UTIMCO Freezes Private Equity Expansion
CEO/CIO Harris to renegotiate fees with endowment’s managers.
Newsmakers
FCA to Require Disclosure of Pension Transaction Costs
New rules apply to managers of defined contribution plans.
PwC Rebukes Hong Kong Pension Fund
Review says underperforming Mandatory Provident Fund is overdue for an overhaul.
TPR Bans Trustees for Scamming Millions from Pensions
Regulator says trustees showed “reckless disregard” and a “lack of integrity.”
Harvard Endowment Returns ‘Disappointing’ 8.1% in 2017
CEO says portfolio has ‘deep structural problems.’
CalPERS to Declare Two Districts in Default
Committee proposes a reduction in benefits for state workers in two delinquent districts.
LACERA CEO to Retire in October
Assistant executive officer to become interim CEO.
MOSERS Board Approves New State Budget Contribution Percentages
Actuaries debunk treasurer’s “crisis” warning.
Missouri Treasurer: State Pension Crisis ‘Is at our Doorstep’
Suggests MOSERS lower expectations, investment fees.
Penn SERS Returns 3.3% in Q2
Board approves up to $700 million in private equity, multi-strategy real estate commitments.
TD Asset Management Launches Two Funds
Fund manager debuts dividend growth fund, and small-cap equity fund.
CalPERS Staff Pushes for Quick Replacement of Infrastructure Consultant StepStone
Former infrastructure consultant, real estate consultant named as potential immediate replacements.
TPR to Prosecute Firm for Not Providing Pensions
Manchester bus company and managing director could face unlimited fine.