News
Regulation
Italy Moves to Lower Pension Eligibility Age in Budget Proposal
European Union has to approve the measure, which is aimed at making room for younger workers.
Research
GPIF Could Use AI to Determine Manager Selection
The $1.4 trillion pension fund’s Sony Computer Sciences collaboration could help radically change the industry.
Newsmakers
Romania to Double State Pensions by 2022
Government plans to boost pension spending to $35.2 billion in four years.
Risk
Washington State Investment Board Returns 10.04%
The returns beat pension system peers and are the result of the investment organization’s large commitment to private market investments.
Exclusive: San Francisco Pension System Approves Divestment of Five Fossil Fuel Companies
Stock of Hess Corp. will be divested along with other energy companies if they don’t justify oil and gas reserves and stop denying climate change.
Newsmakers
Italy’s Pension Head: Early Retirement Age Idea Would Be a Costly Mess
Although the measure seeks to open up the job market to younger generations, Tito Boeri says it could increase their pension debt by ‘about 100 billion euros.’
Risk
New Hampshire Retirement System Grows to $8.87 Billion
Fund has beaten up to 90% of its peers over the past quarter-century.
IMF Cuts Outlook for Global Growth
Trade war with China contributes to downgrade for US forecast.
Fresno County Pension Fund, Royal Bank of Canada Partner for Impact Investment Venture
Deal aims to aid California county’s fixed income investments and help local businesses with government lenders.
Risk
Columbia Endowment Reports 9.0% Return for 2018
Investment gains were lowest among any Ivy League endowment.
Australian, British Pension Players Join Canadian Retirement Manager in UK Port Deal
PSP Investments sells minority stakes in Forth Ports to Cbus, First State Super, and GLIL.
Using Crowdsourcing to Dowse for Dollars
With a little effort and creativity, global tactical asset allocation can boost a fund’s returns.
UK DB Pensions Increase to 97.7% Funded
Aggregate deficit of nearly 5,600 plans plunges more than 65% in August.
Tourbillion Joins Highfields, Criterion Capital in Recent Hedge Fund Closures
Struggling firm’s founder said the fund had ‘recently not delivered’ expected results, and will return more than $1 billion by year-end.