World’s Largest Pension Funds’ AUM Up 8% in 2019
Report finds size matters, as the larger the fund, the higher the compound annual growth rate was from 2014 to 2019.
Pensions
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Ontario Teachers’ Pension Invests $350 Million in Indian Private Credit
The fund is teaming up with Indian private debt manager Edelweiss Group.
Korean Pension Giant Weathers COVID-19 Crash During First Half
The $635.5 billion fund was aided by being overweight in fixed income and underweight in equities.
CalPERS Retirees Call for Board President to Resign
The demand for Henry Jones’ ouster is the latest fallout from the resignation of CalPERS CIO Ben Meng following complaints he violated state ethics rules.
Pennsylvania Teachers’ Pension Sheds $2 Billion in Risky Investments
Move receives praise from State Treasurer Joe Torsella.
Texas TRS Names Heather Traeger General Counsel
Former general counsel Carolina de Onís has moved to UTIMCO.
New Jersey Governor Proposes $4.6 Billion Pension Payment
The record contribution falls short of what’s needed for the nation’s worst-funded retirement system.
Court Rules for Colgate Retirees in Benefit Calculation Lawsuit
Colgate may have to pay a total of $300 million to 1,200 retirement plan participants.
Teamsters Pension Asks Supreme Court to Reverse PE Firm Withdrawal Ruling
Pension says circuit court ruling ‘provides a blueprint’ for private equity funds to ‘escape withdrawal liability.’
Local Government Pension Funded Ratios Hold Steady Amid COVID-19
But financial strains on governments could make it harder to pay required contributions.
State Pensions Entered Pandemic in Worse Position than in 2008
Report finds ‘overly optimistic’ assumed returns are more than 2 percentage points higher than they should be.
Maryland State Pension Returns 3.6% in FY 2020
Fund beats its benchmark to raise its asset value to $54.8 billion.
Kentucky Retirement Systems Returns 1.2% for Fiscal 2020
State pension plans collectively beat their benchmarks, but fall far short of their peers.
Pension Debt Expected to Surge Due to COVID-19 Volatility
Moody’s forecasts a 6% rise in total adjusted pension liabilities in 2020.