Rest Super Names Interim Co-CIOs
Two senior members of the fund’s staff will share the role when current CIO Andrew Lill departs.
Pensions
Consortium Including CPP Investments, EQT, Neuberger Berman Acquires Private School Network
The transaction for Nord Anglia Education will value the day and boarding school system at $14.5 billion.
Dutch Pension Fund ABP Returns 4.6% in Q3
While assets rose to 533 billion euros, coverage ratios fell.
PBGC Approves $635M to Carpenters Pension Fund
The Pension Benefit Guaranty Corporation will provide Special Financial Assistance Program funds to the Detroit Carpenters Fund.
Netherlands Holds Best Retirement System in the World for Another Year
Iceland and Denmark retained their spots near the top of the Mercer CFA Institute Global Pension Index, although the report noted the global need for retirement reform amidst falling birthrates and increasing longevity.
Corporate Pension Funded Status Slightly Declines in September
Plan liabilities increased faster than equity gains, resulting in slight declines in the funded status of U.S. corporate pension plans.
Wyoming State Treasury CIO Fleming to Retire in June 2025
The head of the $30 billion sovereign fund, Patrick Fleming started when the treasury was a ‘one-man shop’ in 2014.
New York Common Earmarks Nearly $3B in Investments in August
The $268 billion pension fund allotted the bulk of its commitments to public equities, real estate, and credit investments.
Royal Mail Finally Launches Britain’s 1st CDC Pension Plan
The debut comes nearly a decade after collective defined contribution pension plans were first proposed in the U.K.
US Public Pension Funds Achieved 1-Year Returns of 9.7% in Q2
The top 5% of performing funds returned just below 13%, according to Nasdaq eVestment’s CIO Quarterly.
Michelin Pension Completes $1.96B Annuity Buy-In With Aviva
The pension risk transfer will cover the liabilities of 15,000 plan participants.
Plan Sponsors Increasingly Seek to Divest All DB Liabilities Amid Corporate Scrutiny
Some 93% of companies with de-risking plans expect to completely divest their defined benefit liabilities, according to a MetLife survey.
Deadline for PBGC Premiums Is Approaching
The due date for premiums is on October 15; roughly 450 plans still have the opportunity to recover $800 million in 2023 premiums.
CDPQ, Nuveen Launch Sustainable Commercial Real Estate Financing Joint Venture
The $600 million program will provide energy efficiency, along with senior bridge and construction financing across the U.S.
Surging Equities Fuel Japanese Pension Giant’s 23% Return in Fiscal 2023
GPIF’s domestic and foreign equity investments earned more than 40% each for the fiscal year that ended March 31.