Shareholder Funding Dries Up for Thames Water; Regulator Blamed
Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
Pensions
US Corporate Pensions Continue Funding Surplus in March
Funded status for U.S. defined benefit plans continues to push to all-time highs, according to several data trackers.
CPP Investments Consolidates Wind Energy Investments
UK-based Reventus Power will consolidate the on and offshore investments of the pension fund.
Tech Stocks Fuel Chicago Police Pension’s 11.8% Return in 2023
Despite double-digit gains that raised the fund’s value to nearly $3 billion, the returns fell just short of the pension benchmark’s performance.
NYC Pensions Reach Climate Disclosure Deal With JPMorgan Chase, Citigroup, RBC
City Comptroller Brad Lander said he expects energy supply ratio disclosure will become a ‘new standard’ for the banking sector.
Plan to Replace Mississippi PERS Board With Political Appointees Dies in Committee
A bill already passed by the Mississippi House would have replaced the current board, which public employees elect, amid controversy over increased pension fund contributions.
CalPERS, Stanford Engineering Create Fellowship for Training Institutional Investors
The program aims to foster a pipeline for investment talent.
Japan’s GPIF Seeks to Boost Excess Returns by Resuming Foreign Stock Lending
After ending the practice in 2019, the pension giant is bringing it back with added countermeasures to avoid ‘empty voting.’
CDPQ Promotes Otéra Capital CEO to Lead Newly Consolidated Real Estate Division
Rana Ghorayeb will oversee the pension fund’s $57 billion portfolio as it consolidates its Ivanhoé Cambridge and Otéra Capital subsidiaries.
CalSTRS to Hold CIO Interviews Next Week
The CalSTRS search committee will meet on April 11 as it continues the process of hiring a successor for CIO Chris Ailman.
Unisys Announces $200M Pension Risk Transfer
The transaction is Unisys' sixth since 2021 and its third with F&G Annuities & Life.
US PRT Premiums Increase 53% From Last Year in Q4 2023
Pension risk transfer premiums hit $12.7 billion last quarter.
5 Dutch Pensions Call On Government to Lead Energy Transition
Pension funds can play a major role in the energy transition, the five funds say, but require regulatory support.
Takeaways From BlackRock CEO Fink’s Annual Letter
The longtime leader highlighted his own background as a reason to stress solutions for a looming retirement crisis.
Funded Status of Largest 100 US Public Pension Funds Rises to 78.6%
Per Milliman, it is the highest funded ratio for public defined benefit plans since May 2022.