Pennsylvania PSERS Reports 2.95% Return in Q1
The $74.6 billion Pennsylvania pension saw strong returns from U.S. equities.
Pensions
TPR ‘Evolving’ to Shift Focus to Defined Contribution Master Trusts
The pension watchdog’s CEO says a ‘radical evolution is taking place’ among U.K. pensions.
CalPERS Announces 9.3% Return in Year Ending June 30
Equities, which comprise 41.9% of the fund's portfolio, led the way with a 17.5% return.
Robust June in Stocks Puts an ‘Exclamation Point’ on Pension Funding
U.S. corporate funding levels stay high as the likelihood grows of an interest rate cut later this year.
Ohio State Representative Proposes Consolidation of State Pension Systems
In response to governance issues at STRS Ohio, a consolidation of the state’s five retirement systems was proposed at an Ohio Retirement Study Council meeting.
Funding for UK Pension Protection Fund Plans Rises Slightly in June
The aggregate funding ratio for the more than 5,000 British pension plans remained unchanged at 149.4%.
CalSTRS Allocates $200M to Kennedy Lewis for Credit Investments
The pension behemoth will invest assets in secured lending with the debt-oriented asset manager.
Atlanta Pension Settles Price-Fixing Lawsuit Against Taro Pharmaceuticals
Sun Pharma-owned pharmaceutical company agrees to pay $36 million due to allegations it fixed prices and misled investors.
US Remains Biggest Force in Pension Realm, per Study
WTW’s Thinking Ahead Institute found that international unrest and an uncertain worldwide economic outlook hinder an otherwise growing global retirement effort.
Japan’s GPIF: Active Engagement Spurs Sustainable Market Growth
The pension giant studied its nearly 27,000 engagements with its portfolio companies and found the fund’s influence boosted the firms’ valuations.
Norway’s NBIM Takes Top Spot as World’s Largest Asset Owner
Japan's GPIF was dethroned due to a weak yen, despite strong fiscal returns in 2023.
Canadian Pension Funded Statuses Hold Steady in Q2
The plans maintained their surplus amidst weak domestic equity performance.
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.
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.