U.S. Public Pension Funds Consider AI for Productivity Uses
Funds are using artificial intelligence tools to automate routine functions where errors are recoverable and human review is routine, NCPERS reports.
Pensions
CalSTRS Returns 13.9% in Fiscal 2025-26
Assets of the California State Teachers’ Retirement System increased to $415.4 billion at the end of June.
MassPRIM Sees 12.7% Return in Fiscal 2026
Assets managed by the Massachusetts Pension Reserve Investment Management rose to $129.5 billion, as a few companies drove equity outperformance in concentrated markets.
Fiscal 2026 Set to Be Another Strong Year for Pension Fund Performance
Equity-heavy portfolios are already producing double-digit growth for some funds.
Taiwan’s Bureau of Labor Funds Allocates $3B in Climate Transition Mandate
Five managers from around the world were selected to run equal parts of the passive infrastructure investment.
Dallas Pension Fund Seeks Deputy CIO
The $4 billion Employees’ Retirement Fund of the City of Dallas seeks applications by August 24.
Australia’s Legalsuper Appoints HESTA Executive as CEO, Names New CIO
The leaders will join the specialist fund in August and October, respectively.
CalSTRS to Anchor Nuveen Sustainable Infrastructure Fund
The Energy & Power Infrastructure Credit Fund II will receive up to $2 billion from the California State Teachers’ Retirement System.
Asset Returns, Interest Rates Fall Among Milliman 100 in June
Though minimal in the short term, persistent drops in pension funding could ‘drain’ firms’ surpluses, cautioned Milliman’s Zorast Wadia.
CalPERS Reports 14.8% Return for Fiscal Year
The preliminary return for the one-year period ending June 30 was driven by public and private equity.
Verizon, Lockheed Martin to Outsource Pensions to Goldman Sachs Asset Management
The agreements represent a combined $70 billion in OCIO mandates.
BlackRock Appointed as Fiduciary Manager for British Coal Staff Pension
The £8 billion OCIO mandate with BCSSS will cover 39,000 members.
Trump Administration Seeks $1B to Restore Delphi Pensions
The effort, included in $87.6 billion supplemental spending request, revives a long-running fight to restore full benefits to levels they were at before GM’s 2009 bankruptcy.
Colorado PERA Returns 14.1% in 2025, Sees Slight Dip in Funded Status
Assets of the pension system rose to $75.1 billion, while unfunded liabilities ticked up to $30.1 billion.
PSP Investments’ Fiscal 2026 Return Falls Well Short of Benchmark
A 7.3% loss from real estate investments created a drag on the pension giant’s performance.