Australia’s Legalsuper Appoints HESTA Executive as CEO, Names New CIO
The leaders will join the specialist fund in August and October, respectively.
Pensions
CalSTRS to Anchor Nuveen Sustainable Infrastructure Fund
The Energy & Power Infrastructure Credit Fund II will receive up to $2 billion from the California State Teachers’ Retirement System.
Asset Returns, Interest Rates Fall Among Milliman 100 in June
Though minimal in the short term, persistent drops in pension funding could ‘drain’ firms’ surpluses, cautioned Milliman’s Zorast Wadia.
CalPERS Reports 14.8% Return for Fiscal Year
The preliminary return for the one-year period ending June 30 was driven by public and private equity.
Verizon, Lockheed Martin to Outsource Pensions to Goldman Sachs Asset Management
The agreements represent a combined $70 billion in OCIO mandates.
BlackRock Appointed as Fiduciary Manager for British Coal Staff Pension
The £8 billion OCIO mandate with BCSSS will cover 39,000 members.
Trump Administration Seeks $1B to Restore Delphi Pensions
The effort, included in $87.6 billion supplemental spending request, revives a long-running fight to restore full benefits to levels they were at before GM’s 2009 bankruptcy.
Colorado PERA Returns 14.1% in 2025, Sees Slight Dip in Funded Status
Assets of the pension system rose to $75.1 billion, while unfunded liabilities ticked up to $30.1 billion.
PSP Investments’ Fiscal 2026 Return Falls Well Short of Benchmark
A 7.3% loss from real estate investments created a drag on the pension giant’s performance.
CalPERS Highlights Performance of Private Equity Program
The California Public Employees’ Retirement System has come under scrutiny from the Retired Public Employees’ Association of California over its alternative investment program.
Investment Returns Outweigh Small Liability Jump for Pension Finances
The funded status of the 100 largest U.S. corporate defined benefit plans hit 109.6% in May, its highest since July 2001.
CPP Investments Re-Bids for ReNew Energy Global
A consortium led by the Canadian pension giant has proposed to acquire the remaining shares it doesn’t own in the renewable energy company for $6.75 each.
North Carolina Pension Decides Against NHL Investment, Still Sees Prospects in Sports
While the North Carolina Retirement Systems passed on the opportunity to invest in the Carolina Hurricanes, the system is exploring opportunities in the sector, according to State Treasurer Brad Briner.
Illinois Municipal Retirement Fund Redeems Assets From Equity Manager
Brown Capital Management’s international all-company strategy will shut down following the $100 million redemption.
CPP Investments’ 7.8% Fiscal 2026 Return Buoyed by IT, Communications Sectors
The Canadian pension’s asset value rose to C$793.3 billion despite ‘tariffs, trade disputes and geopolitical tension.’