REST Could Be First Australian Pension Fund to Invest in Crypto
CIO Andrew Lill said digital assets are a ‘very interesting and important part of our portfolio going into the future.’
News
Maryland to Launch Retirement Program in Summer 2022
MarylandSaves is the first state-sponsored automatic plan to provide income during retirement.
Fidelity, State Street Offer Retirement Plans With Income Streams
The SECURE Act has lifted barriers and made it easier for firms to offer annuities in retirement plans.
US Pension Buyout Sales More Than Triple in Q3 to $15.8 Billion
The pension risk transfer market is poised for a record-breaking year in 2021.
Boston to Divest From Fossil Fuels, Tobacco, Private Prisons
The city’s mayor signed a bill to eliminate the controversial investments by 2025.
Institutional Investors Launch ‘ESG Book’ to Standardize Sustainable Data
Their goal is to make sustainability data more widely available and comparable.
DOL Restores More Than $2.4 Billion to Plans, Plan Participants
Investigations led to over 16,000 defined benefit plan participants collecting more than $1.5 billion in owed benefits in fiscal 2021.
Pension Fund Sues Peloton Over Alleged False Statements
The lawsuit claims the fitness company and its executives lied about the prospects of post-COVID growth.
Florida Pensions Agree to Settle Perrigo Lawsuit for $31.9 Million
The complaint centered on a $1.9 billion Irish tax bill incurred by the pharmaceutical company.
Connecticut Reins in Public Pension Costs
The state general assembly forecasts $290 million in pension cost cuts by 2026 thanks to a volatility cap excess.
UK Government Considering Relaxing Fee Cap on AUM
If the change goes through, plans will have more freedom to invest in lucrative private equity and venture capital.
Crypto Promoter Charged With Scamming Investors Out of Millions
The SEC alleges Ryan Ginster promised ‘astronomical’ returns of 8% per day.
Exclusive: CIO Mansco Perry of Minnesota Is Retiring
The chief investment officer nearly doubled the state pension’s AUM to $130 billion in under 10 years.
Twitter Is Buzzing About This CalSTRS Stock Move
The pension fund increased its shares of AMC stock by 24% in Q3.
Massachusetts PRIM Proposes $1 Billion Investment to Boost Diversity in Managers
The pension fund’s board will vote Dec. 2 on whether to approve the recommendation from its investment committee.