Move is expected to reduce liabilities by 30%, and participants and beneficiaries by 50%.
News Archive: Aug - 2018
Fund adds $125 million to reach $8.4 billion, beats benchmarks.
Francis Blair will help PSP Investments debt division’s focus on distressed companies.
Increasing high-quality corporate yields help reduce pension liabilities.
Investments of $20 billion in two CalPERS-backed independent pension organizations would change the face of institutional investing in private markets.
This further fuels the debate over whether corporate America favors investors now or its long-term future.
While Wall Street proclaimed a new record on Wednesday, another view holds that the celebration must wait until 2021.
Public, private equity and inflation-linked assets bolster the Canadian pension plan.
But gains are down from previous year’s 14.6%. Domestic stocks, private equity did the best.
The conventional projection is for six more, though some want it to stop at three.
Summit will help institutions vet talent for the new seeding platform.