Market Rebound Spurs Record 33.55% Return for NY State Pension Fund
Equities helped boost the investment portfolio’s asset value by more than $60 billion to $254.8 billion.
News
Lawsuit Accuses Caesars, Russell Investment of Gambling with 401(k) Plan
The plaintiffs claim switching from State Street has cost participants $100 million in losses.
OMERS Takes 25% Stake in International Schools Partnership
The acquisition is part of the pension fund’s expansion into private equity opportunities across Europe.
Bill Seeks to Provide Plan Sponsors with Legal Cover for ESG Investing
Legislators say employers are hesitant to provide ESG options in 401(k)s over fears of being sued.
Senators Reintroduce Retirement Security & Savings Act
The bill seeks to allow people who have saved too little to set aside more for retirement.
Climate Transition Risk to Have Greater Impact on Ratings
The quick changes needed to meet Paris Agreement goals could disrupt a variety of sectors, says S&P.
Special Report: Will Pension Risk Transfers Someday Control All DB Plans?
The trend is mounting for corporate sponsors to shunt liabilities to insurers. But some don’t want to do that, and others can’t.
Special Report: How to Ensure a Smooth Pension Risk Transfer
Without thoughtful preparation, offloading liabilities can be a costly and time-consuming endeavor.
Special Report: The Risk Factor in Pension Transfers
Plans often do piecemeal deals, to reduce the chances of everything going down the tubes.
Fidelity 401(k) Plan Balances Rise to New High in Q1
Despite economic fallout from the pandemic, defined contribution plan balances remain strong.
WSIB Executive Director Theresa Whitmarsh Leaving Top Spot
Her retirement follows the investment board losing its long-serving CIO in 2019 and appointing Allyson Tucker to the role last year.
REITs Are Staging a Slow-Mo Comeback
Offices are still the worst off, but there is even some good news in bedraggled malls.
Dominic Garcia to Leave New Mexico State Pension
The departing chief investment officer was named to CIO’s Power 100 List earlier this year.
Swiss Life Admits to Conspiring to Cheat IRS
The insurance giant will pay more than $77 million for helping taxpayers hide nearly $1.5 billion from IRS.
Tasty Morsel: Restaurants Are a Bright Spot in Disappointing Economic Data
Spending bumps up and Google reservation searches swell, amid enervating job growth report.