Risk
British American Tobacco in £3.4 Billion Pension Buy-In Deal
Maryland Plan Misses Target, Lowers Assumptions
Private equity again rises to the top, but it’s not enough to help the fund clear its benchmark.
With 6.8% Return, CalSTRS Narrowly Misses Target
Private equity is bright spot as market volatility impacts annual returns.
MassPRIM Misses Fiscal Benchmark by a Hair
Fund’s private equity portfolio pulls returns to 6.1% as equities, timberland lag.
Church of England Pensions Board Mulls How to Turn Around Loss
Fund suffered 2.6% loss in 2018, with a plunge in stock holdings.
Connecticut State Pension Funding Level Falls to 38%
Unfunded liabilities nearly double in seven years to $21.2 billion.
Oregon PERS Keeping Assumed Rate at 7.2%
Past returns over five years are lower, at 6.5% annually. The fund cites investing uncertainty in standing pat.
UK Universities Superannuation Scheme Underperforms in Fiscal Year
Brexit woes, global economic uncertainty amid fund’s top concerns.
SFERS Posts 7.81% Return
The San Francisco retirement system has managed to beat its annual expected rate of return for the 2018-2019 fiscal year despite a volatile equity market.
New Jersey Pension Fund Just Shy of 3.09% Benchmark
Real return is the $76 billion plan’s best-performing asset class.
Church Pension Group Beats Benchmarks
$13.5 billion fund has $2.7 billion in commitments to limited partnerships.
CalPERS Just Misses Investment Target
CalPERS investment returns of 6.7%, below its 7% target, will likely be part of the discussion this week at retreat meeting.
AustralianSuper Warns of ‘Low or Even Negative’ Returns
Despite healthy 8.67% annual return, CIO Delaney cautions not to focus on short-term results.