Pension Fund Sues KKR, Alleging $500M Payout Had ‘No Value’ to Unitholders
The lawsuit claims the firm’s founders and executives breached their fiduciary duties and ‘wanted to enrich themselves.’
Pensions
OMERS to Expand Investments in Italy With Acquisition of Transit and Advertising Network
The pension fund, along with DWS, will fully acquire Grandi Stazioni Retail.
Nova Scotia Fund Returns 7.93% in Fiscal 2024
Assets of the Nova Scotia Pension Services Corp., which oversees four pension funds, rose to nearly $10 billion.
Fresno Retirement Systems Announce 10.37% Pension Return
The fund outpaced its 9.89% benchmark with strong stock returns.
San Bernardino County Pension Announces Preliminary 9.3% Return in Fiscal 2024
The assets of SBCERA grew to $15.2 billion.
CalSTRS Achieves 8.4% Return in 2024 Fiscal Year
Assets of the California teachers’ fund rose to $341.4 billion at the end of June.
Mass PRIM Achieves 9.9% Return in Fiscal 2024
Assets of the PRIT fund reached a record $105.3 billion at the end of June.
CDPQ Finances $75M in Second Investment in Quebec Data Center Provider Vantage
Institutional investors are fueling momentum in data centers, which continue to grow in 2024, according to CBRE research.
Value of Pension-Backed M&A Deals Soars to $13.6B in Q2
Despite seven fewer transactions than one year earlier, total deal value rose 158%.
Pensions in Michigan, Jersey City Add Bitcoin ETFs to Portfolios
Only three public pension funds are known to have acquired these types of ETFs.
Public Equity Allocations Lead the Way for Public Pension Funds
The top-performing public pension funds this year are likely to thrive with a higher allocation to equities, according to Markov Processes International.
Dallas Pensions’ Low Returns, Funded Ratios Blamed on Private Equity Performance, Allocation
A city-commissioned analysis found Dallas will have to contribute ‘significant' amounts of money to improve the pensions’ funded status.
CPP Promotes New Chief Risk Officer
Priti Singh, the fund’s capital markets factor investing head, has been promoted to CRO, while Heather Tobin succeeds her.
NYC Pension Adopts ‘First in Nation’ Guidelines for Private Real Estate Investments
The Responsible Property Management Standards are intended to increase the quality and sustainability of residential real estate investments across seven core principles.
Qantas Super, Australian Retirement Trust Plan Merger
The combination would give Qantas members access to a broader choice of investment options and enhanced member support and services, including digital and education tools, per Qantas.