As Corporate Pension Liabilities Shrink, How Does Hedging Change?
Plan sponsors’ needs for long-dated bonds and the role of fixed-income managers may change as average liabilities fall to fewer than 10 years.
Pensions
DB Plans Focus on Hedging Volatility, Evaluating Options
Some pension CIOs are adjusting their market scenario analyses to make sure their portfolios are well positioned to capture upside and avoid drawdowns.
UK Parliament Passes Pension Reforms Bill, Paving Way for Megafunds
The changes to the country’s pension system are set to become law.
Market Turmoil Sparked by Iran War Wiped Out $233B in Public Pension Funding
A 3.5% aggregate investment loss for the 100 largest public defined benefit plans in the U.S. sent their funded ratios sharply lower in March, according to Milliman.
Australia, Its Super Funds Plan to Increase UK Collaborations
The two commonwealth countries signed an agreement to further unlock bilateral investment of superannuation and pension capital.
BlackRock: Record High Corporate Pension Surplus Levels Need to Be Preserved
According to the asset manager, plan sponsors should focus on investments, plan management and governance to help plans achieve and maintain full funding.
NYC Pension System to Invest $4B in Affordable Housing
The New York City Housing Investment Initiative, announced by Comptroller Mark Levine, would deploy $1 billion per year over the next four years.
March Market Losses Drive Down Corporate Pension Funding, Quarter Still Strong
The funded status of the largest 100 U.S. corporate defined benefit plans improved by $6 billion in the year’s first quarter, according to Milliman.
UK’s Largest Pension Fund Acquires Majority Stake in Private Credit Firm Venn Partners
The Universities Superannuation Scheme aims to help ease the domestic housing crisis by supporting the development of affordable housing.
Nest Awards Crescent Capital $605M Direct Lending Mandate
The investment is part of the pension plan’s aim to allocate 30% of its portfolio to private markets by 2030.
La Caisse Forms Joint Venture to Acquire European Logistics Properties
The Quebec-based pension and industrial REIT manager Prologis plan to deploy $1.17 billion.
GPIF Ranks Microsoft No. 1 in Sustainability Disclosure For 4th Straight Year
Foreign equity managers working for Japan’s $2 trillion Government Pension Investment Fund lauded the tech giant’s sustainability reporting.
New York Common Commits $1.4B to Emerging Market Equities
The $300 billion pension giant has been increasing its holdings of international and emerging markets equities.
IPERS Executives Placed on Administrative Leave Following Misconduct Allegations
Iowa Public Employees’ Retirement System CEO Greg Samorajski and Chief Benefits Officer Steven Herbert are the subjects of separate investigations.
Public Pensions Adapt to Market Volatility, Inflation
Public plans are weathering several market disruptions, notes a report from NCPERS.