Pension fund

OpenSpace Expands Strategic Capital with an Additional US$9M in Funding, Bringing Series D Total to US$111M

Retrieved on: 
Tuesday, August 9, 2022 - 5:00pm

SAN FRANCISCO, Aug. 9, 2022 /PRNewswire/ -- OpenSpace, the global leader in 360° jobsite capture and AI-powered analytics, today announced US$9M in additional strategic capital for its Series D round, bringing the total raised to US$111M. The investment comes from funds managed by existing investors Taronga Ventures and GreenPoint Partners, spotlighting OpenSpace's exciting opportunities to expand into new markets and use cases. The investment will be used to continue scaling the business and developing additional AI-powered technologies.

Key Points: 
  • "OpenSpace is fast becoming an industry standard, and we're pleased that we can continue to support this growth."
  • Amid market turbulence and a decrease in most venture capital funding , this additional investment demonstrates OpenSpace's strong position as an industry leader.
  • Canada's Public Sector Pension Investment Board (PSP Investments) and Ivanho Cambridge co-invested in OpenSpace through GreenPoint Partners' Technology Fund I.
  • "Alan will help propel OpenSpace to our next phase of growth and success," said OpenSpace CEO and co-founder Jeevan Kalanithi.

Generate Capital Announces Promotion and Hiring of Managing Directors

Retrieved on: 
Monday, August 8, 2022 - 2:31pm

Generate Capital, PBC, a leading sustainable infrastructure investment and operating platform, today announced two internal promotions and two external hires to its investment team.

Key Points: 
  • Generate Capital, PBC, a leading sustainable infrastructure investment and operating platform, today announced two internal promotions and two external hires to its investment team.
  • Generate is also pleased to announce two new senior-level additions to its Credit and Investments teams, Greg Richards and Alex Raksin:
    Greg Richards Managing Director, Credit
    Greg Richards joins Generate to advance the Generate Credit business.
  • Alex Raksin Managing Director, Investments
    Alex Raksin joins Generate to lead investments across the sustainable infrastructure markets.
  • Generate Capital, PBC is a leading sustainable infrastructure company driving the infrastructure revolution.

InvestChile Launches New Investor's Guide in Portuguese

Retrieved on: 
Monday, August 8, 2022 - 2:00pm

Published online, the step-by-step guide is designed to serve as a "roadmap" for companies considering Chile as a potential destination for investment.

Key Points: 
  • Published online, the step-by-step guide is designed to serve as a "roadmap" for companies considering Chile as a potential destination for investment.
  • "At InvestChile, we understand that cultural differences, mainly in terms of language, can be narrowed in these times of greater connectivity and globalized business.
  • In this context, our new 'How to Invest in Chile' investor's guide aims to facilitate business information and investment opportunities to Brazilian companies in their own language," saidKarla Flores, the recently appointed director of InvestChile.
  • With 14 chapters that include legal and commercial matters, the guide in Portuguese is available here .

TEAMSTERS: EGREGIOUS NLRB RULING AGAINST MINE WORKERS THREATENS AMERICA'S WORKFORCE

Retrieved on: 
Friday, August 5, 2022 - 7:43pm

UMWA has made clear its intent to vigorously challenge the outrageous assessment of damages by the NLRB concerning mine workers' 16-month strike against Warrior Met Coal.

Key Points: 
  • UMWA has made clear its intent to vigorously challenge the outrageous assessment of damages by the NLRB concerning mine workers' 16-month strike against Warrior Met Coal.
  • "The Teamsters proudly stand with our brothers and sisters of the United Mine Workers of America to combat this assault on American workers by the National Labor Relations Board," said Teamsters General President Sean M. O'Brien.
  • "Are we simply going to strip hardworking Americans of their ability to organize, and of their freedom to strike corrupt employers?
  • Warrior Met Coal instigated the prolonged strike against mine workers after spending months refusing to bargain in good faith for a new contract.

TEAMSTERS EDGE CLOSER TO A NATIONAL WORK STOPPAGE AT COSTCO

Retrieved on: 
Friday, August 5, 2022 - 12:45am

WASHINGTON, Aug. 4, 2022 /PRNewswire/ -- Costco Teamsters are one step closer to a nationwide work stoppage following another day of contentious negotiations for a new national contract. The Teamsters are bargaining with the company this week for the first time since members overwhelmingly rejected Costco's "last, best and final" contract offer in June.

Key Points: 
  • More Than 17,000 Costco Teamsters Currently Working Under Expired Contract; Workers Planning Job Actions Across the Country to Send Message to the Company
    WASHINGTON, Aug. 4, 2022 /PRNewswire/ -- Costco Teamsters are one step closer to a nationwide work stoppage following another day of contentious negotiations for a new national contract.
  • "Our members at Costco will stand up for their rights and withhold their labor if necessary," said Sean M. O'Brien, Teamsters General President.
  • In May, the Teamsters Costco National Negotiating Committee unanimously recommended a "no" vote against the company's contract offer.
  • On June 21, Costco Teamsters rejected the national contract offer by over 93 percent.

Milliman analysis: Corporate pension funding decreases to 104.5% as liability increases outpace investment gains in July

Retrieved on: 
Thursday, August 4, 2022 - 5:30pm

SEATTLE, Aug. 4, 2022 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

Key Points: 
  • SEATTLE, Aug. 4, 2022 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
  • The Milliman 100 PFI funded ratio decreased from 105.9% on June 30, 2022, to 104.5% as of July 31.
  • The PFI projected benefit obligation (PBO) increased by $57 billion as discount rates dropped from 4.59% to 4.25% for the month.
  • To see Milliman's full range of annual Pension Funding Studies, go to https://www.milliman.com/en/retirement-and-benefits/pension-funding-studies .To receive regular updates of Milliman's pension funding analysis, contact us at pensionfunding@milliman.com .

Northern Trust Asset Management Launches Quantitative ESG Strategy for EMEA and APAC Investors

Retrieved on: 
Thursday, August 4, 2022 - 2:35pm

The intersection of high quality and highly rated ESG and quality factors means investors in this strategy may benefit from both factor-based investing and ESG characteristics.

Key Points: 
  • The intersection of high quality and highly rated ESG and quality factors means investors in this strategy may benefit from both factor-based investing and ESG characteristics.
  • Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments, so they can confidently realize their long-term objectives.
  • Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Belvedere Advisors LLC, Northern Trust Asset Management Australia Pty Ltd and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.
  • Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.

State of Illinois Selects Empower as Retirement Provider for Its State Employees

Retrieved on: 
Thursday, August 4, 2022 - 1:02pm

Empower announced today that the State of Illinois has chosen the nations second-largest retirement plan recordkeeper1 to manage its 457(b) retirement plan for its approximately 62,000 state employees.

Key Points: 
  • Empower announced today that the State of Illinois has chosen the nations second-largest retirement plan recordkeeper1 to manage its 457(b) retirement plan for its approximately 62,000 state employees.
  • The plan has approximately $4.9 billion in assets.2
    The State of Illinois Employees Deferred Compensation plan, overseen by the Illinois State Board of Investment and administered by the Illinois Department of Central Management Services, transitioned to Empower July 1, 2022.
  • Public employees have very unique roles, and we believe their approach toward successful retirement planning should be unique as well.
  • Empower refers to the products and services offered by GWLA and its subsidiaries, including Empower Retirement, LLC.

Kinston Railroad Commences Rail Operations

Retrieved on: 
Wednesday, August 3, 2022 - 10:00pm

JOPLIN, Mo., Aug. 3, 2022 /PRNewswire/ -- Kinston Railroad (KNR), a wholly owned subsidiary of Jaguar Transport Holdings (Jaguar), began rail operations on Aug. 1.

Key Points: 
  • JOPLIN, Mo., Aug. 3, 2022 /PRNewswire/ -- Kinston Railroad (KNR), a wholly owned subsidiary of Jaguar Transport Holdings (Jaguar), began rail operations on Aug. 1.
  • The railroad will interchange with Norfolk Southern in Kinston, N.C., and terminates at North Carolina Global TransPark, a 2,500-acre multi-modal industrial and business park.
  • Kinston is the ninth shortline railroad for Jaguar, who has partnered with OPTrust, one of Canada's largest pension plans.
  • Other Jaguar railroads include Charlotte Western Railroad, Missouri Eastern Railroad, Cimarron Valley Railroad, Southwestern Railroad, Washington Eastern Railroad, Oregon Eastern Railroad, Texas Eastern Railroad, and West Memphis Base Railroad.

TEAMSTERS PRAISE NEW FED AGREEMENTS MEANT TO BEEF UP ANTITRUST LAW ENFORCEMENT

Retrieved on: 
Wednesday, August 3, 2022 - 5:05pm

WASHINGTON, Aug. 3, 2022 /PRNewswire/ -- The Teamsters applaud the National Labor Relations Board (NLRB) for entering into agreements with two federal agencies to improve enforcement of antitrust law, promote fair standards of marketplace competition, and advance workers' rights.

Key Points: 
  • WASHINGTON, Aug. 3, 2022 /PRNewswire/ -- The Teamsters applaud the National Labor Relations Board (NLRB) for entering into agreements with two federal agencies to improve enforcement of antitrust law, promote fair standards of marketplace competition, and advance workers' rights.
  • "The Teamsters stand ready to provide information on industry-specific arrangements and conditions to advance an antitrust agenda that serves the needs of our members and working people."
  • The union will work with top U.S. antitrust officials committed to pursuing courageous and principled enforcement to protect workers from corporate lawlessness.
  • We are demanding respect and standing together to build power, and the Teamsters are going to make damn sure that our nation's antitrust laws are enforced."