Australia Pension Giant Gets 40-Year Victoria Land Lease
First State Super’s $2.1 billion payment will go toward infrastructure in the state of Victoria.
Newsmakers
Is Chicago’s $10 Billion Pension Bond Sale Decision the Answer?
State’s bond history and already badly funded pension shows little room for maneuver.
Norway Commission Recommends Against Oil Divestment
Panel says divestment would not protect against a permanent drop in oil prices.
Yale Blocks Future Gun Investments
Endowment confirms adoption of new firearm policy, introduced in the spring.
Exclusive: An Inside Look at CalPERS’s New Direct Private Equity Organization
Investments of $20 billion in two CalPERS-backed independent pension organizations would change the face of institutional investing in private markets.
Texas ERS, PAAMCO Launchpad to Hold Fall Emerging Manager Hedge Fund Event
Summit will help institutions vet talent for the new seeding platform.
Chicago Teachers to Divest Private Prisons, Immigration Detention Centers
The fund is also barred from making any future investments in these industries.
Turkey’s Scramble to Avert Financial Woes Met with Some Relief
The lira rallies with moves to curb betting against it and the introduction of new loan restructuring programs.
Bridgewater Ditches Facebook for Alibaba, Baidu, and Amazon
The world’s largest hedge fund pares stake in the social media juggernaut by 76% while refocusing its tech exposure.
NJ Panel Calls for Overhauling Public Workers’ Pensions
Put beginning teachers and government workers into a hybrid plan to trim the state’s funding deficit, group says.
Mercer Acquires Pavilion Financial, Summit Strategies Divisions
Mega-consultant looks to bulk up non-profit presence.
CalPERS CIO Orders Active Risk Review
Ted Eliopoulos wants to know whether the largest US pension system is being rewarded enough for its investment risk taking.
Kentucky Supreme Court Will Weigh Controversial Pension Bill
Gov. Matt Bevin appealed the Circuit Court’s June ruling against his pension reform law.
CalPERS Advisor: As Tech Startup Model Shifts, Direct Investment Model Makes Sense
Fewer IPOs mean operational efficiencies rather than leverage become more important for private equity portfolio company exits, Sonsini says.
Alcoa De-Risks $290 Million in Pension Obligations
Company also makes $100 million pension contribution.