GE Retirees Strike Deal to Increase Time Limit to Sue Over Unpaid Pension Benefits
Participants had filed an administrative complaint alleging the company renounced its obligation to pay their benefits.
News
Lower Inflation Should Herald Higher Stock Prices Ahead, Strategists Say
The market does get cases of the heebie-jeebies, but in recent times, these have been temporary.
Greece, BlackRock Move Forward With SWF Creation
The country is moving to quickly privatize key assets to pay back bailout loans and launch its new sovereign wealth fund.
Ayesha Parra Appointed Global Head of Alternatives at Russell Investments
Parra will oversee the firm’s business strategy for its alternatives platform.
Rhode Island Pension Returns 10.47% in Fiscal 2024
Assets of the ERSRI system rose to $11.369 billion.
Corporate Pension Funded Status Stays Flat in July
Strong equities were equivalent to or offset by a decline in pension discount rates.
Nature Conservancy Seeking Head of Strategic Investment Initiatives
The investment executive will work on special projects for the $4 billion endowment.
UK’s Nest Hires J.P. Morgan’s Campbell Global for Timberland Fund
The fund will seek timberland investments that promote sustainable forestry practices.
UK Chancellor Reeves Meets With Maple 8 Bosses on Implementing ‘Canadian Style’ Investing in British Plans
Reeves wants to learn lessons from Canadian plans on investing.
Institutional Asset Owners Returned 1.1% in Q2
Markets slowed in the period, according to the Northern Trust Universe tracking system.
UC Investments Reaps Big Returns From Index Fund Shunning Fossil Fuels, Tobacco
Some $1.3 billion of the University of California’s $16 billion fiscal 2024 investment gain came from one S&P 500 index fund.
Ontario Teachers’ Pension Leads $150M Venture Round for Credit Card Startup Bilt
Other funding sources included endowments at Vanderbilt and the University of Illinois.
Pension Fund Sues KKR, Alleging $500M Payout Had ‘No Value’ to Unitholders
The lawsuit claims the firm’s founders and executives breached their fiduciary duties and ‘wanted to enrich themselves.’
OMERS to Expand Investments in Italy With Acquisition of Transit and Advertising Network
The pension fund, along with DWS, will fully acquire Grandi Stazioni Retail.
Nova Scotia Fund Returns 7.93% in Fiscal 2024
Assets of the Nova Scotia Pension Services Corp., which oversees four pension funds, rose to nearly $10 billion.