Hartford HealthCare Increases Allocations to Private Strats
Searches for niche opportunities within emerging markets.
Newsmakers
Valvoline to Make $400 Million Pension Contribution
Company launches debt offering to raise funds for pension.
Brazil’s President Temer Seeks Votes for Pension Reform
Taps House speaker Maia to strategize bill, which would increase minimum age for pensions and cut benefits.
CalSTRS Praises S&P Dow Jones Multi-Class Shares Decision
Dow Jones’ decision made after committee’s market reviews, consultation responses.
AZ Reps Urge Voters to Change State Constitution for Pension Reforms
Finds issues with PSPRS’ DROP system, looming statewide crisis.
UK Court Rules in Favor of IBM
Dismisses High Court’s 2015 ruling that said Project Waltz breached contractual duty with employees.
Deadline Extended to Nominate Most Innovative CIOs, Best Asset Managers of 2017
Deadline extended until Tuesday evening.
CT Officials Pass Pension Concession Labor Pact
The state seeks to close a $5.1 billion shortfall in two years.
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.