Teamsters Drop Yellow Strike Threat After Central States Pension Extends Benefits
The union threatened to strike over a missed $50 million payment by subsidiaries of Yellow, which accused the Teamsters of breaching their CBA.
The union threatened to strike over a missed $50 million payment by subsidiaries of Yellow, which accused the Teamsters of breaching their CBA.
Public equities and private debt were the top performers for the fund’s $462.8 billion portfolio.
The Illinois TRS is also looking to hire a new investment officer and plans to open a Chicago office.
The Mansion House reforms also seek to create superfunds to consolidate the ‘fragmented’ defined benefit market.
The pension giant raked in $72 billion during the quarter thanks to its public equities portfolios.
Positive asset returns, combined with rising bond yields, helped boost pension funds’ solvency.
Veteran of state’s pension program and university system will stand in for the recently retired Holland Timmins.
Notable among the pension giant’s outlays was a $1 billion investment in a fund managed by Khosla Ventures.
Bruce Crane has managed the Canadian pension fund’s infrastructure and natural resources investments in the region since 2020.
Milliman index shows that insurers’ appetite for interest-rate risk may be waning.
The 100 largest public plans saw an aggregate investment loss of 1% during the month.
State Comptroller Thomas DiNapoli warns that firms ‘that engage in political spending risk damaging their reputations.’
The $1.4 trillion pension fund manager’s two-year research project will also investigate how resilience and sport psychology can boost results.