National Pension Service of Korea Wagers Offices, Hotels Will Recover
The world’s third largest pension fund placed a $1 billion bet on public global real estate with asset manager Russell Investments.
Pensions
Ontario Teachers’, Ares Buy Packaging Company
The investors will take a majority stake in TricorBraun after it reported ‘record sales’ in 2020.
Strong Investment Gains Fail to Boost US Corporate Pensions in 2020
Despite returns of nearly 13%, US corporate plans’ funded level remained flat for the year, thanks to falling rates, Willis says.
PBGC Approves Merger to Aid Struggling Multiemployer Plan
The settlement is intended to help protect 50,000 Giant, Safeway employees and retirees in the Washington, D.C., area.
OMERS Completes $312 Million Sale of Detroit River Rail Tunnel to Canadian Pacific
The pension fund will sell an 83.5% stake in the transcontinental pathway.
Rhode Island Pension Fund Surpasses $9 Billion
State pension fund earns nearly $573 million in November after losing 1.09% in October.
CDPQ to Invest $1 Billion into Wind and Solar Firm Invenergy
The Quebec pension fund hopes the funding will cement the renewable firm’s industry-leading position in North America.
Time Runs Out for Multiemployer Pension Reform in 2020
Senators Grassley and Alexander say it’s too late to include their plan in year-end legislation.
GE Agrees to $1.7 Billion Buyout; BBC Pension Secures £3 Billion Longevity Swap
Athene will provide annuity benefits to approximately 70,000 GE retirees.
CPPIB, AustralianSuper, UniSuper Invest in US Toll Road
The pension heads in Canada and Australia believe the infrastructure assets will guard against inflation.
Public Pensions Fail to Rebound with Market Rally
Report says the worst of the COVID-19 recession has ‘yet to be fully felt by state governments and public retirement systems.’
Nest to Reduce Carbon in its Growing Emerging Market Strategy
The UK-based pension fund will drill down on renewable energy in the strategy, which will roughly double next year.
Danish Pension Fund PKA Launches $3.5 Billion Private Equity Fund
PKA Private Funds IV is part of the pension’s strategy to invest in unlisted growth companies.
New York State Pension Fund Aims to Be Carbon Net Zero by 2040
The $226 billion Common Retirement Fund joins other institutional investors in following the Paris Agreement’s targets.
State Contributions Worry Kentucky Trustees Once More
At lowest funded US public pension fund, the same percentage of active worker payrolls will not net the same level of contributions as in the past.