Newsmakers
A.G. Beshear Gets Witness Thrown Out in Kentucky Pension Case
Republican Gov. Bevin attacks judge as a biased Democrat.
News
Hedge Fund Manager Sentenced to Six Years for Fraud
Yasuna Murakami ordered to pay $10.5 million in restitution for running Ponzi scheme.
UK Workplace Pension Participation Surges to Record High
Auto enrollment helps portion of workers with pensions rise to 73% from 47% in five years.
Asset Allocation
Ohio Teachers’ Pension System Buys Remodeled Texas High-Rise
State retirement system targeting Dallas for real estate portfolio investments.
Newsmakers
New Accounting Rules Trigger a Paper Loss for Berkshire, but Buffett Says It’s OK
Company has $110 billion ready to make a large cash acquisition.
Risk
Treasury Approves Benefits Cuts for Fifth Pension Fund
Alaska Ironworkers Pension sees reduction plan accepted on second try.
TPR to Seize Assets of Employers Ignoring Pension Fines
High Court enforcement officers will be used to force delinquent companies to pay up.
Tax Collected from Lifetime Pension Allowance Soars 1000%
Government windfall rises to £110 million from £10 million in 10 years.
Asset Allocation
Oregon PERF to Grow Infrastructure Portfolio
Move is part of a $3 billion inflation hedge.
Asset Allocation
Canadian Pension Returns Defy Slumping Domestic Equities
Pensions returned 0.37% during Q1, despite Canadian equities falling 3%.
Rising Treasury Rates Spur Pension Funding
Report shows pensions’ funding ratio increased 2% in April.
Central States Pension Fund Could Be Insolvent by 2025
Executive director lays out plans to de-risk, shore up the plan.
Newsmakers
Calif. VC, Entrepreneur Vivek Ranadivé to Headline CIO Summit
Owner and chairman of the Sacramento Kings, founder of Bow Capital, and founder of the multi-billion dollar software company TIBCO will explore the forces shaping the future.
Milken: CIOs Say Divestment Isn’t the Way
To change problematic companies, institutional investors say to stay in and help restructure ESG policies.
Regulation
Colorado Pension Reform Heads to Conference Committee
A number of differences in the House and Senate versions of a new bill calls for debate.