Connect with us

Oregon Takes Page from the Canadian Public Pension Model

Published

on

Oregon State Treasurer Ted Wheeler

Oregon State Treasurer Ted Wheeler introduced Senate Bill 120 (Oregon) which would turn the US$ 74 billion Oregon Investment Council (OIC) into a public corporation. The public corporation would be called the Oregon Investment Corporation. The state legislation will also exempt the proposed investment corporation from certain laws that regulate government entities. By moving the budgetary authority from the state treasury to the proposed Oregon Investment Corporation, it will enable the entity flexibility in managing human resources.

The government of Alberta did a similar thing by creating Alberta Investment Management Corporation (AIMCo), so did British Columbia, British Columbia Investment Management Corporation (bcIMC). AIMCo and other Canadian public pension have developed large in-house teams in various asset classes such as real estate, private equity, and external equity management, saving money on management fees.

It would enable the proposed entity more flexibility, the power to enter strategic partnerships, change pay structures to attract more in-house capabilities, and save money on external manager fees.

Other interesting notes in the legislation include the governor of Oregon appointing four voting members to the board which can be removed by the governor with or without cause. The members must be qualified by training and experience in the areas of finance or investments.

Central Huijin Unit Eyes J&J Diabetes Business

Published

on

Sovereign wealth funds have increased their appetite for healthcare-related investments, according to a recent report issued by SWFI research. Johnson & Johnson (J&J), for a while, have been contemplating on possibly selling its diabetes care businesses. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Follow the Money – Episode 45

Published

on

This longer-than-normal episode covers a wide range of issues including such as sovereign wealth funds, bitcoin, cryptocurrencies, Indian real estate, ESG, investment exclusions, central banking and more.

EPISODE 45

Stream off Follow the Money

The views in this media are expressed by Michael Maduell and other participants and are not reflective of the Sovereign Wealth Fund Institute (SWFI).

Continue Reading

CalPERS Board Elects Priya Mathur as Board President

Published

on

The board of the California Public Employees’ Retirement System (CalPERS) elected Priya Mathur as board president. The current president Rob Feckner was named vice president of the board. Feckner previously served as board president and vice president.

Priya Mathur is serving her fourth term on the CalPERS Board of Administration. Mathur is a principal financial analyst for Bay Area Rapid Transit District (BART). Mathur represents public employees on the CalPERS Board, which she joined in 2002. She currently serves on four committees: Governance, Investment, Pension & Health Benefits, and Risk & Audit. She chairs the Pension & Health Benefits Committee and is vice chair of the Governance Committee.

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.