LACERS Launches Search for Next CIO
The candidate will succeed Rodney June, who retired in July, as investment chief of the $28 billion pension.
Pensions
TPT to Launch UK’s First Collective DC Multi-Employer Plan
The proposed fund would be the first open-market collective defined contribution scheme in the UK, potentially reshaping how employers and retirees share pension risk.
Public Pension Funded Ratios Decline to 87.4% in September
Market losses during the month erased $112 billion in funding for the 100 largest U.S. public pensions.
U.K. Autumn Budget Advances DC Consolidation, Lifetime Income Reforms
The Treasury aims to make defined contribution plan mergers easier, as well as mandating retirement income for plan participants.
Canadian Pension Giant Takes 20% Stake in Australian Investment Manager
OMERS bought nearly 20% of La Trobe Financial from Brookfield.
PBGC Updates Premium Rates, Guarantee Limits for 2027
Both measures will rise slightly more than inflation next year.
L&G Snags UK’s Largest PRT Mandate of 2026 With UBS
The $2.4 billion buy-in will secure retirement benefits for 7,000 members.
Pension Funding Soars in September due to Interest Rate Hike
A 47-bps jump in benchmark corporate bond rates offset one of the largest market losses of the year.
CPP Investments Partners With AT&T, GIP on Fiber Joint Venture
Forged Fiber 37 will invest across 16 US states to help meet the growing demand resulting from the artificial intelligence boom.
Public Pensions See Improvements in Recruitment, Retention
Plans have had a better time hiring and holding onto talent, according to a report from NCPERS.
PRT Claims Against AT&T Dismissed, but Those Against State Street May Proceed
A federal judge in Massachusetts ruled that AT&T is off the hook after outsourcing selection of its pension risk transfer provider.
Public Pension Funds Commit $100B to Private Equity Strategies in 2025
Limited partners committed to the asset class despite industry headwinds, according to data from Nasdaq eVestment.
Valor Equity Partners Distributes $8.5B in SpaceX Equity to LPs
The venture capital firm, an early investor in the aerospace company, is its second-largest shareholder behind Elon Musk.
AIMCo Posts 7.2% H1 Return as Portfolio Shifts Toward Canadian Energy, U.S. Tech
Assets of the Alberta Investment Management Corp. reached C$210.7 billion, with big moves in Cenovus, Enbridge, Nvidia and American index ETFs.
Returns Drive Small August Boost in Corporate Pension Funded Status
Last month’s equity market performance more than offset a slight drop in interest rates.