CalPERS Equity Portfolio Edges Out S&P 500 Returns in Q4 2022
CalPERS’ equity portfolio returned 7.92% in the fourth quarter of 2022, eclipsing the S&P 500 performance by 84 basis points.
Pensions
New York Common Retirement Fund Cuts Public Equities in Favor of Alts
The $242 billion pension giant reported a robust 4.51% investment return in Q3 of its fiscal year.
Corporate Pension Funding Posts Small Gain in January
Lower effective yields on 10- and 30-year Treasury bonds, and on corporate credit, decreased the discount rate, offsetting strong equity gains.
Indiana Anti-ESG Bill Could Cost State Pensions $6.7 Billion Over 10 Years
Bill aimed at protecting pensions’ financial interest may instead box them out of lucrative private markets.
CPPIB Returns 1.9% in Q3 of Fiscal 2023
The Canadian pension giant increased its asset value to more than $400 billion to close out the calendar year.
Oklahoma Taking Names as It Seeks to Weed Out ESG Investors
State Treasurer Todd Russ is making a list of companies that break the state’s anti-ESG law.
Japan’s GPIF Suffers 4th Straight Quarterly Loss for 1st Time in 20 Years
Investment losses for the first three quarters of fiscal 2022 totaled more than $55 billion.
Ontario Pension Giant OMERS Promotes Ralph Berg to CIO
After the April 1 transition, current CIO Satish Rai will remain as an adviser until he retires in 2024.
Bipartisan Bill Aims to Restore Delphi Retirees’ Pension
Representatives reintroduce the Susan Muffley Act, which stalled in the Senate last year.
New York State Teachers’ Posts Strong Q4 Equity Returns
The retirement system finished 2022 with its equity holding total at $40.69 billion, up from $38.46 billion the previous period.
Public Pension Funding Status Rose in 2022, NCPERS Says
The figure climbed to 77.8%, up 3 percentage points from the year before, a survey shows.
Norway’s Pension Giant Adds Chinese, Indian Firms to Exclusion List
Pension fund accuses AviChina, Bharat Electronics of selling military equipment to Myanmar’s armed forces.
New York Common Earmarked More Than $1.1 Billion to Alts in December
The pension fund also terminated a nearly $500 million account with Rockefeller Asset Management.
Canadian DB Pension Plans Lost Estimated 10.3% in 2022
The median loss was the highest reported since the 2008 financial crisis.
PIMCO Investment Managers Tell SCERA They Expect Debt to Bounce Back in 2023
The $3.2 billion Sonoma County Employees’ Retirement System’s investment committee heard a discussion about the current state of fixed income.