CIO’s LDI Survey Now Open
Survey tracks liability driven investment practices and vendor experience/capabilities.
News
Major Restructuring of CalPERS Investment Committee Could Become a Reality
A plan would reduce investment committee members and the number of meetings. It is being objected to by at least one board member.
Newsmakers
Exclusive: New Mexico ERB CIO Jacksha Is Worried About the Trade War
The $13.3 billion fund’s chief has very large portion of the portfolio in alts, as a buffer against bad times.
UK DB Plans’ Deficit Widens to £90.7 billion in July
Funding level falls to 95% from 97%.
Risk
Texas Pension Returns Nearly 10% in First Half of 2019
Investment portfolio gains 3.2% in Q2 to reach $31.9 billion in assets.
CalPERS Board Member Wants Internal Investigation into Leaks Made Public
Margaret Brown says she is not the one leaking information to the press about confidential CalPERS matters.
Risk
New Mexico ERB Beats Peers, Logging a 7.29% Return
Alternatives, US stocks, and bonds help fund value achieve new ‘high water mark.’
Corporate Moves
Arizona Blue Cross Blue Shield’s NextGen Nabs Job with Family Office
Terence Thompson’s financial career started in the Air Force.
Market Moves
US Negative Interest Rates Would Be a Disaster, El-Erian Warns
Allianz economist notes decline of yields and worries they might crop up in America.
Multiemployer Pension Lifeboat Sinking Fast
PBGC multiemployer program is expected to run out of money in six years.
People Moves Roundup
Hirtle Callaghan names private equity director, PGIM Fixed Income adds senior portfolio manager, and more.
Corporate Moves
Children’s Health Dallas’ Investments Director Departing
Ryan Bailey’s exit marks the first 2019 NextGen to further career.
Newsmakers
New Mexico PERA CIO to Appear on CIO Podcast
Dominic Garcia to talk about David Villa’s mentoring, innovations, and more.
Risk
Hawaii ERS Blasts Past Its Benchmarks
Pension fund returns 5.8%, a whole point-plus more than the goal.
Risk
NY State Pension Returns 3.38% in Q2
$216.2 billion retirement system also names Anastasia Titarchuk CIO.