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.
The fund’s asset value rose to $254.1 billion, a big improvement from the prior-year period.
Strong gains from public equity investments raise the portfolio’s asset value to $65.2 billion.
The C$250 billion pension fund also netted a 4.8% return for the 12-month period that ended June 30.
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.
Led by programs in California, Oregon and Illinois, the pace of savings growth in state plans is accelerating.
Following a weak 2022, the Government Pension Fund Global’s market value rose to $1.443 trillion at the end of June.
The $315.6 billion pension giant expects portfolio companies to disclose Scope 1 and 2 emissions, at a minimum.
But the Massachusetts state pension fund missed its benchmark’s return by nearly 300 bps.
July sees fourth consecutive month of improved U.S. corporate pension funding.
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.
Wisconsin’s Select Equity fund, launched just four months ago, aims to use such techniques as long-short pairings.
However, the Joint Staff Pension Fund’s asset value had recouped more than half of those losses by July 20.
Hill was most recently managing director and head of the sustainable energies group at Canada’s largest pension fund.
The returns are expected to reduce the city’s required contributions to the pension systems by approximately $550 million over the next five years.
The Meghraj Group pension’s sponsor was ordered to pony up nearly 2 million pounds following a dividend payment probe.