Regulation
Duke Pays More than $10 Million to Settle Retirement Plan Lawsuits
The university allegedly violated ERISA with poor investments and unreasonable expenses.
News
Risk
How Dallas Police and Fire Plans to Revitalize Its Portfolio
New CIO Kent Custer describes his team’s approach to transform the pension’s growth engine.
CalSTRS Wants to Double Co-Investments
Co-investments only make up around 5% of the CalSTRS private equity portfolio but additional investments may help build up the overall private equity program.
Newsmakers
Davos Thought Leaders Optimistic on China’s Economy
A slowdown and trade war won’t derail world’s second-largest economy, they say.
Alternatives
Los Angeles Fire and Police Pension Evaluates Potential Real Estate Direct Investment Platform
Feasibility studies begin on the rare investment strategy.
Risk
Hawaii State Pension Unfunded Liability Rises to Record $13.4 Billion
Actuary forecasts it will take 25 years for retirement system to become fully funded.
Risk
Norway’s Sovereign Wealth Fund Adds Three Firms to Exclusion List
Fund divests one company due to human rights violations, and two for coal activities.
Newsmakers
CalPERS CIO Meng Says Pension Plan Must Expand Private Equity
Ben Meng says it’s essential for the plan to build a new private equity organization to meet return projections.
Newsmakers
CalPERS Former No. 2 Investment Official Hires Employment Lawyer After Resigning
Elisabeth Bourqui hires lawyer who represents workers in their disputes with employers, including wrongful termination cases.
Newsmakers
Monetary Policy Keeping Dalio Up at Davos
The founder of the world’s largest hedge fund expresses concerns about interest rates at global annual summit.
How Long Do Retired Public Employees Live?
Actuarial study focuses on mortality rates for teachers, safety professionals, and general employees.
Risk
Another Swedish Pension Fund Makes Huge ESG-Focused Divestment
Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund.
Newsmakers
New CalPERS CIO Orders Full Review of Investment Activities
Ben Meng wants to see how the largest US pension plan can use its advantages to maximize returns.
IMF, OECD Global Forecasts Increasingly Downbeat
Decline in growth expectations coincided with start of US-China trade war.
Newsmakers
New California Governor Aims to Cut CalPERS, CalSTRS Debt
Gavin Newsom’s plan for the two largest US pension plans allocates more than $7 billion to reduce their unfunded liability and help California school districts with their contributions to pension costs.