Australia’s Prime Super Names McQueen as New Investments Head
Formerly head of Media Super prior to and during its merger, Michael McQueen will run investments for the multi-industry superannuation plan.
Pensions
Aon Adds $4.56B in OCIO Assets With 3 New Clients
A defined benefit pension administered by the company is among the funds outsourcing assets in its EMEA region.
Utilities, Real Estate Equities Fuel Canadian Pension Plans’ 5.1% Q3 Returns
The performance raised the plans’ year-to-date return to 9.6%.
Nokia Named Mercer as OCIO for US Retirement Plans
The telecom giant outsourced the investment of its defined benefit pension and defined contribution portfolios.
UK Pension Allocates 3% of Portfolio to Bitcoin
According to pension adviser Cartwright, an unnamed client allocated a single-digit percentage to the digital asset.
PBGC Approves SFA Funding for 4 Pension Funds
Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund, all distressed funds, were provided with support.
CPP Investments Launches Joint Venture to Bolster UK Housing Market
The C$648.8 billion pension giant will own a 90% stake, while real estate firm Kennedy Wilson will take a 10% interest and manage the operation.
Florida CFO Tells Pension Funds to Consider Crypto Investments
Jimmy Patronis called on the $245 billion State Board of Administration to study adding digital assets to the state’s pension fund.
Underperforming Alts Weigh Down New Hampshire Pension Returns
The New Hampshire Retirement System’s 8.8% fiscal 2024 return missed its benchmark by 310 basis points.
Illinois Municipal Retirement Fund Seeks Real Estate Managers
The IMRF aims to commit at least $50 million to residential property strategies.
Deutsche Bank UK Pension Completes $1.4B Buy-In
The pension risk transfer transaction will be the bank’s third with Legal & General.
Surging Domestic Equities, Bonds Buoy Canadian Pensions’ 5% Gain in Q3
The median plan’s returns rebounded from weak gains in the second quarter and negative returns a year ago.
PBGC Approves $23.6M Grant to Midwestern Teamsters’ Pension Fund
Special financial assistance funds will preserve pension benefits for 615 transportation-industry participants.
World’s Largest Sovereign Wealth Fund Climbs Closer to $2T
Norway’s GPFG could be the first $2 trillion pension before the end of next year.
BCI Sees Progress and Room for Improvement on Company Engagement
The $181 billion Canadian pension fund voted against management more than one-quarter of the time in fiscal 2023.