US Pensions Return 6.47% for Fiscal 2019, Miss Target
Market volatility, active management worked against all plan types.
News
Market Moves
Despite Trump Gesture, the Trade War Will Worsen, BofA Warns
White House delay on some new tariffs doesn’t convince analysts that peace is at hand.
Newsmakers
No More Limos for LACERA Board’s Travels
Board votes to mandate additional restrictions on travel permissions after current practices draw scrutiny.
Corporate Moves
Merging Australian Supers Get a New CEO
Computershare chief Scott Cameron will head Equipsuper and Catholic Super prior to consolidation.
Italian Fund to Add Infrastructure, Real Estate
Solidarietà Veneto’s private market experience helped build confidence in beefing up alts exposure.
Millions at Risk of Falling for Pension Scams
UK Regulators warn public to be wary of tactics used to pilfer their savings.
A Proposed CalPERS Board Code of Conduct Is Still Generating Controversy
The policy has the support of the majority of board members but others argue the vague language can be used against board members who dissent.
Corporate Moves
Cambridge University Recruits New CIO from Family Office
Investment board member Tilly Franklin will lead the fund, after Nick Cavalla’s sudden departure last year.
Newsmakers
Och-Ziff Who? Hedge Fund Firm to Change Name in September
Firm looking to distance itself from troubled past.
Risk
Nevada Public Pension Beats Benchmark with 8.5% Return in 2019
Retirement system also met or surpassed yardstick for three, five, and 10 years.
UK Recruitment Firm Prosecuted for Trying to Avoid Giving Pensions
SKL Professional Recruitment is also accused of lying to The Pensions Regulator.
Newsmakers
Church Commissioners CEO to Retire After 25 Years
Andrew Brown helped diversify fund’s assets, progress responsible investment policies.
Alternatives
New York Continues Big Push into Infrastructure, Hand-in-Hand with Blackstone
Emerging markets, private equity get additional attention from one of the country’s largest pensions.
Risk
Stocks, MLPs Put a Hurt on Oklahoma Teachers’ Performance
Alts have a strong showing, but allocation mixes prove their fare is not enough for overweight equities.
UK Pensions Making ‘Fat Living’ Off of Hidden Fees
Scathing report says industry can’t be trusted to voluntarily disclose all fees.