Pensions

The returns are expected to reduce the city’s required contributions to the pension systems by approximately $550 million over the next five years.

The Meghraj Group pension’s sponsor was ordered to pony up nearly 2 million pounds following a dividend payment probe.

Despite the loss, the fund’s AUM grew to approximately $595 billion thanks to a 4% share transfer from Saudi Aramco.

Carl Astorri will lead the A$300 billion pension fund’s UK investment team.

The proposed reduction would cut the combined employer and employee contribution rate to 16.2% from 31.4%.

It’s trickier for some, like the Norwegian program, which is funded by North Sea oil.

The pension fund accuses Aon of breach of contract, breach of fiduciary duty and negligence.

The former head of Bloomberg’s alternative investment strategy joins the Merced County Employees’ Retirement Association.

The sovereign wealth fund promotes a long-tenured investment veteran who had been deputy CIO since 2021.

Sponsors invested in deals worth $740 million during the quarter, down from nearly $14 billion in Q1.

The union threatened to strike over a missed $50 million payment by subsidiaries of Yellow, which accused the Teamsters of breaching their CBA.

Public equities and private debt were the top performers for the fund’s $462.8 billion portfolio.

The Illinois TRS is also looking to hire a new investment officer and plans to open a Chicago office.

The Mansion House reforms also seek to create superfunds to consolidate the ‘fragmented’ defined benefit market.