Canada Pension Plan Returns 11.6% in Fiscal 2018
CEO expects fund to report double-digit losses once every 10 years.
News
Luxembourg Pension Reserve Just Misses Its 2017 Benchmark
The small shortfall comes despite a bigger stress on risk.
Preqin: Hedge Funds Bounce Back in April
While most strategies recovered, liquid alternatives struggled for the third month in a row.
Aviva, Phoenix Take On $2 Billion of Marks and Spencer’s Pension Liabilities
The two insurers can take on more of the UK retailer’s obligations if needed.
SEC Charges Alternative Investment Firm with Fraud
Brent Borland is accused of stealing nearly $6 million to fund ‘lavish lifestyle.’
Report: University of Montana Endowment Allegedly Invests in Tax Havens
Paradise Papers reveal $30 million invested in offshore hedge funds and private equity firms.
Exclusive: Eliopoulos Discusses Details of CalPERS SoftBank-Styled Plan for PE and VC
Critics express fiduciary concerns.
Crypto Exchange Coinbase Expands into Institutional Market
The platform will offer digital asset storage, research, and trading.
High Court Ruling Fails to Settle Overpayment Recovery Issue
Decision offers some clarity, but adds confusion for pension trustees collecting overpayments.
US Public Pensions’ Funded Status Falls to 71.4% in Q1
Milliman reports a 1.7% drop in the funded ratio of US DB plans from the end of 2017.
Exclusive: CalPERS to Announce Direct Investment Program
‘CalPERS Direct’ would help largest US fund to bypass high fees.
Appaloosa Founder Tepper Buys the Carolina Panthers
In the largest NFL deal to date, hedge fund wiz will keep the team, general manager, and coach in Charlotte.
Greece’s Latest Round of Pension Cuts Are Revealed, so Top Judge Quits
After news leak, jurist skeptical of reductions retires early in protest.
Boston Private Wealth Names New CIO
Shannon Saccocia is promoted to role after serving as chief investment strategist.
League Urges CalPERS to Find Ways to Exceed 7% Return Projections
Spokesman said cities will not be able to pay monthly contributions if returns are that low.