CT Officials Pass Pension Concession Labor Pact
The state seeks to close a $5.1 billion shortfall in two years.
Newsmakers
Gov. Rauner Issues Amendatory Veto to Illinois’ Senate Bill 1
Urges General Assembly to make “historic changes” to state education funding.
Three Days Left to Nominate Most Innovative CIOs and Best Asset Managers of 2017
Nominations close Friday, August 4.
Calif. High Court to Hear Appeal Against San Diego Pension Cuts
City could be forced to create pensions for 3,000 workers if overturned.
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.