Pensions
Phoenix Pension Fund Returns 5.4% in Fiscal 2023
The City of Phoenix Employees' Retirement System’s asset value grew to nearly $3.4 billion as of the end of June.
Australia’s Cbus Unveils New Leadership Team
The construction and building industry superannuation fund announced changes to its executive leadership structure.
BAE Systems Outsources Management of 2 UK Pension Funds to Goldman Sachs
At 23 billion pounds, the OCIO mandate is the largest in UK history, according to the asset manager.
Virginia Retirement System Returns 6.1% in Fiscal 2023
The commonwealth’s pension fund asset value grew to $105 billion.
NYC Comptroller, Pensions Urge Hollywood CEOs to Resolve Strikes
Brad Lander warns that a prolonged work stoppage may harm the ‘long-term stability' of investments held by the city’s pension funds.
In Turnaround, New York State Pension Plan Returns 3.08% in Fiscal Q1
The fund’s asset value rose to $254.1 billion, a big improvement from the prior-year period.
Maryland State Pension Fund Returns 3.14% in Fiscal 2023
Strong gains from public equity investments raise the portfolio’s asset value to $65.2 billion.
Ontario Teachers’ Pension Reports 1.9% Return for 1H 2023
The C$250 billion pension fund also netted a 4.8% return for the 12-month period that ended June 30.
Pension Risk Transfers Hit Highest Level Ever
Companies that sold their plan liabilities to insurers set records for dollar volume and deal numbers in the first half of 2023, per an Aon study.
Assets in State-Facilitated Retirement Plans Top $1B
Led by programs in California, Oregon and Illinois, the pace of savings growth in state plans is accelerating.
Public Equities Propel 10% 1H Return for Norway’s Sovereign Wealth Fund
Following a weak 2022, the Government Pension Fund Global’s market value rose to $1.443 trillion at the end of June.
CalSTRS Punishes Directors at More Than 2,000 Firms for Weak Climate Risk Disclosure
The $315.6 billion pension giant expects portfolio companies to disclose Scope 1 and 2 emissions, at a minimum.
Mass PRIM Reports 6% Gain in Fiscal 2023 to Raise Asset Value to $96.6 Billion
But the Massachusetts state pension fund missed its benchmark’s return by nearly 300 bps.
Strong Equities, Dip in Liabilities Boost Pensions
July sees fourth consecutive month of improved U.S. corporate pension funding.