Developed Nations’ Public Pension Plans Dropped By Average of 15% in 2022
An OECD report details how rough last year was for global funds, although the U.S. was protected slightly by a strong dollar.
Pensions
PensionDanmark Sells Tesla, Puts It on ‘Exclusion List’ Over Union Dispute
The car manufacturer is refusing to enter into a union agreement in adjacent Sweden.
PMT Energy Program Starts With 49 Oil and Gas Firms, Ends With 9
The $80 billion Dutch pension fund defends keeping shares of BP and Shell after 2-year and says talking to companies is often more effective than divestment.
AP7 Adds 2 Chinese Firms to Blacklist Over Large-Scale Coal Production
Three companies were removed from the list, which now totals 106 excluded companies.
Chris Ailman Wins CIO’s 2023 Lifetime Achievement Award
The CalSTRS investment chief, a masterful financial strategist and well-regarded collaborator with peers, receives the honor at CIO’s Industry Innovation Awards.
Oregon Investment Council Releases Q3 Returns Ahead of Board Meeting
The fund returned 5.7% in the 12-month period ending September 30, trailing its benchmark’s 10.1%.
What Is the Future of the 60/40 Portfolio?
Already a trope in transition, the traditional portfolio had a rough 2022, so modern-day allocators must evaluate all potential paths forward.
Mass PRIT Fund Returns Remain Up Despite Market Forces
Alternative investments helped the $95 billion pension fund outperform the markets in the most recent quarter, and the fund saw a $7.8 billion gain in the 12-month period that ended September 30.
UN Pension Fund Looks to Add 3 to Investment Team
The $82.4 billion UNJSPF is seeking investment officers for its sustainable investment, private equity and emerging debt portfolios.
New York State Common Earmarks $1.9B in September Investments
More than half of the monthly commitments were made within the pension giant’s credit portfolio.
UK Chancellor’s Autumn Statement Proposes Pension, Benefits Increases
The Conservative Party government’s plans also include consolidating smaller pension funds and extending programs to spur investing in startups.
Pension Risk Transfers Poised for 2nd Strongest Year Ever
AT&T’s May transaction and other large PRTs push up the tally, Legal & General reports.
OMERS Deal Values Maple Leaf Sports & Entertainment at $8B
That’s nearly five times its valuation in 2012, when Ontario Teachers’ sold its 79.53% stake for almost $1.3 billion.
US Corporate Pension Funding Status Keeps Climbing
After another month in which funded status improved, according to most projections, some models reached their highest points in more than a decade.
Canada Pension Plan Investments Lose 0.7% in 1st Half of Fiscal 2024
The pension giant also sold a buyout fund portfolio for C$2 billion and German wind assets for C$374 million.