CalSTRS Vexed over Plan Aimed to Promote Diversity Among Fund Managers
CIO aims to fix program that hired young, female, and minority managers, whose returns are sub-par.
News
Pennsylvania SERS Returns 15.1% in 2017
System gains $3.9 billion to reach total assets of $29.3 billion.
Colorado Senate Passes Pension Reform Bill
Proposed changes aimed at eliminating the unfunded liabilities of the state’s pension plans.
Standards and Professionalism Outrank Returns in Trust-Based Survey
Surveyed investors prefer advice from human interaction versus AI, whereas tech is preferred as strategy tool.
Alaska Fund Reminds Lawmakers It’s Not a Piggy Bank
State House bill proposes to more than double the fund’s dividend in 2019.
Outraged Puerto Rico Gov. Clashes with Oversight Board, Yanks His Plan
Panel, seeking pension cuts, could unilaterally impose its own fiscal blueprint if stand-off continues.
Minnesota Senate Unanimously Approves Pension Bill
Reform backers say proposal would produce $3.4 billion in immediate savings.
Blackstone Official Pushes Required Retirement Savings, Backed by Washington
At CalSTRS, to help people without enough money to retire, Tony James pledges to promote his idea to Washington big-wigs.
NJ Pulls $1.9 Million from Semi-Automatic Gunmaker
No plans announced for ditching remaining firearms holdings.
Despite Lopsided Lawmakers’ OK, NJ Pension Bill in Limbo
Bill would yank police and firefighter pensions from state management, but governor is skeptical.
Oregon Pension System Faces Leadership Vacuum
Bad timing: Top-level departures loom as showdown over financial woes nears.
UK Workplace Pension Membership Rises in 2017
The largest increase in pension take-up was seen among Millennials.
PBGC Pays Out $5.6 Billion to Retirees of Failed Plans in 2017
Total amount paid remains the same as the number of retirees rises.
CIO NextGen: Send Us Your Nominations for the Up-and-Coming Leaders Reshaping the Industry!
Taking our unique mission of serving the asset owner community to the next level, CIO launched its DigitalFIRST strategy this year. As we continue to make community and interactivity...