OPTrust reports annual return of 9.6% in 2024, highlights gold as a key exposure
The fund’s risk management portfolio produced the strongest returns of 33.9%, largely driven by its exposure to gold.
Institutional investments
Group of NY state senators asking comptroller to begin divesting state pension fund from Tesla
The letter noted Tesla’s volatile stock performance may pose an “increasingly perilous and financially unsustainable risk” to the pension fund.
CalPERS adding commitment to labor issues to proxy-voting guideline
In the updated guideline, the plan said it would hold “appropriate director nominees accountable at companies lacking human capital management related disclosures consistent with CalPERS’ Governance and Sustainability Principles and Labor Principles.'”
CPPIB hires former CalPERS CIO to lead active investments
Ben
Meng joins the Canadian plan from Franklin Templeton