Corporate Pension Funding Ratios Hit Highest Level Since 2007
Asset surpluses of the largest corporate defined benefit plans continued to surge in September.
Pensions
OMERS’ Bruce Power Completes $1B Inaugural Senior Unsecured Bond Issuance
The issuance from the Ontario pension subsidiary is the largest to date within the Canadian power and utilities sector.
Eli Lilly and Co. Selects Goldman Sachs for $25B OCIO Mandate
The company’s CIO, Susan Ridlen, retired in August, and Goldman Sachs Asset Management will now manage its portfolio.
New York Pension Earmarks More Than $1B, Continues to Shun Public Equities
The New York State Common Retirement Fund has now gone nine of the past 11 months without allocating a dollar to public equities.
Australia’s State Super Hires Frontier Advisors as Independent CIO
The consultant firm will employ the superannuation fund’s investment team and manage its portfolio, while the fund will take a ownership stake in the firm.
CalSTRS Forms Climate Co-Investment Partnership With Carlyle Alpinvest
The California State Teachers’ Retirement System will broaden its access to private equity managers investing in climate solution opportunities.
Penn SERS Returns 10.96% in Fiscal 2025
Assets of the Pennsylvania State Employees’ Retirement System stood at $40.4 billion.
Liquidity, Operational Shocks Pose Major Issues for Superannuation Funds
The Reserve Bank of Australia’s new Financial Stability Review also emphasized the importance of building resilience to financial and cybersecurity stress.
Public Pensions Make Big Gains in Recruitment, Retention
Approximately 52% of funds reported no issue attracting or holding onto talent, according to research from NCPERS.
CPP Investments Takes Stake in 11GW Power Generation Company
The $1 billion minority investment in Alpha Generation LLC will support energy for digital infrastructure.
Larger Deals Shape UK’s OCIO Trends
Outsourced and fiduciary managed assets rose $153.31 billion over the past year, according to Quantum Advisory.
LA Pension Funds to Host Emerging Manager Event
Qualifying asset managers can apply for one of a number of limited meetings with LACERS and LAFPP staff.
IPERS Returns 9.87% in Fiscal 2025
Assets of the Iowa Public Employees’ Retirement System rose to $46.68 billion.
Florida State Pension Misses Fiscal 2025 Benchmark, Projects Full Funding in 17 Years
Equities led the fund’s 10.3% return, which fell short of its target by 60 basis points.
La Caisse Acquires Australian Renewable Energy Company
The Québecois pension purchased Edify, which provides battery storage systems, for $725 million.