LACERA CEO to Retire in October
Assistant executive officer to become interim CEO.
News
Dartmouth Endowment Returns 14.6%, Hits New High
College’s investment portfolio rebounds after losing 1.9% in 2016.
MOSERS Board Approves New State Budget Contribution Percentages
Actuaries debunk treasurer’s “crisis” warning.
UK Pension Costs Hurt Salaries
Report says 53% of UK employers believe defined benefit plans negatively impact salary raises.
Preqin: IT-Focused Funds Deliver Strong Performance, Industrial Sector Lags
Buyout funds return strong over the long term.
Missouri Treasurer: State Pension Crisis ‘Is at our Doorstep’
Suggests MOSERS lower expectations, investment fees.
Moody’s: US State Pension Liabilities Spike to $1.3 Trillion in FY 2016
Illinois, Alaska, and Connecticut among largest unfunded liabilities.
Penn SERS Returns 3.3% in Q2
Board approves up to $700 million in private equity, multi-strategy real estate commitments.
IRI: Americans Are Not Prepared for Retirement
Report finds less than half of Baby Boomers and GenXers have any retirement savings.
Milliman: Corporate Pensions Report Largest Monthly Loss in August
Funded ratio falls to 83% for month, but is up from 77% in 2016.
TD Asset Management Launches Two Funds
Fund manager debuts dividend growth fund, and small-cap equity fund.
PLSA Says TPR Should Change Its Approach
Trade association argues that regulator is too focused on process, and not enough on people.
New Ceres Report Calls for Sustainability Practices Across All Corporate Boards
Builds on 2015 report, while highlighting key characteristics, practices.
Northern Trust: Global Economy to See 2.4% Annualized Growth over Next Five Years
Despite elevated valuations, investment outlook predicts attractive stocks, no bond bubble.
FTSE 350 Pension Deficits Rise £12 Billion in August
Mercer says decline may be due to uncertainty over Brexit negotiations.