Calif. High Court to Hear Appeal Against San Diego Pension Cuts
City could be forced to create pensions for 3,000 workers if overturned.
Newsmakers
International Paper to Make $1.25 Billion Pension Contribution
The move is part of a long-term de-risking program at the company.
Oregon PERS to Lower Fund’s Assumed Rate 0.3%, Increasing Unfunded Liability
New rate suggested by Milliman based on study.
CIO’s Transition Manager Survey Deadline Extended
Transition Managers can now be rated by clients via online questionnaire until August 4.
Trump Administration Removes Scaramucci
“The Mooch” removed from White House position as new chief of staff appointed.
$1.3 Billion Needed for Chicago Pension Funds, Debt Payments, KBRA Says
The bond rating agency suggests positivity, despite rocky road ahead.
GSAM’s Moran: Surging PBGC Fees Incentivize Pension De-Risking
Companies are increasingly considering annuitization and lump sums due to sharply rising premiums.
Focus Fund Seeks to Make $900 Million in Senior Housing Investments
The fund seeks to add value by making property improvements and improving residential experiences.
Apollo Secures $24.6 Billion for Largest Private Equity Fund Ever
Strong historical returns and booming investor interest in asset class allow for record raise.
Connecticut Pension Funds Hit All-Time High
Two largest pension funds return 14.40% and 14.34%, respectively.
British Columbia Investment Management Reports 12.4% Annual Return
Fund’s new investment model emphasizes active management over indexing.
IMF Downgrades US, UK Growth, Upgrades Eurozone
Says US fiscal policy will be less expansionary than previously assumed.
Treasury Approves Benefits Cuts for United Furniture Workers Pension Fund
Pension becomes only the second fund to be approved for cuts under Klein-Miller.