The Washington State Investment Board (WSIB) has reported impressive returns for its defined benefit plan assets, which returned a net 5.2% for the fiscal year ended June 30. This exceeded the board's benchmark and demonstrates the successful management of the state's investment portfolio.
Despite promises to divest following the invasion of Ukraine two years ago, both Washington State and California still have millions of dollars invested in Russia. This raises questions about the ethical considerations of their investment strategies and the need for greater transparency in their decision-making processes.
Washington State's massive public pension system is currently exploring the sale of a multi-billion dollar portfolio of private equity fund stakes. This strategic move could potentially free up capital for new investment opportunities and optimize the state's overall investment strategy.
In a recent development, the $197.3 billion-managing Washington State Investment Board has committed up to $300 million to a pair of alternatives funds. This demonstrates the board's commitment to diversifying its investment portfolio and exploring new avenues for growth.
Dear friends and neighbors, the issues in our state transportation system are a pressing concern. As we navigate these challenges, it is crucial to ensure that the state's investments in infrastructure are aligned with the long-term needs of our communities.
WSIB is planning to make energy transition investments in Europe through a partnership with Schroders Greencoat. This strategic initiative highlights the board's commitment to sustainable investing and supporting the transition to renewable energy sources.
Marcie Frost serves as the chief executive officer (CEO) of CalPERS, becoming the ninth CEO to lead the Pension Fund. Her leadership will play a crucial role in shaping the future direction of one of the largest pension funds in the country.
An analysis of voting guidelines and records reveals gaps in director accountability and systemic risk at Democrat-leaning state investors. This highlights the need for greater oversight and transparency in the decision-making processes of state investment boards.
The California Teachers' Retirement System will bid farewell to its top investment executive in June. Christopher Ailman, who has served over 20 years in the role, leaves behind a legacy of strategic investment decisions and prudent financial management.
