Texas Teachers’ Launches Strategic Asset Study
Pension notes that the current asset allocation is ‘good…but can we do better?’
Newsmakers
Top Ratings Agency Slams Illinois Gov.’s Budget Proposal
Pritzker’s plan to bolster the underfunded public pension system via new taxes ‘punts’ on meaningful change, S&P says.
CalPERS CIO Says Pension Plan Must Create New Private Equity Organization
Plan is essential if CalPERS wants to avoid increasing its approximate $140 billion unfunded liability, Meng says.
New CIOs, Possible Teachers Pension Overhaul for Kentucky
Amid acrimony and a deadlocked legislature on the retirement plan issue, small signs of change are welcome.
Navistar Canada De-Risks Pension Obligations, Assets
Truck manufacturer transfers $268 million to two insurers.
Accountant Allegedly Stole $2 Million from New Orleans Firefighters’ Pension
Wayne Triche was charged with wire fraud and tax fraud in 38-count indictment.
New Mexico PERA Gets a Task Force
Governor-appointed group to find ways to patch up $6 billion-plus funding deficit.
Nebraska’s Chief Investor Discusses His Conservative Approach to Alternative Investors
State council also outlines private equity pacing plan with re-ups to existing managers.
New Connecticut Treasurer Has a Backup Plan for Teacher Pension Bonds
Shawn Wooden taking select cues from New Jersey in maneuver’s approach.
Diversification Steers Canadian Pension Giant’s Ship into the Black
CEO Machin expects the next few years to be ‘much more challenging’ for investments.
Los Angeles CIO Discusses Pension’s Unique Infrastructure Strategy
First-time approach to the asset class to utilize public-to-private.
Illinois’ New Governor Installs Two Pension Taskforces
State crisis gets worse with new fiscal budget revelation.
Danish Pension CEO Announces Exit Plans
Fund says early warning gives ‘plenty of time’ to find a successor.
A Large Equity Drawdown Would Cause Major Problems for CalPERS
Poor equity performance is the biggest risk for the largest US pension plan, review shows.
New York Closes Out Year with over $15 Billion in Transactions
Private equity sees the biggest contributions, with more than $7 billion committed.