Kentucky Pensions Return Double Digits in Fiscal 2025, Assets Near $30B
The Kentucky Public Pension Authority reported strong returns across several funds, with each exceeding 11%.
Pensions
Former Employee Accuses IBM of ‘Imprudent’ PRT Decision
IBM and State Street stand accused of putting cost savings ahead of retirees’ security by handing $14 billion in pension obligations to a Prudential unit.
Shell to Outsource $40B in European Pension Assets to Goldman Sachs
The mandate is one of the largest for the asset manager, which oversees $450 billion in OCIO assets.
Assets of Largest Pension Funds Rise to Record $24.4T
The largest 300 defined contribution and defined benefit plans saw their assets surpass their peaks in 2021.
Oregon PERF Posts 3.2% Q2 Return
The $95 billion Public Employee Retirement Fund outperformed its benchmark by 2 basis points.
US Public Defined Benefit Returns Beat Targets By A Mile
The median return of 11.3% for fiscal year 2025 topped the funds’ assumed rates of return by 430 basis points.
Canada Pension Plan’s Allocation to Energy Stocks Surges In Q2
Tech stocks remained the $527.3 billion pension fund’s top holdings, led by Nvidia, Microsoft, and Apple, despite dumping 22% of its Alphabet shares.
La Caisse’s Equities Portfolio Leads 4.6% First Half Return
The Québec pension fund’s asset value rose to $357.5 billion.
Maryland SRPS Returns 9.83% in Fiscal 2025
Assets of the State Retirement and Pension System rose to $73.5 billion.
Berenberg, Lurse Awarded First OCIO Mandate
The two firms had previously partnered to offer outsourced CIO services to German occupational pensions.
Multiemployer Pensions See Asset Surpluses for First Time
The funding ratio of U.S. defined benefit multiemployer plans reached 100% at the end of June, according to Milliman.
Corporate Pensions See Funding Ratio Gains in July
The funded status of corporate plans increased for the fourth consecutive month, primarily due to a decline in the value of liabilities.
PRT Market Outlook Remains Strong, Despite Mega-Deal Slowdown
The U.S. and U.K. will continue to be the center of the $1 trillion pension risk transfer boom, according to Legal & General.
Norway’s $1.9T SWF Divests 11 Israeli Investments, More Possibly to Come
The country’s central bank has also terminated its contracts with external managers in Israel.