Median Canadian Pension Plan Loses 3.7% in Q3
But median pension plans north of the border are up 1.6% year to date, according to Northern Trust.
Pensions
Tepid Turnaround Seen for Alts, Once Investors’ Darlings
AUM growth decelerates and fundraising softens, Preqin reports.
Pennsylvania PSERS Reports Preliminary 3.54% Return for 2023
The $72.8 billion pension fund also launched a new strategic plan and hired an external derivatives manager.
Canada Pension Plan Increases Green, Transition Investments by 20% to C$79B
The pension fund also said its internal operations have reached carbon neutrality for scope 1, 2 and 3 emissions.
Favorable Economic Conditions Fuel Q3 Rise in Annuity Sales
Registered index-linked annuity sales hit a new quarterly record at $12.6 billion.
NYC Comptroller Urges OxyChem to Stop Importing Asbestos
The Occidental Petroleum-owned firm is the only company in the U.S. that still imports the toxic chemical.
ATI to De-Risk Nearly $1.8B in Pension Obligations
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
CalPERS Selects Executive Search Firm to Identify New CIO
The system needs to replace CIO Nicole Musicco and hire a fourth lead investor in five years.
US Public Pension Funding Poised to Rebound in 2023 Reporting
However, only half of the state and local retirement systems exceeded their assumed rate of return for the year.
Netherlands Ranks 1st Among 47 Global Pension Systems
The 2023 Mercer CFA Institute Global Pension Index ranked pension funds around the world on adequacy, sustainability and integrity; the US got a C+.
Iowa PERS Announces 5.41% Return for Fiscal 2023, Exceeding Benchmark
The fund grew to $41.13 billion, a $1 billion increase over the last fiscal year.
LA County Pension Seeks Senior Investment Officer for Real Estate
The $77 billion pension fund is also looking to hire an investment officer for corporate governance and stewardship.
US Corporate Pension Funding Rises Slightly in September
Funding status rebounded from a loss in August.
Equity Gains Buoy Ohio School Employees’ 7.4% Return in Fiscal 2023
The School Employees Retirement System of Ohio topped its benchmark and raised its asset value to $17.8 billion.
Illinois SURS Looking to Hire New CIO
The $22.6 billion pension fund is also seeking investment analysts for fixed income, equities and real assets.