Pensions

December 6, 2024

Hollywood Firefighter Pension Lawsuit Alleges Insider Trading by United Health Execs, Including Slain CEO

The late Brian Thompson, along with two other executives, were accused of dumping stock prior to February announcement of a DOJ antitrust investigation into the company.

December 6, 2024

Norges Bank Excludes UK Mining Firm Evraz for Aiding Russia’s War Against Ukraine

The world’s largest pension also excluded a telecom firm for aiding the expansion of Israeli settlements in the West Bank.

December 5, 2024

Most Pension Funds Intend to Increase Spending on Scenario, Risk Modeling Tools, per Survey

Pension executives reported confidence in their plans’ abilities to manage these processes, but there is room for improvement, according to Ortec Finance.

December 3, 2024

PBGC to Become Fiduciary Manager of St. Joseph Pension Plan

As St. Joseph Health Services liquidates, the Pension Benefit Guaranty Corporation will take over management of the health care pension plan. 

December 3, 2024

Ontario Teachers’ Pension, Nordic Capital Acquire Max Matthiessen

The pension fund also bought three logistic assets in Paris.

December 2, 2024

SDCERA Seeks Investment Consultant

The San Diego County pension issued a request for proposal, with submissions due by December 13.

November 27, 2024

US PRT Market Sees $14B in Volume in Q3

Nearly half of this quarter’s pension risk transfer volume came from IBM’s $6 billion PRT with Prudential, per Legal & General Retirement America.

November 27, 2024

Ontario DB Plans’ Funding Drops for 1st Time in Nearly 2 Years

The plans’ funded ratio was down two percentage points to 121% in Q3 due to a drop in discount rates.

November 26, 2024

PBGC Provides Special Financial Assistance to 100th Pension Fund

In the latest grant, $41.5 million will be provided to the ILWU Employers’ - Warehousemen’s Plan.

November 25, 2024

Kodak Considers Terminating Overfunded Pension Plan

Termination of the plan could net the company as much as $585 million, more than its market cap, though a final decision has not been finalized.

November 25, 2024

Public Pension Funded Ratios Register 1st Decline Since April

The funded ratio for the 100 largest U.S. public pension plans fell by 160 basis points in October.

November 21, 2024

US Equities Buoy Canada Pension Plan’s 3.6% Return in Q2

The pension giant’s asset value rose to C$675.1 billion, as of the end of September.

November 20, 2024

Alberta Names Former Prime Minister Stephen Harper as AIMCo Board Chair

The Alberta government sacked the board and top executives of the fund earlier this month over cost concerns.

November 18, 2024

AIMCo Political Takeover Flies in Face of Canadian Model

The Alberta Investment Management Co.’s costs were in line with other Canadian funds, but governance issues pose risks, pension experts say.

November 18, 2024

NYCERS Becomes 89th Member of Net-Zero Asset Owner Alliance

Only seven other U.S. institutional investors have joined the group, which aims to align its portfolios to meet the Paris Agreement’s climate targets.