environmental, social and governance (ESG) evaluations of corporations within its issuer credit rating reports. “What we are doing is making it easier for a reader [of our reports] to find any credit-related ESG factors that are driving the credit rating,” said Nicole Martin, senior director, sustainable …
Investors’ Long Day’s Journey into Africa Investing Continues The approximately $11 billion Chicago Teachers’ Pension Fund (CTPF) evidently was attentive and took careful notes as part of a delegation of investors that visited South Africa in the spring of 2017, and Senegal and South Africa one year later. The upshot: At its Jan.17 board meeting, …
Charles “Chuck” Burbridge is executive director of the approximately $11 billion Public School Teachers’ Pension and Retirement Fund of Chicago (Chicago Teachers or CTPF). Boasting a 40-year-plus professional career in economics, finance and academia (he was twice an adjunct professor), Burbridge has witnessed myriad changes in pension fund administration and investment, lending him a clear-eyed perspective acquired only by long service. It’s the kind …
With a goal of hitting a 100% funding, the San Diego City Employees’ Retirement System (SDCERS) has adopted a new unfunded actuarial liability (UAL) contribution floor amortization for the City of San Diego and the Port of San Diego pension plans. This new UAL contribution floor amortization method complements the existing 15-year amortization period for …
The Winter 2019 edition of Market Group‘s quarterly magazine, Institutional Allocator, is here! Click here to download the magazine Welcome to Volume 2 Edition 1 of Institutional Allocator’s quarterly magazine. For this quarter’s cover story of IA, Editor Mark Fortune and Managing Editor Leslie Kramer took a look at the state of U.S. pension plans’ funding status, …
Jim Steinbugl, an investment officer who worked on private equity and other asset classes at Johns Hopkins University’s endowment, has departed the endowment to join Penn State University’s endowment, David Branigan, chief executive officer, Office of Investment Management at Penn State, confirmed. “Yes, we hired Jim into a new position a couple of weeks ago,” …
