CalPERS Reports 11.6% Return in Fiscal 2025
Private equity delivered double-digit returns for America’s largest pension.
Pensions
Ontario Teachers’ Pension Departs Airport Business
The pension fund sold its stakes in the five airports it owned in multiple transactions spanning fewer than three months.
UK Plumbing Pension Picks WTW as OCIO for $1.63B Plan
The Plumbing and Mechanical Services Industry Pension Scheme aims to eventually offload its liabilities to an insurer.
Ohio Legislators Reshape Teachers’ Pension Board Structure
According to the recently passed state budget, teachers will see their representation on the State Teachers’ Retirement System of Ohio’s board slashed to three from a majority of seven by 2028, following years of governance conflict.
Apollo-, Athene-Backed Athora to Acquire PRT Provider Pension Insurance Corp.
The $7.78 billion acquisition of the U.K.-based defined benefit insurer will create a group with $158 billion in assets.
NC State Legislation Moves Sole Pension Investment Decisions Away From Treasurer
The newly created North Carolina Investment Authority’s five-member board will oversee all investment activities for the state’s retirement system.
Asset Gains for 100 Largest Public Pensions Surge $98B in May; PRT Costs Decline
Funded levels for the plans rose to 81.1% during the month.
Oregon Passes Bill to Manage Climate Change Risks
The legislation, which awaits the governor’s signature, calls for boosting investments in clean energy.
Largest Corporate Pension Plans Add $22B in May
The funded status of the 100 largest corporate defined benefit pension plans continued rebounding from Q1 drop.
PSP Investments Returns 12.6% in Fiscal 2025
The assets of the Canadian Public Sector Pension outperformed its benchmark and rose to $220 billion.
Half of DB Sponsors Plan to Stay in the ‘Pension Ecosystem’
As funding levels have improved, corporate finance officials are looking instead at plan design and risk management options, Mercer research found.
LACERA Fraudster Charged With Grand Theft, Conflict of Interest
Carmelo Marquez is accused of awarding $120,000 worth of IT contracts from the Los Angeles County Employees Retirement Association to a company he owned.
LA Pension Fund Commits $75M to 3 Funds
More than half of the allotment was earmarked for a private equity fund targeting European tech firms.
New York State Common Retirement Fund Assets Rise to $272.8B With 5.82% Return
The pension slightly missed its long-term benchmark in the fiscal year that ended March 31, while Comptroller Thomas DiNapoli warned of continuing market volatility.
Illinois Municipal Retirement Fund Commits $300M to Real Assets, Alts
The IMRF made commitments with Blue Owl Real Estate, Khosla Ventures, Charlesbank Capital Partners and Great Hill Partners.