A joint venture led by TIAA Private Investments, and including Antarctica Capital, will manage the investment for the consortium.
News Archive: Jul - 2017
Downgrade would place the state’s credit rating below investment grade.
Capital relief trades seek attractive returns by offering banks more than economic incentives as synthetic collateralizations boom.
World’s largest pension fund returns $70 billion, driven by domestic and international equity exposure.
The $155 billion pension will cut bond holdings and raise caps on illiquid assets.
Newer and smaller funds post outsized returns, while volatility for former declines to match industry.
FCA says investors paying higher prices for funds typically achieve worse performance.
Equity exposure drives strong gains for pension plan.
Asia accounts for almost half of the global total with a record $22 billion invested.
Volume and value are halved year over year after sharp quarterly decline.
The fund exceeds its initial $1 billion target, demonstrating investor interest in renewables.
Audit going back 62 years has found that half the pension’s calculations had an error.
Funded ratio is still up 7.6% YTD, according to Wilshire.
Highlights include state record pension payment, lottery-based contribution law.
“Medium-term imbalances” cast a cloud on the outlook, according to a report.