IA Strategy: Minnesota Endorses $1B Private-Markets Recommendation

The Investment Advisory Council of the Minnesota State Board of Investment (MSBI) has given the thumbs up to a staff recommendation that MSBI make commitments to eight private equity funds, totaling approximately $1 billion.    At a May 20 meeting, the Investment Advisory Council, which provides advice to the $96 billion MSBI and its Executive Director, …

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 …