Private Capital Payouts Are Sub-Par, Hamilton Lane Charges
These alternative asset funds reduce distributions to investors amid high rates and recession jitters.
News
NYC Comptroller Says Apple’s Workers’ Rights Assessment Lacks Credibility.
Brad Lander said a report by law firm Jenner & Block lacks rigor, expertise and worker input.
SEC Climate Rule Put on Hold
The U.S. 5th Circuit Court of Appeals delayed implementation of the rule, pending further review.
Mississippi PERS Opposes Bill to Change Board, Deny Employer Contribution Increase
Legislation passed by the Mississippi House of Representatives would flip the pension’s board from mostly elected by members to mostly appointed by government officials.
Roadblock Looms for Renewable Energy Shift, BCA Warns
A lack of capital spending in mining such ‘transition metals’ as copper, nickel and lithium is linked to chaotic prices, the research firm says.
New York State Pension Boosts Real Estate Investments by $300M in January
The New York State Common Retirement Fund also invested $25.5 million in a fund managed by one of its Emerging Manager Program partners.
Central States Legally Required to Repay $127M to PBGC
The multiemployer plan received an overpayment due to an incomplete death audit conducted by the PBGC.
NYC Retirement System’s Steven Meier on Rates, Risks and Opportunities in 2024
The CIO looks to ‘critical trends’ of decarbonization, deglobalization and demographic dynamics as portfolio drivers over the next 10 years.
MFS Investment Management Appoints Alison O’Neill as CIO
O’Neill is scheduled to take the new role January 1, 2025.
Long-Ignored Dividends Will Rise, Says Jefferies
Stock buybacks are expected to shrink, leaving room for more payouts, the firm believes.
FirstEnergy Transfers 2,200 Retiree Pensions to Insurers
Legal & General Retirement America and RGA Reinsurance took on $700 million in pension liabilities.
SEC’s Climate Risk Disclosure Rule Faces 3 Lawsuits Within 1 Week of Finalization
The two initial complaints were filed by 19 Republican-leaning states and, separately, the Sierra Club.
Lockheed Martin Sued Over Pension Risk Transfer With Athene
The plaintiffs allege Lockheed did not choose the safest annuity provider after AT&T was sued earlier in the week for making a similar deal with Athene.
IPOPIF Searching for Emerging Markets Debt Manager
The fund hopes to find a candidate by September 13.
AT&T Sued Over 2023 Pension Annuitization With Athene
Beneficiaries' suit claims telecom company 'turned its back on its retired workers' in risk transfer deal.