New York State Pension Increases Employer Contribution Rates
Actuary recommended changes because of increasing life spans and lower-than-expected returns.
News
Will Last Week’s Selloff Wake Up Investors to the Overvalued Market? El-Erian Asks
Allianz sage spells out the difference between lowered fundamentals, like earnings, and the current rally.
Ontario Teachers’ Pension Invests $350 Million in Indian Private Credit
The fund is teaming up with Indian private debt manager Edelweiss Group.
Increasing Body of Evidence Bolsters Case for ESG Investing
Harvard professor finds they outperform over the long haul, as well as during a market downturn.
CPPIB Reinvests $235 Million into Japanese Warehouses
Canada’s largest pension fund and longtime partner, global asset manager GLP, continue expansion into the Asian nation’s real estate.
Columbia Endowment Names Kim Lew CEO
The Carnegie Corp. CIO has been tasked with turning around the Ivy League laggard.
Ebbing M&A Activity May Just Be Rebounding, Says Wells Fargo
The economic slump has held down merger action in 2020.
South Dakota Mulls Trimming COLA Minimum to Zero, to Help Withstand a Downturn
The fully funded pension program has a strict policy of staying that way, but the inflation adjustment currently can go no lower than 0.5%.
Korean Pension Giant Weathers COVID-19 Crash During First Half
The $635.5 billion fund was aided by being overweight in fixed income and underweight in equities.
Top Canadian Pension Plan and US Apartment Operator to Build Brazilian Housing
The partners will invest up to $190 million in combined equity into the project.
Norway Pension Giant Drops Three Companies over Alleged Human Rights Violations
The $1.17 trillion fund also placed PetroChina on watch for three years over ‘gross corruption.’
Expert Warns UK Pensions Could Face Massive Dashboard Compliance Costs, Work
Contrary to government assurances, the price tag will be huge, says former UK pensions minister Steve Webb.
CalPERS Retirees Call for Board President to Resign
The demand for Henry Jones’ ouster is the latest fallout from the resignation of CalPERS CIO Ben Meng following complaints he violated state ethics rules.
Tulane Investment Chief Jeremy Crigler to Retire
Richard Chau and Julia Mord will take over as interim CIO and interim deputy CIO, respectively, to manage the fund’s $1.4 billion portfolio.
Good Vaccine News Has Immediate Impact on the Stock Market
A quarter of the S&P 500’s rise since May is linked to positive developments on a virus inoculation, UBS says.