Illinois Teachers’ Pension Invests $1.5 Billion in June, July
The Teachers’ Retirement System of the State of Illinois earmarked over $1 billion for alts.
News
Federal EV Aid Should Be a Big Boost for the Cars
New law, signed by Biden Tuesday, funnels $370 billion to help electric vehicle sales.
PIMCO Sees Opportunity in Emerging Markets Bonds
Central banks in emerging markets have hiked at different speeds, with the best currency gains going to an aggressive Brazil.
CPPIB Loses 4.2% in First Quarter of Fiscal Year 2023
Canadian pension giant’s net assets fall C$16 billion to C$523 billion.
‘Disruption Is the Only Constant,’ CFA Institute Research Finds
Technology, sustainability expected to drive the future of work in investment management.
New Mexico Teachers’ Fund Scores Small Gain for Fiscal Year
In a tough time for investments, the fund logs a 1% portfolio increase.
San Diego Pension Fund Names Carina Coleman CIO
She succeeds Liza Crisafi, who retired after 15 years at San Diego City Employees’ Retirement System.
Multiemployer Plan Funding Levels Down Sharply in First Half of 2022
The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.
Higher Stocks Benefit US Corporate Plans in July
Despite lower discount rates, aggregate funding level for plans of S&P 1500 companies rose to 102%.
Fordham University Taps Geeta Kapadia as CIO
Kapadia succeeds Eric Wood, who had been the university’s CIO since 2011.
Downsides of Direct Indexing: Tracking Error and Less Diversification
Research Affiliates assesses how tailoring indexes to investors’ tastes carries its own weaknesses.
Kentucky Public Pensions Lose 5.7% in Fiscal Year 2022
Despite the loss, the commonwealth’s pension funds just beat out their benchmark’s performance.
A Buybacks Tax Would Have Just Minor Effect, Some Strategists Say
The 1% levy in a Senate-passed bill shouldn’t deter the repurchase trend much, they think.
Don’t Call It a Comeback: Plan Sponsors Could Thaw Frozen Defined Benefit Plans
Unfreezing pension plans may help with workforce recruitment and retention.
Japan’s GPIF Loses $28 Billion in First Quarter of Fiscal Year 2022
The $1.43 trillion pension giant posts back-to-back quarterly losses for the first time in six years.