Cal. State’s Controller Betty Yee Speaks from her Seat on CalPERS, CalSTRS Boards

Betty Yee, California’s 32nd state controller and chief financial officer, will this week deliver the Breakfast Welcome Address at Markets Group’s 6th Annual California Institutional Forum in Sonoma. Yee is a board member of the $346.8 billion California Public Employees’ Retirement System (CalPERS) and the $219.2 billion California State Teachers’ Retirement System (CalSTRS), the two …

IDB Launches LAC Gender-Focused Fund; Says Region Ripe for Impact Capital

IDB Invest, the private-sector arm of the Inter-American Development Bank Group (IDB) and the Overseas Private Investment Corporate ( OPIC) have  partnered to launch Fund Mujer, the first gender-focused fund for Latin America and the Caribbean (LAC), to invest in female entrepreneurs, companies with a significant share of women leaders, and firms that generate jobs or consumer products for women. …

Cybersecurity is a Bigger ESG Concern for Institutions than Climate Change, Terrorism

“Cybersecurity risk is now a board-level concern, and how companies both prepare and react – or don’t – can have long-term implications on share value,” Jennifer Peet, corporate governance director for the Office of Oregon Treasurer and the Oregon Public Employees’ Retirement Fund told IA’s Kaitlyn Mitchell. “Cybersecurity has been a growing concern for several …

Cambridge Report: Gender-Lens Investing Delivers Differentiated Investment Edge

Cambridge Associates has released a new report, Gender Lens Investing: Impact Opportunities Through Gender Equity, which offers institutional investors insight into investing using a “gender-lens” approach as a way to make a mission-related impact as well as diversify their portfolio’s risks and returns. “Diversity of thought and perspective can give you different opportunities and deliver diversification …

Community Foundation Doubles Up on Diverse Managers

The $13.5 billion Silicon Valley Community Foundation (SVCF) has more than doubled the number of diverse managers it has been using, since 2013, from three up to 14, Senior Vice President of Investments Bert Feuss told Institutional Allocator. “My hope is that other institutional investors, particularly university endowments and pensions, will see that greater asset …

bfinance Asset-Owner Survey Finds More Complex, Diverse Portfolios; Lower AM fees

Over the last three years, extending a trend that began in the wake of the financial crisis, the average institutional investor has transitioned its investment portfolio to one that is not only more complex and diverse, but which features a greater proportion of illiquid investments, according to the findings of the 2018 Global Asset Owner …

Inadequate Deal Structures Said to be Slowing Pensions’ Entrée to Impact Investing

Impact investing has piqued the interest of many forward-thinking pension funds, as a way to contribute to positive environmental and social change while also reaping significant returns.  But a lack of appropriately structured and sized investment vehicles may be holding many of them back from doing so. “One reason why impact investing has not drawn more …

Sexual Harassment is Institutions’ Top Emerging Due Diligence Target: IA Survey

Institutional investors surveyed by IA recently on the importance they attach to four ascendant asset-manager engagement due-diligence criteria indicated that they place the most importance on managers’ records on sexual harassment, followed in descending order of importance by their records on environmental, social and governance (ESG), cybersecurity and diversity. In response to a brief thought …

E&F’s Moving to Make Investments More Impactful

Environmental, Social & Governance (ESG) investing is all the rage in the institutional investor community. Increasingly, pension funds, endowments and foundations (E&Fs) and asset managers are demanding that the companies in which they invest start implementing ESG guidelines and policies, from the board level to management and all the way down to supply chain operations. …

NYC Pension Funds’ Push for Board Diversity Yields Impressive Results

The New York City Pension Funds’ (NYC Funds) “Boardroom Accountability Project 2.0” (BAP 2.0), an initiative that pushes for electing more diverse directors on the boards of public companies, has achieved engagement with over 85 of the 151 U.S. companies it has targeted, since the inception of the campaign. Over 35 of those companies are …