North Carolina Establishes Employee Benefit Trust Fund
New law looks to tackle state’s $50 billion in unfunded liabilities.
News
Dutch Pension Divests from Korean Firm over Deforestation
APB sells off €300,000 worth of shares in Posco Daewoo due to impact of palm oil plantations.
CIO’s Ninth Annual Industry Innovation Awards: Nominations Open
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
World’s Largest Pension Fund Hits $1.4 Trillion
Japan’s Government Pension Investment Fund fails to beat its 2014 return record after fourth-quarter stock and treasury slump.
Acting CIO of South Korean Retirement Plan Leaves
Cho In-Sik departs amid search for permanent successor at No. 3 biggest public pension program.
University of Pittsburgh Names New CIO, Treasurer
Greg Schuler will oversee the nearly $4 billion endowment.
CIO’s Ninth Annual Industry Innovation Awards: Nominations Open
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
TPR Fines Trustees for Not Reporting Unpaid Contributions
Smart Pension failed to collect and invest nearly £900,000 in pension contributions.
FCA Looks to Protect Consumers’ Pensions
UK financial body launches consultation on proposed measures to help plan participants.
NJ Gov. Shifts Police, Firefighter Pensions to Unions
Moving the $26 billion retirement plan eases their concern that it may end up bailing out weaker plans.
New Tax Law Will Aid PE-Owned Companies, Study Says
PitchBook: Lower corporate tax rates and immediate write-offs will juice profits.
Hedge Fund Tells Kentucky Pension to Take a Hike
Davidson Kempner Capital Management takes issue with state’s code of ethics.
Colorado Public Pension Returns 18.1% in 2017
Strong returns and new legislation help raise funded status to 61% from 58%.
CIO’s Ninth Annual Industry Innovation Awards: Nominations Open
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
CalSTRS Names New Chief Financial Officer
Julie Underwood will leave the San Bernardino County pension plan, replacing Robin Madsen.