Pensions
Illinois Teachers to Receive $6.2B From State to Boost Funded Status
This marks the third year of cash infusions to bolster the pension plan, with a funding ratio stuck below 50%.
News
Regulation
SEC Finalizes Treasury Clearing Rule
The rule requires most secondary transactions to be centrally cleared by June 2026.
Pensions
Pennsylvania SERS Commits $220M to Private Equity, Real Estate
Along with new commitments to alternatives, the pension fund is also boosting pay for staffers.
Newsmakers
Ontario Teachers’ Taps Pierre Cherki to Oversee New Real Estate Team
Cherki will oversee a team of 40 and manage the pension fund’s C$29.3 billion real estate portfolio.
Asset Allocation
Oklahoma Retiree Files Injunction to Stop Anti-ESG Bill
The complaint claims the 2022 law not only violates the US and Oklahoma constitutions, but that that the financial costs to the state are ‘monumental.’
Risk
Slammed Office Sector Won’t Show Revenue Growth Until 2025, Researchers Say
Even then, the increases will be small, a Green Street analysis concludes.
Pensions
IPERS Plans Private Asset Reallocation
The Iowa Public Employees’ Retirement System will keep PE commitments the same and will increase commitments to private credit.
Asset Allocation
China Investment Corporation Announces 2022 Results
The country’s largest sovereign wealth funds saw its assets decline last year, while returns over the last decade remain ahead of its benchmark.
Alternatives
Fund Managers Target Overlooked ‘Middle Ground’ for Hedge Funds
Traditional pod shops may not be the only strategy for empowering fund managers.
Alternatives
Canada’s CDPQ Invests C$200M in Swedish EV Battery Developer
The investment will go toward the construction of a lithium-ion gigafactory in Quebec.
Risk
What If Inflation Is Stuck at 3%, Derailing Fed Reductions?
The central bank wants the price index growth to ratchet down to 2%.
Pensions
Corporate Pension Funding Sees Mixed November Returns
Corporate pension funding returns varied depending on the allocation of a plan’s assets.
Newsmakers
Mohit Mittal Promoted to PIMCO’s CIO of Core Strategies
The 16-year veteran of the firm will report to group CIO Dan Ivascyn.
Pensions
Developed Nations’ Public Pension Plans Dropped By Average of 15% in 2022
An OECD report details how rough last year was for global funds, although the U.S. was protected slightly by a strong dollar.
Alternatives
M&A, VC, AI Activity Expected to Increase in Next 5 Years, per Coller Capital Survey
The semiannual private equity barometer survey included 110 PE managers answering questions about artificial intelligence, private credit and more.