Penn SERS Loses More Than 12% in 2022
No rise in member contribution rates expected for fiscal year that starts July 1.
News
Australian Regulator Accuses Mercer Super of Greenwashing
The nation’s Securities and Investments Commission is suing the pension fund for allegedly misleading members about sustainability.
‘No Landing’ Economy? Can’t Happen, Says LPL Savant
It “makes no sense” for things to just dither along with no changes, insist Jeffrey Roach and other Wall Streeters.
Politics Heat Up on Brainard Fed Replacement
Elizabeth Warren and other progressives push for a more dovish vice chair to offset Chair Jerome Powell.
Congress Adds Fuel to Anti-ESG Fire
The joint resolution, which President Joe Biden has said he will veto, increases the heat in the U.S. on ESG investing, and asset managers see risks.
Marcy Rappaport Named Director of Business Development, Consultant Relations at Xponance
Rappaport previously served as the director of marketing and client relationship management at LongTrail Alpha.
KKR Elevates Domestic Private Equity Co-Heads to Global Roles
Peter Stavros and Nate Taylor were promoted to global co-heads of private equity, tasked with enhancing connectivity and supporting KKR’s investment model.
Swedish Pension AP1 Loses 8.6% in 2022
Despite alts gains, fixed income and equities weigh down portfolio, contributing to investment losses of nearly $4 billion for the year.
Largest Corporate Plans Hit Highest Funded Status Since 2007, Despite 2022 Investment Losses
Higher interest rates lowered liabilities, as average asset losses reach 21% for the fiscal year, a Russell Investments study shows.
US Single-Premium Buyout Sales Set Record in 2022
2022 was a banner year for risk transfers, setting records in total dollar volume, contracts signed and single-premium buyout deals as rates rose and funding statuses improved.
Ohio State Pension Approves New Asset Allocation
OPERS increases its exposure to alts and U.S. equities, while cutting back on fixed income and foreign equities.
Corporate Bond Issuance Gushes: What Does That Mean for the Year?
Demand is strong for investment-grade paper, less so for junk.
Will Institutional Investors be Able to Save the Planet?
Do portfolio strategies meant to limit carbon and align with the Net Zero Asset Managers Initiative accomplish their environmental ends?
Fixed Income Weighs Down CDPQ to 5.6% Loss in 2022
Canada’s second-largest pension blames loss on “worst simultaneous stock and bond market correction” in half a century.
Bill Calls for Oregon to Divest From Fossil Fuels
State treasurer Tobias Read says the proposed legislation would lead to lower returns and higher employer contribution rates.