Despite a 1.5% Loss, Norway’s Sovereign Wealth Fund Still Beats Q1 Benchmark
Negative returns triggered by increasing uncertainty as well as volatility in global equities markets.
Risk
Danish Pension Fund ATP Loses 1% in Q1
Fund blames first negative quarter since 2015 on falling global equities.
Corporate Pension Bond Bulls Could Further Flatten the US Treasury Yield Curve
Fear of a downturn creates a rise in de-risking.
New Institute Challenges ESG-Minded Divestment Movement
Group decries push to dump fossil-fuel stocks, saying that will hurt returns.
Four Pension Funds Apply for Benefits Reductions
Spate of applications brings 2018 total to five funds seeking permission to reduce benefits.
Judge Cuts Mississippi Hospital Pension by 25%
Special fiduciary warned the fund would be depleted by 2025 without action.
Bentley Workers Mull Strike over Pension Closure
Union warns a strike is likely if the company shutters the defined benefit plan.
Institutional Investors ‘Somewhat Concerned’ US Could Enter Bear Market in Next Two Years
The closely watched Commonfund survey also shows investors are bullish on emerging markets but anticipate US underperformance.
Colorado Senate Passes Pension Reform Bill
Proposed changes aimed at eliminating the unfunded liabilities of the state’s pension plans.
Minnesota Senate Unanimously Approves Pension Bill
Reform backers say proposal would produce $3.4 billion in immediate savings.
Connecticut Pension Funds Return More Than 16% in 2017
The state’s retirement plans and trust funds increased by $4.2 billion to $34.4 billion.
Texas Teachers’ Albright Seeks Canadian Model Adoption
Plans to supersize internal staff, cut external costs by at least $600 million.
Ontario Pension Board Returns 10.8% in 2017
Fund’s investments were managed by government-created management corporation for the first time.
Calif. Treasurer Calls for Assault Weapons Divestment
John Chiang urges institutional investors to divest from sellers of military-style weapons.
Sears to Contribute $407 Million to Pension Plans
Retailer will use proceeds from two loans to provide funding.