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.’
Pensions
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.
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.