Public Equities, AI Investor Optimism Fuel CPP Investments’ 5.4% Q2 Return
The robust returns raised the pension giant’s asset value to C$777.5 billion.
Pensions
Norway Pension Giant’s ‘Ethical’ Investment Policy Placed on Hold by Parliament
The $2.1 trillion Norges Bank Investment Management will not be able to exclude companies or put them under observation for almost a year, while a legislative committee reviews its standards.
Real Estate, Public Equities Boost CalPERS’ Climate Investments to $60B
The allocation is up from $53 billion in 2024 and $47 billion midway through 2023 while working toward its $100 billion goal.
CalPERS Board Votes to Approve Total Portfolio Approach
The California pension approved the proposed change to implement TPA—the first institutional allocator in the U.S. to do so—by July 2026.
Corporate Pension Funding Surpluses Grow for Seventh Straight Month
Ratios continue to improve as markets continue to gain momentum.
RTX to Transfer $2.5B in Pension Obligations to Prudential
The pension risk transfer will result in a $300 million settlement charge in the fourth quarter.
DB Plans See Best Year-to-Date Q3 Performance Since 2019
DB plans saw a median return of 4.43% in the quarter, reaching 10.72% for the year so far, according to data from Confluence.
Half of Australia’s Superannuation Plan Assets Invested Offshore for First Time
New research from National Australia Bank found that artificial intelligence and digitization are the leading themes influencing investment decisions.
Texas ERS Promotes for Director of Private Real Estate
Simon Mok had been a portfolio manager on ERS’ private real estate team.
L&G Completes $6.14B Pension Risk Transfer With Ford UK Pensions
The buy-in transaction for 35,000 retirees is the largest in the country this year.
Donnelley Terminates Frozen Pension Plan
The company settled its pension obligations through lump sum payments to some participants and by purchasing annuity contracts from an unnamed insurer for remaining obligations.
US Public Pension Funds’ Funded Ratios Rise to Highest Levels in Nearly 4 Years
The 100 largest public pensions’ were 85.4% funded in September, up from 84.2% in August.
Corporate Pension Funding Ratios Hit Highest Level Since 2007
Asset surpluses of the largest corporate defined benefit plans continued to surge in September.
OMERS’ Bruce Power Completes $1B Inaugural Senior Unsecured Bond Issuance
The issuance from the Ontario pension subsidiary is the largest to date within the Canadian power and utilities sector.
Eli Lilly and Co. Selects Goldman Sachs for $25B OCIO Mandate
The company’s CIO, Susan Ridlen, retired in August, and Goldman Sachs Asset Management will now manage its portfolio.