Illinois Teachers’ Pensions Return More than 8% in 2018
Investment returns fell by 50% from 2017 for state and university educators.
News
Kuwait Pension Fund Suing Man Group
The Public Institution for Social Security says the British firm made secret deals with one of its heads between 1996 and 2013.
CFOs Expect a Recession by 2020, Deloitte Says
Survey finds 55% of corporate financial chiefs expect a downturn, a marked decline in optimism.
Ohio Police & Fire Pension Targets Real Assets in 2019
Pacing plan expects the pension will make three $50 million to $75 million investments this year.
CalSTRS Board Approves $300 Million Campus Expansion
A second office tower is aimed to attract and accommodate new investment staff, part of a strategy to manage more of the plan’s assets in-house.
New Mexico Considers New Solvency Proposal
Proposes three-year suspension on COLA adjustments to help attain 100% funded status by 2043.
Bridgewater Wins Big in 2018 Despite Peer Struggles
Leader Ray Dalio attributes portfolio balance to flagship Pure Alpha fund’s 14.6% returns.
San Francisco Employees’ Retirement System Becomes Major ESG Force
In the span of a year, the system has become one of the largest players among US pension systems.
Infrastructure M&A Deals Drop off in 2018
The majority were in renewable energy, and two were the largest deals in the space to date.
CalPERS No. 2 Investment Officer Resigns
In a sudden departure, CalPERS Chief Operating Investment Officer Elisabeth Bourqui has resigned just months after moving from Europe to take a key spot at the Sacramento-based pension plan.
World Bank President, Who Opposes Trump Climate Stance, Is Departing
Obama-nominated Jim Yong Kim had three more years left on his second term as group’s head, leaving an opening for Trump-appointed successor.
Kentucky Lawmakers Return to Tackle Retirement System Mess
Pension reform, stymied in court, is on the top of the lawmakers’ agenda.
PBGC Director Nominee Gets Kicked Back to Trump
Clock runs out on controversial nod for brother-in-law of Mitch McConnell, Elaine Chao.
Florida Retirement System Audit Forecasts Diminishing Future Returns
Managers, auditors split on 2019 rate of returns, which are less than the previous two years.
Largest Sovereign Wealth Fund Takes $3 Billion-Plus Hit on Apple Shares
The tech giant’s Q1 sales warning sends Norway’s Government Pension Fund Global’s near $10 billion investment for a loop.