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.
Pensions
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.
CalSTRS Flexes Co-Investing Muscles
The $346.5 billion California teachers’ pension fund addressed leverage in its private equity policy with an eye toward expanding its co-investments and collaborative strategies portfolio.
Iowa Public Employees’ Retirement System Returns 9.07% in Fiscal 2024
The fund’s assets grew to $43.61 billion by the end of June.
STRS Ohio CIO, Acting Executive Director Resign
Controversy continued at the $92 billion Ohio teachers' pension.
Korean Sovereign Wealth Fund Appoints Park Il Young as CEO
The executive moves from the World Bank Group for a three-year appointment.
CDPQ Acquires 25% Stake in Engie-Owned UK Hydroelectricity Provider
The C$452 billion pension fund bought the stake in a deal with Brookfield Asset Management.
CDPQ to Build Forestland Portfolio in US Pacific Northwest
The Québecois pension plan will take a stake in asset manager Chinook Forest Partners as part of a new investment platform.
Penn SERS Earns 5.2% During 1st Half of 2024, 1.3% in Q2
The retirement system also hired RVK as the general investment consultant for its pension plans.