Pennsylvania PSERS Sues Aon Over Accounting Error
The pension fund accuses Aon of breach of contract, breach of fiduciary duty and negligence.
The pension fund accuses Aon of breach of contract, breach of fiduciary duty and negligence.
The former head of Bloomberg’s alternative investment strategy joins the Merced County Employees’ Retirement Association.
The sovereign wealth fund promotes a long-tenured investment veteran who had been deputy CIO since 2021.
Sponsors invested in deals worth $740 million during the quarter, down from nearly $14 billion in Q1.
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.