Moody’s: NJ State Lottery Pension Law “Slightly Positive,” More Work Required
Report indicates while the law is a step in the right direction, lottery floor covers 25% of state pension’s ARC.
Research
Virginia Retirement System Sees 12.1% Return for FY 2017
Public, private equities help boost fund to historic high.
Mortgages, Cars, Credit Cards Drive Household Debt Higher
US household debt has surged more than 15% in just four years.
Labour, House of Commons: 37 Million to Be Affected by UK Pension Age Increase
More than 56,000 in Prime Minister’s constituency.
Survey Shows Finance Executives’ Top Reasons for Pension Risk Transfer
72% of respondents likely to transfer additional liabilities in the future.
Hedge Funds Among Marketable Alternatives Gaining Popularity in Endowment, Foundation Portfolios
NEPC survey finds responders more optimistic about US economy despite political uncertainty.
Milliman: Corporate Pension Funded Status Rises $4 Billion in July
Funded ratio sees little movement in the first seven months of 2017.
CalPERS $100K Pension Club up 63% Since 2012, Watchdog Says
Transparent California’s report notes more than 850 six-figure CalPERS retirees in Santa Clara County.
CalPERS still analyzing data.
Post-Brexit UK Sees Stunt in Private Equity Real Estate Deal Flow
Recent months show improvement as industry recovers.
Oxford University Endowment Returns 16.4% for 2016
Fund cited active management as major contributor to strong returns.
Mercer: S&P 1500 Pensions 83% Funded in July
Interest rates still “40 basis points above 2016 lows.”
UK Defined Benefit Plans’ Deficit Shrinks
Reports from Pension Protection Fund and Mercer show improved DB funding.
MSCI EM Index Up 25% YTD
WTI Crude prices hit $50 for the first time since May.
Despite Increased Competition, VC Fund Managers Confident in Future Opportunities
Preqin study finds main concerns are the exit environment, fundraising, and performance.