IBM De-Risks $16 Billion in Pension Obligations
Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.
Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.
Letter criticizes short-term thinking that ‘imposes an ideological screen on an investment manager’s ability.’
Norway reclaims the top spot from Iceland, while Switzerland remains in second.
Portfolio beats benchmark thanks to a private equity allocation exceeding the pension fund’s ‘allocation range tolerance.’
Ruling shoots down BT, Ford, Marks and Spencer pension funds’ challenge to reforming inflation calculation.
Japan’s GPIF remains the largest pension fund in the world for the 20th straight year.
Falling equity markets and rising interest rates are blamed for the portfolio’s $7.7 billion loss.
Asset value of trust fund falls by more than $2.7 billion to end the year with just over $40.1 billion.
Guo joins the insurance giant from Catalina Holdings, where he was CIO of Asia and Europe.
Appointment of CIO for Middle East, Africa and Europe, excluding Germany, rounds out six-member team.
Smith, a hedge fund and U.S. equity expert, has been a critical part of the University of Southern California’s endowment.
The pension fund committed nearly $500 million to real assets during the month.