Washington Cities Debate Legislation to Switch Portfolio Governance to State Investment Board
Executive directors reject notion that the move would bring about cost savings.
News
Connecticut’s New Treasurer Pushes for Pension Shortfall Remedies
Shawn Wooden examines tapping lottery and extending bond payments to bridge huge gap.
American Century Wins 401(k) Class Action Lawsuit
Judge rules that offering employees only proprietary funds does not violate ERISA.
Court Rules Firms Can’t Skirt Pension Withdrawal Fee
Construction company owes more than $641,000 for leaving multiemployer plan.
CIO of UK’s Biggest Pension Plan to Exit
Roger Gray, who nearly tripled the Universities Superannuation Scheme’s assets over 10 years, will leave in September.
Bill Gross’ Bond King Crown Now Firmly Sits on Jeff Gundlach’s Head
As the faded master bond investor announces his retirement, the usurper keeps growing in stature.
Bolsonaro Really Wants Pension Reform in 2019
Brazil’s new president’s opening session letter demands social security system overhaul.
Canada Pension Plan Investment Board Issues Euro Green Bonds
€1 billion 10-year fixed-rate notes are issued to invest in renewable energy.
FTSE 100 Pensions’ Bond Allocation Nearly Doubles in Decade
Plans look to lock in gains by shifting to fixed income investments.
Florida Pensions Investigate Potential Discriminatory Behavior by Airbnb
Allegations could lead to a state-wide prohibition on purchasing shares of the company.
Court Orders $1 Billion Judgment Against Woodbridge Ponzi Operators
Former CEO Robert Shapiro must pay $100 million civil penalty.
No, The Fed Isn’t as Dovish as the Market Thinks
Commonwealth’s McMillan notes that the central bank believes the economy is strong, so more tightening is coming.
OMERS Ventures Opens California Offices
Canadian pension plan is aiming for a more global venture capital program.
Stocks Hurt the World’s Largest Pension Fund Last Quarter
Japan’s GPIF lost a staggering $136 billion due to Q4’s rout in equities.
Dutch Pensions Felt Major Pain in Q4
Average funding ratios fell by seven percentage points, amid down December.