New research has shown that trustees of defined benefit schemes saw an average return of 13% on investments last year, buoyed by strong equity performance.
Why it's important: Because nearly everywhere except America sees pension funds moving into environmental, social, and governance investing – and every year
this trend continues, America is left further behind.
According to an anonymous source familiar with the Federal
Reserve’s thinking, hedge funds, beset with recent worries, are likely to
escape the key “systemically important” designation that would be accompanied
by rigorous Fed oversight.
Following a nearly year-long review, the biggest US public pension has OK'ed a new asset allocation to position the fund for better risk-adjusted performance.
In the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pensions, the global consulting and actuarial firm showed these plans experienced a $22 billion decrease in pension funded status for the month of November.
From aiCIO Magazine: It is a curious twist of historical fate: Two bodies established to
enshrine the past of an impoverished nation are the forerunners of a
very wealthy future. Nick Lord reports.
From aiCIO Magazine: Is the failure to rebalance an institutional portfolio “the height of irresponsibility,” or, as some think, not a failure at all? Joe Flood reports.