Pensions
Shell Closes $4.9B Pension Risk Transfer With Prudential
The pension obligations cover 21,500 of the company's retirees, the first large PRT transaction in the U.S. this year.
News
Newsmakers
Texas Permanent School Fund Appoints Stu Bohart as Deputy CIO
Bohart will oversee strategic partnerships and the fund’s absolute return portfolio.
Asset Allocation
What Monetary Policy Means for Portfolio Returns
Public pension allocators talked Fed predictions, portfolio strategies and uncorrelated assets in a webinar hosted by CIO.
Asset Allocation
Energy Transition and the Global South
The World Economic Forum seeks to accelerate clean energy investment and opportunities in emerging markets; sees need for up to $2.8 trillion by 2030s.
Regulation
SEC Predictive Analytics Proposal Targeted by Senate Republicans
The proposal has been widely criticized by the financial industry for being too broad in its application.
Regulation
SEC Private Funds Rule Challenged in 5th Circuit
The rule that requires additional disclosures from private fund advisers faced skepticism from a three-judge panel.
Pensions
Chicago Teachers’ Pension Boosted Funded Status in Fiscal 2023
With returns of 9.1% for the fiscal year that ended in June 2023, the funded status increased by 400 basis points.
Alternatives
Slowdown in PE Exits, M&A Activity Leads to Smaller, Slower Distributions to Public Pension Funds
Some funds with significant allocations to private equity are facing a negative cash flow from PE distributions.
Asset Allocation
Japanese Pension Giant Rebounds in Fiscal Q3
The Government Pension Investment Fund’s investments returned 2.62% during the quarter that ended in December 2023, raising its asset value to more than $1.5 trillion.
Asset Allocation
Korea Investment Corp. Returns 11.6% in 2023
Equities propelled the $189.4 billion South Korean sovereign wealth funds' returns.
Pensions
Rhode Island Retirement System Sues Boeing
A securities class action complaint was filed by Rhode Island’s general treasurer due to safety concerns negatively affecting Boeing’s share price.
Pensions
Strong Q4 Returns Propel Canadian DB Pensions to 9.1% Return in 2023
Private and public sector plans returned 8.4% in the final quarter, according to RBC Investor Services.
Pensions
MassPRIM Developing AI Model to Aid Investing
Starting with ‘baby steps,’ the fund plans to eventually incorporate decades of the pension fund’s data.
Pensions
Australia’s Pensions Regulator Launches Project on Unlisted Assets
The APRA is putting under review its practices for valuation of unlisted assets, including private equity, commercial real estate and infrastructure.
Asset Allocation
Finding Investment Opportunities in the Energy Transition
What institutional investors are doing to get the most out of the world economy’s move away from carbon-based fuels.