Stocks, MLPs Put a Hurt on Oklahoma Teachers’ Performance
Alts have a strong showing, but allocation mixes prove their fare is not enough for overweight equities.
Risk
Moody’s: Kentucky Pension Reform Is a Negative for State’s Credit Rating
Credit agency says the reform only pushes costs into the future. Gov. Bevin says he’s ‘not surprised.’
British American Tobacco in £3.4 Billion Pension Buy-In Deal
Fund is fifth FTSE 100 pension plan to complete risk transfer transaction in 2019.
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.