How to Boost Diversification, From 2 Wise CIOs
Investment chiefs Jonathan Grabel of LACERA and Thomas Richards of the University of Missouri explain how they have broadened their portfolios’ range of investments.
Pensions
Swiss Pension Fund Publica Lost 9.6% in 2022
The $47.8 billion fund, which still outperformed its benchmark, blamed the decline on ‘massive upheaval’ of global financial markets.
JPM: Reopen Corporate DB Plans or Stop Closing and Freezing Them
Sponsors no longer need to block new workers from defined benefit pensions, as the programs are an advantage, says a study.
State & Municipal Treasurers Publish Letter Encouraging McCarthy to Make Deal on Federal Debt Ceiling
They say a default would be ‘catastrophic’ and devalue portfolios, damaging pension funds and 401(k) plans.
Tata Steel Expects to Complete British Steel Pension Buy-In by Mid-2023
Trustee secures third buy-in policy for $2.5 billion worth of liabilities.
NYC Pension Fund-Led Group Strikes Deal With Apple on Workers’ Rights to Organize
Tech giant agrees to publish independent assessment on employees’ rights to unionize.
CalPERS Commits $1 Billion to Boost Diversity Among Alts Managers
The pension giant is investing $500 million in both TPG’s Next Fund and GCM Grosvenor’s ‘Elevate’ strategy.
LCP Expects Record Year for UK Pension De-Risking in 2023
Buy-in and buy-out volumes are forecast to top 2019’s record of £43.8 billion
U.S. State, Local Public Pensions Saw Funding Statuses Fall in 2022
The Equable Institute recently released its year-end update to State of Pensions 2022, covering the funding status of public pensions across the country.
Teachers’ Retirement System of Illinois Issues RFP for Investment Consultant
The $60.7 billion pension system is seeking a firm to assist in investment decisions after RVK’s 5-year term expires this year.
Poor December Equity Performance Reduces Pension Funding Status
Corporate pension funding statuses marginally retreat from record funding levels to end 2022.
Florida’s Pension Posts $14 Billion Investment Loss in Fiscal 2022
Portfolio’s 6.7% loss misses benchmark by a mile, as funded ratio sees double-digit drop to 82.9%.
New York State Comptroller Calls for Political Spending Disclosures
Thomas DiNapoli files shareholder proposals with nine companies held in the state pension fund’s $233.2 billion portfolio.
Pension Spending Supported $1.3 Trillion in Economic Output During Pandemic
Report finds strong economic gains attributable to DB pension expenditures in 2020 despite COVID-19 outbreak.
How Allocators Can Boost Their Woeful Diversity
Milken Institute study spells out methods to enhance DEI in the finance industry.