UK High Court Says RIP to RPI
Ruling shoots down BT, Ford, Marks and Spencer pension funds’ challenge to reforming inflation calculation.
News
World’s 300 Largest Pension Funds’ Assets Rise to Record $23.6 Trillion
Japan’s GPIF remains the largest pension fund in the world for the 20th straight year.
Higher Discount Rates Offset Lower Equity Values in August
U.S. corporate pension funds improve by 0.7 percentage points, to 99.0% in August from 98.3% in July.
Danish Pension Fund ATP Loses 36.4% in First Half of 2022
Falling equity markets and rising interest rates are blamed for the portfolio’s $7.7 billion loss.
Iowa Public Pension Fund Loses 3.9% in Fiscal Year 2022
Asset value of trust fund falls by more than $2.7 billion to end the year with just over $40.1 billion.
Prudential Names Don Guo Group CIO
Guo joins the insurance giant from Catalina Holdings, where he was CIO of Asia and Europe.
Deutsche Bank Completes Global CIO Team
Appointment of CIO for Middle East, Africa and Europe, excluding Germany, rounds out six-member team.
Hawaii State Pension Fund Returns 3.66% for Fiscal Year 2022
The fund, which has an asset value of just under $22 billion, is seeking a new CIO.
Directors Guild Pension Hires USC’s Edgar Smith to be First CIO
Smith, a hedge fund and U.S. equity expert, has been a critical part of the University of Southern California’s endowment.
NY State Pension Allocates Over $1 Billion to Alts in July
The pension fund committed nearly $500 million to real assets during the month.
US DOL Extends Comment Period for QPAM Exemption Proposal
Regulator also schedules a hearing for November 17, deadline for requests to testify is October 11.
US Pension Risk Market Sales See Record-Breaking Q2
Buyout sales increase by triple-digit percentage points for second consecutive quarter.
2022 Not-for-Profit Investment Survey Finds Significant Presence in Private Markets
The trend coincides with an increased awareness of and emphasis on environmental, social and governance issues.
CalSTRS Moves to Lower Holdings of Carbon Emitters
Pension fund wants to halve its investment exposure to them by 2030.
Delaware Enacts Private-Sector Retirement Mandate
Program extends retirement benefits to private-sector workers who lack access to employer-sponsored plans.