UK-Based BMW Employees to Strike Over Pension Closure
Union says members could lose as much as £160,000 in retirement income.
Newsmakers
More Competition, Challenges for Direct Lending, Private Debt Market in 2017
Can the market support the number of new competitors driven by investor interest?
CFA Report Reveals Investment Industry at Turning Point
Report warns that investment industry leaders who fail to transform their business models may jeopardize their firms’ future.
NYC Comptroller Decries Senate Vote to Roll Back Pension Rule
Vote reversed Labor Department rule allowing cities to create savings plans.
NMSIC Considers Elimination of AR Portfolio
Fund would likely retain some hedge fund exposure through other asset classes.
Funded Ratio for US Corporates Inches Higher in March
Levels remain similar to where they were eight or nine years ago, Mercer says.
Ontario Teachers’ Returns 4.2% for 2016, Tops Benchmark
Global currency returns were 7.2%
AB InBev Bows To Investor Pressure, Commits to Renewable Energy
The world’s largest brewer pledged to make the transition to 100% renewable electricity by 2025.
CIO Wins Best Media Brand in Prestigious Jesse H. Neal Awards
Also wins Best Single Article award for “The Departed”.
Ohio Teachers Pension Fund Lowers Assumptions, Adjusts Assets
The adjustments would add $6.5 billion to the plan’s accrued liabilities.
Illinois Governor Vetoes Chicago Pension Bill
Says proposed fix would raise taxes; backs GOP proposed reform.
New Jersey Bill Gives Police, Firefighters Control Over Pension Plan
Move shifts control from state treasury to new board of trustees.
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C&W: Global Real Estate Investors More Wary as Real Estate Cycle Matures
Investors are focusing investments in a single country, with 61% of the available capital taking this route.
Iowa Public Pension Lowers Economic Assumptions
The IPERS Investment rate of return is cut to 7% from 7.5%.