US Corporate Pension Funding Rebounds from May Drubbing
The funded status of the 100 largest corporate DB plans edged higher to 88% in June.
News
Research
Canadian DB Plans Flat in Q2 Despite Strong Returns
Falling bond yields prove too much for robust asset gains.
Asset Allocation
Texas Teachers to Shake Up Strategic Asset Allocation
Fund aims to protect against equity risks.
Newsmakers
Kentucky House Narrowly Approves Gov.’s Pension Bill
Proposal is expected to pass in the Senate Wednesday.
Newsmakers
CIO Innovation Awards: 2 Weeks To Nominate
Nominations for this year's 10th annual bash close August 3.
Research
Ontario Teachers’ Pension Releases Inaugural Climate Report
Fund details how it works climate risk into investing its nearly $150 billion in assets.
UK Supreme Court Pension Ruling to Apply to All Public Sector Plans
Government estimates rectifying age discrimination will add approximately £4 billion per year to plan liabilities from 2015.
Newsmakers
New Maryland Law Requires State Pension to Reveal All Fees
Unreported carried interest accounted for as much as 35% of state pension’s total fees in 2018.
Newsmakers
CalPERS Strikes Gold in Gatwick Airport Investment
Initial $155 million investment nine years ago now worth more than $1.24 billion.
Corporate Moves
Bryan Lewis, Pennsylvania SERS’s CIO, Is Leaving
Deputy CIO James Nolan recommended to serve in interim by investment committee.
Corporate Moves
BofAML’s Cross Asset Head Joins the Church Commissioners for England
James Barty will become the organization’s first director of investment strategy, created to navigate upcoming changes.
Market Moves
Multinationals Are Bailing from China, Larry Fink Says
As the trade war winds on with no end in sight, companies are not waiting around to see what happens, BlackRock chief finds.
People Moves Roundup
Man GLG gets some credit PMs, Aon promotes general counel, and more.
Newsmakers
Navab Capital Partners Closing After Founder’s Untimely Death
Firm decides not to continue ‘without him at the helm.’
Regulation
Warren Legislation Would Publicize Private Equity Fees and Returns, and Tighten Pension Obligations
Presidential candidate blasts PE firms, targets predatory opportunities throughout the business model.