Billion Dollar Hedge Fund Club Grows to $889B
North American exits make way for European entrants to the group.
News
CIO Scott Evans to Leave NYC Pensions at Fiscal Year-End
Evans is the third CIO to resign from a NY pension this month.
US Single Premium Pension Buyout Sales Hit $1.38 Billion in Q1
Sales fall sharply from $11.1 billion in previous quarter.
Harvard Overseer Resigns over Fossil Fuel Investments
Kat Taylor accuses $37.1 billion endowment of funding ‘pernicious activities.’
Over 100 US Multiemployer Pension Plans Face Insolvency
Despite rising funded status trend, many plans will run out of assets within 10 years.
Opinion: Funds Could Increase Their Expected Rates of Return
Fiduciaries may have overlooked a very simple and lucrative source of expected returns.
AustralianSuper’s Head of Property Exits
After a disastrous 2009 performance, departing exec turned the portfolio into $10 billion during decade-long stint.
Britain’s Pension Protection Fund Names Risk Officer, Head of ESG
New CRO comes off of an eight month career break following 21 years at insurer.
FTSE 100 Pension Plans Reach Surplus for First Time in 10 Years
Report estimates that pension plans’ funding status rose to 101% at year-end 2017.
Failed Plan Members May Receive Only Fraction of PBGC Minimum
PBGC says it would only be able to pay less than one-eighth the minimum benefit.
Ireland to Establish $9.3 Billion Rainy Day Fund
The country’s sovereign wealth fund will transfer the initial €1.5bn ($1.75bn) to the plan.
Mass. Pension Fund Tops List of Private Equity Earners
CalPERS, Washington State Investment Board invest the most funds to the space.
Alcoa Contributes $500 Million to US Pension Plans
Aluminum producer used proceeds from recent debt offering to fund contribution.
Former Cliffs Natural Resources Workers to Recover 60% of Pension Loss
Settlement calls for the return of C$18 million of C$28 million shortfall.
British Court Sides with TPR to Compel Company to Bolster Pension Plan
Upper Tribunal approves regulator’s power to require parent ITV to aid failed subsidiary Box Clever’s pension.