Risk
Hedge Funds Bet $5.4 Billion on Toshiba
New shares account for more than half of the company’s current market value.
NCR Agrees to US Pension Risk Transfer
De-risking move will help secure $190 million of benefits for 6,000 participants.
Florida SBA Commits Over $1 Billion to Nine Managers
Funds go toward private equity, real estate, and distressed debt investments.
Boeing Boosts Pension Fund by $3.5 Billion
Move is expected to eliminate mandatory pension funding through 2021.
Kentucky’s Sen. Schickel Praised for Sticking to ‘CERS Divorce Bill’
The senator also says passing SB 226 could help the state’s police fund.
GlobalData: UK Pension Reforms Drive Savings
New report predicts UK market’s APE to reach £17.5 billion by 2021.
Michigan Pension Bill Goes to Gov. Snyder
If Senate Bill 401 passes, hybrid plans would get a 7% contribution state and schools.
Chicago Public Schools Borrows $275 Million for Teachers’ Pension, Seeks Additional $112 Million
The district says the loan “creates sufficient cash” in order to fulfill pension obligations.
Michigan GOP Reaches Deal on Teacher Pensions
Teachers union says “back-room deal” would increase financial risk for new hires without improving funding.
IRS’ Delay in Implementing Mortality Tables Affects Pension Decisions
Move means plan contributions, PBGC premiums may rise.
New York City Pension Funds Divest from Private Prisons
Comptroller says alleged abuses and human rights violations made the investment both immoral and risky.
Fitch Revises Down Public Pension Discount Rate, Cites Slow Growth
On average, 1% drop in investment return assumption will bring about 11% increase in total pension liabilities.
Canadian Province Strikes Deal to Protect Paper Mill Pension
Company uses hydroelectricity plant assets to guarantee letter of credit.