Watch breaking news videos and read news updates about Energy on pionline.com
Fort Worth Employees terminates 2 managers
trueFort Worth (Texas) Employees' Retirement Fund terminated two managers, said Joelle Mevi, executive director and chief investment officer, in an e-mail.
Canadian pension funds in 'climate denial' — report
trueThe 20 largest provincial pension funds in Canada are exposed to a “wide range of risks” associated with their fossil-fuel holdings, said a report Tuesday by the Canadian Center for Policy Alternatives.
Climate change risk could erode nearly half of portfolio value, report warns
trueInvestment portfolios could lose up to 45% of their value by 2020 through economic shocks caused by shifts in investor sentiment on climate change, and only half of those losses can be offset by a change in asset allocation, a new report warns.
ITG to sell energy research business to Warburg Pincus
trueInvestment Technology Group on Thursday said it agreed to sell its energy research unit to private equity firm Warburg Pincus for $120.5 million in a cash deal.
Florida SBA earmarks $865 million for 9 managers
trueFlorida State Board of Administration, Tallahassee, committed a total $865 million to nine managers, including $200 million to Blackstone Tactical Opportunities Fund II.
Intel sued over hedge, private equity fund investments in DC plans
trueA former Intel Corp. employee is suing officials at the Santa Clara, Calif.-based company for allegedly breaching their fiduciary responsibilities by investing defined contribution participants' retirement money in “risky and high-cost” hedge funds and private equity funds.
Canada Pension Plan enters into oil and gas, industrial development joint ventures
trueCanada Pension Plan Investment Board, Toronto, announced on Thursday it entered into two joint ventures, one acquiring a Colorado oil and gas field and one investing in logistics and industrial development in the U.K.
Canada Pension Plan to pour C$1 billion into energy assets in new joint venture
trueCanada Pension Plan Investment Board agreed to invest more than C$1 billion ($756 million) in western Canada energy assets in a joint venture with energy infrastructure developer Wolf Infrastructure, said Dan Madge, CPPIB spokesman.
Orange County Employees places $100 million with Kayne Anderson, takes PIMCO off watch
trueOrange County Employees Retirement System committed $100 million to Kayne Anderson Capital Advisors for midstream energy investments, pending final due diligence and contract negotiations.
Commodities continue to slide
trueThe Bloomberg Commodity index is currently at levels not seen since 1999.
Contra Costa plugs into Ares energy fund
trueContra Costa County Employees’ Retirement Association committed $50 million to Ares Energy Investors Fund V, an energy infrastructure fund managed by Ares Management.
Arizona Public Safety allocates $371 million, names new retirement administrator
trueArizona Public Safety Personnel Retirement System made five new commitments and investments totaling up to $371 million.
Denver Employees slates $40 million for energy fund
trueDenver Employees Retirement Plan committed $40 million to Kayne Anderson Energy Fund VII, subject to successful contract negotiations.
Maine PERS commits to 2 funds
trueMaine Public Employees Retirement System, Augusta, made two new commitments totaling up to $100 million, said James Bennett, deputy chief investment officer, in an e-mail.
El Paso County reduces Tortoise's MLP portfolio
trueEl Paso County Retirement Plan reduced Tortoise Capital Advisors’ master limited partnership portfolio by half, leaving it with about $16 million.