Australia’s Hostplus, Statewide Super to Explore Potential Merger
If approved by trustees, the resulting allocator would manage more than A$77 billion in retirement assets.
Pensions
BCI, Gamut to Invest in Transportation Firm PS Logistics
The Canadian investor is betting on continued growth in the continental shipping of goods.
David Veal to Join Texas Employees Pension as CIO
He leaves the Austin, Texas, city pension fund after five years to replace outgoing CIO Tom Tull.
New Jersey Ups Pension Contribution 44% Due to Tax Receipt Surge, US Aid
The Garden State’s program has been one of the nation’s most underfunded.
NY Pension Giant Earmarks $3 Billion for Multi-Asset Strategic Deals
The New York State Common Retirement Fund allocated a total of $4 billion during April alone.
CalPERS Appoints Marlene Timberlake D’Adamo First DEI Officer
The former chief compliance officer at the $466 billion pension fund is moving into the newly permanent position.
Ontario Teachers’ Goes on Spending Spree in Education, Food, Workforce Technologies
The allocator led a series of funding rounds into ApplyBoard, Motif FoodWorks, and Beamery.
The Public Sector Pension Investment Board Gains 18.4% in FY2021
An extraordinary recovery in the capital markets netted the Canadian allocator double-digit earnings.
Sanofi Agrees to Bolster Pension, Match Dividends with Plan Contributions
TPR pressures French biopharmaceutical company to boost UK defined benefit plan funding.
Air France–KLM Completes De-Risking of Pension Plans
The airline struck a deal with five unions to convert a ground crew pension into a defined contribution plan.
Despite Market Rebound, Rising Unemployment Hurt Public Pensions
A report from the Center for Retirement Research finds that layoffs led to increased contribution rates.
PSERS Trustees Yank Their Request to Oust Executive Director, CIO
Board members at the beleaguered pension fund withdrew their call for a vote of termination at Friday’s meeting.
Penn SERS CIO Seth Kelly Resigns
He leaves the pension fund after less than a year on the job; Deputy CIO James Nolan will take over as acting CIO.
Six Pennsylvania PSERS Trustees Seek Termination of Executive Director, CIO
The board members are asking that a vote of no confidence be called at Friday’s pension board meeting.
Dutch Pension Giant ABP Commits to Net-Zero Initiative
The UK’s National Trust and the Church of Sweden are among other investors to adopt the Net Zero Investment framework.