Newsmakers
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.
Canadian Institutional Investors Seek More Women on Boards
Groups call for boards and executives to be at least 30% women in less than five years.
India’s National Pension Scheme Raises Entry Age Limit to 65
Currently, only 15% to16% of workers are covered by system.
Brazilian Planning Minister Demands Government Put Pension Reform First
Corruption scandal, 2018 general elections causing distractions for lawmakers.
Northern Trust’s McDonald: Outlook Remains Positive
Continued strength from the equities market may be the most consistent return-driver allocators can hope for.