Los Angeles CIO Discusses Pension’s Unique Infrastructure Strategy
First-time approach to the asset class to utilize public-to-private.
News
Corporate Pensions Rebound After Q4 Decline
January effect helps boost asset returns and funded levels.
Contributions Are Stepping in the Right Direction, but Missing the Mark
Despite recent sponsor attempts to catch up, unfunded liabilities are getting out of hand, actuaries study finds.
People Moves Roundup
Aon Appoints Lambros Lambrou as Global CEO of Commercial Risk SolutionsAon has appointed Lambros Lambrou, as global CEO of Commercial Risk Solutions. Lambrou has worked within the risk management...
NYC Owns $1 Billion Stake in Amazon, Which Just Snubbed the Big Apple
The city’s five pension plans are major stockholders in the company that is escaping from New York.
Consultant’s ‘Less Optimistic’ View of Equities Leads Massachusetts to Consider Portfolio Re-Allocation
Board considers ‘incremental increases’ to private markets exposure to deliver long-term benefits.
Treasury Gets Benefits Reduction Happy
Approvals for multiemployer pension benefits cuts quickens under Mnuchin.
Illinois’ New Governor Installs Two Pension Taskforces
State crisis gets worse with new fiscal budget revelation.
SFERS Sees Positive Investment Returns
In a difficult investment environment, its 1.1% return so far in 2018-2019 fiscal year could be the envy of institutional investors.
Oil Prices Are Rising, Despite the US Shale Boom
Goldman Sachs study finds the OPEC production ceilings are, for once, effective.
CalPERS Continues to Make New Private Equity Commitments
The largest US pension plan made more than $1.35 billion in new commitments in private equity funds in the last quarter of 2018.
Reckless Pension Bosses Could Get Seven Years in Prison
UK introduces new criminal offense of ‘willful or reckless behavior.’
Court Dismisses Exxon Lawsuit over Climate Impact
Complaint alleged oil company’s fiduciaries violated ERISA.
Smart Beta ETFs Get Even More Popular
Brown Brothers Harriman study finds investors are now looking at them as defensive plays.
Danish Pension CEO Announces Exit Plans
Fund says early warning gives ‘plenty of time’ to find a successor.