World’s Largest Pension Fund Hits $1.4 Trillion
Japan’s Government Pension Investment Fund fails to beat its 2014 return record after fourth-quarter stock and treasury slump.
Risk
Colorado Public Pension Returns 18.1% in 2017
Strong returns and new legislation help raise funded status to 61% from 58%.
Higher Beneficiary Life Expectancy Pushes Denmark Fund Into Hedging Portfolio
ATP needs higher returns to meet future needs of population, with newborns adding 2-4 years to projected lifespans.
Swarthmore Endowment Will Not Divest from Fossil Fuels
Board of managers upholds 1991 policy to seek financial results, not social objectives.
Canada Pension Plan Investment Board to Issue Green Bonds
The ESG-related securities will contribute to the fund’s $2.3 billion renewable energy investment plans.
Southampton University Is Closing Its DB Plan for Future Non-Teaching Members
Contributions may increase for existing beneficiaries.
Insolvency Looms Larger for PBGC Multiemployer Program
Projections now show a 90% chance the program will run out of money in seven years.
Romania’s Mandatory Private Pension Becomes Optional
Labor minister says everyone should have a choice concerning Pillar II.
Billion Dollar Hedge Fund Club Grows to $889B
North American exits make way for European entrants to the group.
US Single Premium Pension Buyout Sales Hit $1.38 Billion in Q1
Sales fall sharply from $11.1 billion in previous quarter.
Ireland to Establish $9.3 Billion Rainy Day Fund
The country’s sovereign wealth fund will transfer the initial €1.5bn ($1.75bn) to the plan.
Netherlands Metal Workers Pension Fund Pulls Investments in Coal
Fund says its producers have a grim future as society abandons the fuel as an energy source.
Canada Pension Plan Returns 11.6% in Fiscal 2018
CEO expects fund to report double-digit losses once every 10 years.
Luxembourg Pension Reserve Just Misses Its 2017 Benchmark
The small shortfall comes despite a bigger stress on risk.