Pensions
Strong Q4 Returns Propel Canadian DB Pensions to 9.1% Return in 2023
Private and public sector plans returned 8.4% in the final quarter, according to RBC Investor Services.
MassPRIM Developing AI Model to Aid Investing
Australia’s Pensions Regulator Launches Project on Unlisted Assets
Norway’s Pension Fund Global Rebounds in 2023, Still Misses Benchmark
Rallying equities helped the pension giant return 16.1% during the year, but it fell 18 basis points shy of its benchmark.
Malaysia’s Employees Provident Fund Names Encik Ahmad Zulqarnain Onn CEO
Ahmad Zulqarnain succeeds Datuk Seri Amir Hamzah Azizan, who left the $211.5 billion fund to become Malaysia’s second finance minister.
Market Rally Raises US Public Pension Funded Levels to 2023’s Highest Point
The stock market rebound in November and December spurred a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman.
CDPQ Aims to Save C$100M per Year by Bringing Real Estate Units Into Main Business
The Canadian pension giant is integrating Ivanhoé Cambridge and Otéra Capital, also announcing the April departure of Ivanhoé Cambridge CEO Nathalie Palladitcheff.
NY State Pension Continues to Dial Back Its Stock Exposure
The New York State Common Retirement Fund exited more than $4.4 billion worth of public equity investments during the first 11 months of 2023, moving more into private equity and emerging managers.
Seattle, Austin Pension Funds Seek Investment Consultants
SCERS and COAERS have both issued RFPs for consultants with terms starting in the new fiscal year.
US Corporate Pension Plans Ended 2023 at Record Funding Levels
CalSTRS Board Approves Plan to Increase Portfolio Leverage up to 10%
Most US Public Pension Funds Are Distressed, per Equable Report
New York City Pension Funds Report Calls 2023 ‘Difficult Year’ for Shareholder Proposals
Climate-related initiatives struggled due to a ‘well-funded backlash’ from conservative interest groups.
NYC, Oregon Pension Funds Named Lead Plaintiffs in Fox Lawsuit
The plaintiffs’ claim that Fox News’ business model included knowingly engaging in defamation ‘appears promising,’ a Delaware Chancery Court says.