United States – Page 7
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Opinion Pieces
Letter from US: ESG faces backlash in some US states over fossil fuels
Is there a backlash against the environmental, social, and governance (ESG) investing movement?
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News
Sampension to shift climate engagement towards real target-setting
Danish pension fund concludes long-running dialogues with two companies, resulting in ‘noticeable climate progress’
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Opinion Pieces
Letter from US: Liquidity tops the agenda for US pension plans
Monitoring and managing liquidity will be a major issue for many US pension funds in 2022. The risk of a liquidity crunch affects public systems above all, but corporate plans are not immune.
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Opinion Pieces
Letter from US: Crypto currencies gain a toe-hold in America’s 401(k) retirement plans
Crypto investing is not going to become mainstream any time soon in 401(k) plans. But the US retirement market is becoming more and more sophisticated – investors are becoming interested in digital assets, and asset managers, platform providers and consultants are all developing digital products and services.
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Opinion Pieces
Letter from US: University endowments setting the pace on fossil fuel divestment
US university and college endowments control more than $600bn (€517bn) of investments. Their policies often influence the behaviour of public pensions. So it is interesting to see whether Harvard’s recent decision to end its investments in fossil fuels will be followed not only by other universities but also by retirement systems.
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Features
Briefing: Insurance-linked securities
Hurricane Ida in late August and early September caused great damage to the southern coast of the US. Fortunately, for people in this area, insurance policies often cover destructions to their properties. Since covering such damage can lead to severe losses for insurance companies, they are keen to reinsure themselves.
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News
AP7 hails US class action win as lead plaintiff against China’s Luckin Coffee
Gröttheim calls case clear example of how AP7 holds companies liable for mistakes that hit shareholders
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Opinion Pieces
Letter from US: SEC looks towards mandatory ESG disclosure by companies
October will be an important month for investors and corporations as the Securities and Exchange Commission (SEC) will then propose new rules on climate change and other environmental, social and governance (ESG) issues.
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News
Pension funds, investors set grand plan to make steel sector decarbonise
‘Business as usual no longer acceptable,’ says Sweden’s AP funds ethics chief
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News
Growing foreign assets make Danish pensions an ‘export engine’, says IPD
Statistics show bigger swing to foreign assets for market-rate pensions than for average-rate side
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Opinion Pieces
Letter from US: Hybrid plans in focus
The move from defined benefit (DB) pension plans to defined contribution (DC) has been ongoing for years in the US, both in the private and public sector. But more recently many state and local governments have adopted hybrid designs.
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News
Norway’s SWF bemoans patchiness of US firms’ climate reporting
NBIM finds stronger climate reporting practices from tech, retail than banking and auto sectors
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Opinion Pieces
Letter from US: The rise of the new alternatives
Pension funds and other institutional investors used to invest in hedge funds aspiring to outperform public stock and bond benchmarks. Now, after years of disappointing performances, they have changed their attitude. They still invest in hedge funds, but the new expectation is simply to get a few percentage points above the return on zero risk investments.
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Asset Class Reports
US Equities: Challenges for US active managers
Active managers are grappling with several key themes as they deal with a concentrated market until recently buoyed by stimulus
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News
Norway’s SWF stands back from looming shareholder battle for Exxon
Largest proxy voting firm advises clients to vote for rebels
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Opinion Pieces
Letter from US: Aid without reform set to resolve the multi-employer pension plan crisis
Until March, The prospective collapse of multi-employer pension plans meant that over one million retired truck drivers, shop assistants, builders and other members of 186 schemes were at risk of losing their retirement benefits.
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News
Ilmarinen invests €170m in AXA low-carbon HY bond fund
Finnish pension insurer is seed investor in active ESG fixed income fund, which is ‘one of the first of its kind’
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Asset Class Reports
US high yield: A changing market
US high yield looks attractive against investment-grade credit although there are important changes for key sectors
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Opinion Pieces
Letter from US: Pension bonds raise concerns
The resurgence of interest in pension obligation bonds (POBs) is one of the effects of the pandemic on the US pension funds industry. Indeed in 2020 POB issuance reached its highest level in a decade, exceeding $6bn (€5bn), according to Municipal Market Analytics (MMA), an independent research firm focusing on the US municipal bonds.
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News
Nordic pension funds keep close eye on inflation trend
The Federal Reserve’s changed inflation goal feeds uncertainty about how and when US policymakers will step in