Illinois Multiemployer Fund Agrees to Repay $8M in Excess Bailout Funds
The repayment is the second related to overpayment of excess funds received from the PBGC in connection with the Special Financial Assistance Program.
News
3M to Transfer $2.5B in Pension Liabilities to Met Tower Life
The pension risk transfer will cover 23,000 of the company's retirees.
PBGC Rescues Two Pensions Covering 25,000 People
The SFA funds used to restore the plans total more than $500M.
House Republicans Characterize ESG as an Anti-Trust Cartel
ESG skeptics allege that the investing strategy is a conspiracy to reduce fossil fuel production.
Allocators’ Biggest Worries? Finding the Best Data and Tools—and ESG
Macro concerns like wars also loom large for them, a Morningstar survey finds.
Dutch Pension ABP to Partner With Network Provider KPN on Tower Company Joint Venture
The duo will manage the joint venture’s telecommunications assets under TowerCo.
Corporate Pension Plan Funded Status Shows Continued Improvement
May saw a decline in discount rates, while equity markets maintained high funding levels.
How the Fed’s Balance Sheet Reduction Could Thwart Easing of Policy Rate
Lowering its stash of long-dated bonds would have an impact on long-term yields, BlackRock finds.
Large Institutional Investors Rally Against Tesla Pay Package
NBIM, CalSTRS among funds voting against $56 billion pay package for executive Elon Musk.
Bryn Mawr Capital Management Names Bank of New York Mellon’s Jasmine Yu CIO
Yu joins the WSFS Financial-owned firm to lead its investment strategy and solutions team.
Good News: Earnings Log Best Growth Rate Since Post-Pandemic Surge
S&P 500 profits are headed for a good 2024, a FactSet survey shows.
CalPERS Returns 3.3% in the First Quarter, Decreasing Size of Buyouts in Portfolio
Assets of the US’s largest pension fund reached $495.3 billion at the end of Q1 as the fund prepares to increase its allocation to alternatives.
UN Pension Fund Earns 2.42% in May, up 3.29% Year to Date
The $91 billion pension fund’s performance was led by public equity, which returned more than 4% last month.
Dustin Antonini Is Named CIO of Saskatchewan Healthcare Pension
The appointment of the investment chief is effective immediately.
Thomas Leone Appointed CIO of Insurer Sompo
The new officer joins from PartnerRe, effective date: October 1.