How 4 Canadian Pension Behemoths Achieved Investing Success
A research paper profiles value-enhancing deals by the likes of CDPQ and PSP.
Pensions
Pennsylvania PSERS Drops Aon as Consultant
Aon admitted fault for the 2020 mistakes that led to the resignations of pension fund leaders, and the fund has moved on to a new consultant, Verus Investments.
CAAT Report Finds Canadians Lack Confidence in Retirement Timeline
The Colleges of Applied Arts and Technology Pension Plan also identified a widening pension gap between generations.
Texas TRS, ERS to Host Emerging Manager Conference
The virtual event on February 28, 2024, is part of an ongoing effort to identify emerging managers.
Super Funds Seek to Turn Australia Into ‘Renewable Energy Superpower’
A group representing A$1.2 trillion in assets is calling for reforms and investment on ‘a massive scale.’
Illinois Teachers to Receive $6.2B From State to Boost Funded Status
This marks the third year of cash infusions to bolster the pension plan, with a funding ratio stuck below 50%.
Pennsylvania SERS Commits $220M to Private Equity, Real Estate
Along with new commitments to alternatives, the pension fund is also boosting pay for staffers.
Ontario Teachers’ Taps Pierre Cherki to Oversee New Real Estate Team
Cherki will oversee a team of 40 and manage the pension fund’s C$29.3 billion real estate portfolio.
Oklahoma Retiree Files Injunction to Stop Anti-ESG Bill
The complaint claims the 2022 law not only violates the US and Oklahoma constitutions, but that that the financial costs to the state are ‘monumental.’
IPERS Plans Private Asset Reallocation
The Iowa Public Employees’ Retirement System will keep PE commitments the same and will increase commitments to private credit.
Corporate Pension Funding Sees Mixed November Returns
Corporate pension funding returns varied depending on the allocation of a plan’s assets.
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.
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.