S&P 1500 Pension Funded Status Rises 2% in July
An increase in equity markets boosted corporate pensions’ funded status to 91%.
News
Corporate DB Funded Status Rises to 93.4% in July
Aggregate deficit falls $12 billion to $108 billion.
Turkey’s Scramble to Avert Financial Woes Met with Some Relief
The lira rallies with moves to curb betting against it and the introduction of new loan restructuring programs.
Church of England Pensions Board to Slash 50% of Its Public Equity
Agency to de-risk from stocks in favor of infrastructure, greater diversification.
All-Out Trade War Would Drop Stocks 20%, Siegel Says
Amid news of new trade talks with China, Wharton professor warns that worsening hostilities would trigger a bear-market plunge.
NYS Common Retirement Fund Gains 1.53% in First Fiscal Quarter
Period was the last full quarter with Vicki Fuller as CIO.
Two UTIMCO Key Funds See 1.4% Second Quarter Return
The Texas endowment's Permanent University and Long Term funds post gains of 5.8% over a 10-year period.
Bridgewater Ditches Facebook for Alibaba, Baidu, and Amazon
The world’s largest hedge fund pares stake in the social media juggernaut by 76% while refocusing its tech exposure.
Florida Retirement Systems Returns 8.98% in 2018
State pension fund assets surpass benchmark to reach $160.4 billion market value.
CalPERS Consultant Defends Forestland Sale
The pension lost around $500 million as it sold most of its portfolio.
4 Reasons that Pay Raises Are so Low
Productivity, industry concentration, working insecurity, and baby boomers make up Natixis economist’s list.
NJ Panel Calls for Overhauling Public Workers’ Pensions
Put beginning teachers and government workers into a hybrid plan to trim the state’s funding deficit, group says.
Inflation Outlook Isn’t that Bad, Ditto Rate Hikes
Even with core CPI the highest in 10 years, the number shouldn’t ‘spook’ the Fed, says Pantheon’s Shepherdson.
CalPERS Names New Controller
Michele Nix formerly was director of finance at the city of Columbia, Missouri.
Mercer Acquires Pavilion Financial, Summit Strategies Divisions
Mega-consultant looks to bulk up non-profit presence.