Sonoco Terminates US Defined Benefit Pension Plan
Firm contributed $190 million to plan to boost funded level to 97%.
News
US Corporate Pension Funding Rebounds from May Drubbing
The funded status of the 100 largest corporate DB plans edged higher to 88% in June.
Canadian DB Plans Flat in Q2 Despite Strong Returns
Falling bond yields prove too much for robust asset gains.
Kentucky House Narrowly Approves Gov.’s Pension Bill
Proposal is expected to pass in the Senate Wednesday.
CIO Innovation Awards: 2 Weeks To Nominate
Nominations for this year's 10th annual bash close August 3.
Ontario Teachers’ Pension Releases Inaugural Climate Report
Fund details how it works climate risk into investing its nearly $150 billion in assets.
UK Supreme Court Pension Ruling to Apply to All Public Sector Plans
Government estimates rectifying age discrimination will add approximately £4 billion per year to plan liabilities from 2015.
New Maryland Law Requires State Pension to Reveal All Fees
Unreported carried interest accounted for as much as 35% of state pension’s total fees in 2018.
CalPERS Strikes Gold in Gatwick Airport Investment
Initial $155 million investment nine years ago now worth more than $1.24 billion.
Bryan Lewis, Pennsylvania SERS’s CIO, Is Leaving
Deputy CIO James Nolan recommended to serve in interim by investment committee.
BofAML’s Cross Asset Head Joins the Church Commissioners for England
James Barty will become the organization’s first director of investment strategy, created to navigate upcoming changes.
Multinationals Are Bailing from China, Larry Fink Says
As the trade war winds on with no end in sight, companies are not waiting around to see what happens, BlackRock chief finds.
People Moves Roundup
Man GLG gets some credit PMs, Aon promotes general counel, and more.
Navab Capital Partners Closing After Founder’s Untimely Death
Firm decides not to continue ‘without him at the helm.’