CalPERS Discloses Names of Potential Candidates to Run New Private Equity Organizations
Two former Silver Lake officials could have a future at the CalPERS-backed investment organizations.
News
Fitch Ratings Focuses on ESG Standards with New Scoring System
Agency finds only 3% of corporate ratings have changed as a direct result of ESG considerations.
Pensions in Critical Status Fewest in Decade
The number of multiemployer pensions in critical status has fallen for the sixth straight year.
UK Corporate Pensions’ Deficit More than Doubles in December
Funded level of the FTSE 100 pensions falls 3% as surplus proves to be short lived.
Brazil’s New President Eyes Privatizations for Pension Reform
Jair Bolsonaro predicts initial investments to be almost $2 billion.
Nevada High Court Orders State Retirement System to Release Records
State Supreme Court denies Nevada PERS’s petition for a rehearing.
Alabama Retirement System Acquires Major US News Chain
News outlet CNHI is being spun off by Raycom Media, which is being bought.
Arizona Evaluates over $1.5 Billion in Private Credit Investments
System liquidates entire high-yield portfolio.
JPMorgan to Pay $135 Million for Improper ADR Handling
Settlement is the SEC’s eighth action against a bank or broker in its ongoing ADR investigation.
European Central Bank Projects Global Growth to Slow in 2019
Report says US-China trade tariffs are weighing down global economic activity.
SFERS Hires Select Equity Group for $500 Million Portfolio
The New York City firm is selected to manage an international portfolio even as other international equity strategies are being trimmed of their assets.
Rising Interest Rates Galvanize Change in Alaska Board’s Farmland Portfolio
Management Board switches focus from row crops to permanent crops to target outsized performance.
Pennsylvania Pension Revamp Starts, Barring New Hires from Legacy Plan
Newly hired state workers will get lower benefits and either a 401(k) or hybrid retirement plan to save tax dollars, prop up DB funding levels.
Q4 Market Swings Trim Corporate Pension Plans’ Funding in 2018
Funds were on track to top 90%, but investment slumps brought them in slightly below 2017’s showing.
Canada Launches Pension Enhancement Plan
Enhancement will increase benefits and contributions for working Canadians.