UK Corporate Pension Funds Stabilize in Bond Meltdown Aftermath
Meanwhile, in the US, corporate pension funding levels declined in November.
News
Strong November for Equities Yields Lower Pension Funding
Most gauges of U.S. corporate pension health remained fully funded in November, even as they dropped from higher levels earlier in the year, data showed.
PennSERS Investments Lose More Than 16% During First Three Quarters
The pension fund’s market value has fallen by more than $7.4 billion as of Sept. 30, despite outperforming its benchmark.
As CPI Dips, Investors Are More Optimistic than the Fed on Rates
With the Fed meeting on Wednesday, the futures market continues to believe the central bank will ease soon. Perhaps unwisely, says LPL.
EBSA Recovers $1.4 Billion for Plan Participants
The amount is less than half of what it was 2020, when it started to decline.
Investors Remove $14 Billion from Hedge Funds in October
Nasdaq eVestment’s hedge fund data shows that redemptions continued in October, now totaling $71 billion this year.
Nuveen Hires Head of Energy Infrastructure Credit
New role for Don Dimitrievich includes financing reduced carbon-emission capabilities.
CDPQ Adopts CFA’s Asset Manager Code
The $287.3 billion pension giant announces it is the first Canadian fund to sign on to the code.
Not Such a Small World After All, CIOs Say
Institutional investors last week cited deglobalization as a concern when making asset allocation and investment decisions.
Ontario Teachers’ Pension Plan Names Anna Murray Head of Sustainable Investing
The former head of ESG at Sun Life Capital Management will lead the $178.6 billion pension fund’s climate strategy.
Vanguard Withdraws from Net Zero Group After State Pressure
Utah attorney general takes credit for getting Vanguard to review its relationship with Net Zero Asset Managers initiative.
Central States Multiemployer Pension Plan Receives $35.8 billion in PBGC Assistance
The Pension Benefit Guaranty Corporation has approved the Special Financial Assistance application from the Central States, Southeast & Southwest Areas Pension Plan. The Central States Plan is a multiemployer...
Regulator Calls on UK Trustees to Prepare for Next Bond Market Meltdown
The Pensions Regulator wants LDI-driven plans to be ready if yields suddenly jump like they did in September.
Swedish Pension Fund AP7 Sues Microsoft, Activision Over Takeover Deal
Lawsuit alleges shareholders were hurt because $68.7 billion acquisition process was “done incorrectly.”