CalPERS Increases Climate-Related Investments by Nearly $10B
Approximately half of the new investments will be in public equity, with the rest going into private markets.
Pensions
Austin Pension Selects Meketa as New Investment Consultant
Meketa Investment Group was chosen after a six-month RFP process.
Saskatchewan Healthcare Pension Returns 8.43% in 2023
SHEPP saw its assets grow to $7.29 billion at the year end.
LACERA Wins Court Decision Backing Its Authority Over Employee Compensation, Classification
The state appellate court ruling reversed a 2018 decision by the Los Angeles Board of Supervisors to reject the retirement system’s proposed changes.
Worldwide Pension Funds Rebounded in 2023, but Failed to Make Up for 2022’s Wipeout
An OECD study concluded that last year’s progress did not bring funds back to year-end 2021 levels.
Rolls-Royce & Bentley Pension Enters $1.1 Billion Annuity Buyout
The pension risk transfer with Standard Life will cover 6,000 employees.
British Columbia Investment Management Returns 7.5% in Fiscal 2024
Assets of the plan increased to $182.88 billion at the end of March, boosted by strong returns in equities and private debt.
NY State Pension Returns 11.55% in Fiscal 2024, Dumps Another Stock Fund
The $267.7 billion pension giant cashed out of $3.8 billion worth of equity investments in March and April alone.
STRS Ohio Board Votes Against Performance Bonuses for Investment Staff
The board of the pension fund voted 5-4 to negate any performance-based compensation.
Iowa Pension Recommends 9 New Managers for Real Assets Portfolio
IPERS plans to make $500 million in real assets commitments in 2024.
Illinois Teachers’ Pension to Prioritize Liquidity, Volatility Protection in New Asset Allocation Plan
The fund also made up to $570 million in commitments to new and existing managers.
Penn SERS Adjusts Asset Allocation Targets, Makes New Commitments
The fund will decrease its emerging equities exposure target for US equities as it reports a 3.81% return in the first quarter.
Public Pension Funded Status Reached 79.4% in May
Funded status of the largest 100 US public pensions increased from strong market returns.
PSP Investments Returns 7.2% in Fiscal Year 2024
In the period ending March 31, the $192.71 billion pension fund's portfolio was boosted by strong equities and clobbered by underperforming real estate.
The Evolution of Insurance in the Age of PRT
Private equity investment in the insurance industry is affecting how some view risks in the pension risk transfer market, while others say it will broaden the PRT sector’s appeal as a diversification tool.