PSERS, Aon Settle Lawsuit for $7M
The accounting firm admitted to errors in a 2020 risk analysis, significantly disrupting the Pennsylvania education workers’ plan.
Pensions
GE Retirees Strike Deal to Increase Time Limit to Sue Over Unpaid Pension Benefits
Participants had filed an administrative complaint alleging the company renounced its obligation to pay their benefits.
Rhode Island Pension Returns 10.47% in Fiscal 2024
Assets of the ERSRI system rose to $11.369 billion.
Corporate Pension Funded Status Stays Flat in July
Strong equities were equivalent to or offset by a decline in pension discount rates.
UK Chancellor Reeves Meets With Maple 8 Bosses on Implementing ‘Canadian Style’ Investing in British Plans
Reeves wants to learn lessons from Canadian plans on investing.
Institutional Asset Owners Returned 1.1% in Q2
Markets slowed in the period, according to the Northern Trust Universe tracking system.
UC Investments Reaps Big Returns From Index Fund Shunning Fossil Fuels, Tobacco
Some $1.3 billion of the University of California’s $16 billion fiscal 2024 investment gain came from one S&P 500 index fund.
Ontario Teachers’ Pension Leads $150M Venture Round for Credit Card Startup Bilt
Other funding sources included endowments at Vanderbilt and the University of Illinois.
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.’
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.