Endowment Index Declines 0.36% in Q1
Tracking portfolio reverses last year’s gains after surging in January.
News
Report: 38% of UK Workers Can’t Afford Pensions
Survey also finds 16% will opt out due to recent mandatory contribution increases.
Pension Bridge: Texas, Idaho Systems Consider Lowering Return Assumptions
The two public pensions systems would be the latest among dozens that have lowered return expectations in the last 12 months.
Regulation
Kentucky Gov. Signs Controversial Pension Bill, Immediate Lawsuit Follows
Teachers union organizes Friday walkout for members.
Alternatives
Energy Infrastructure May Be on the Horizon for Norges Bank
Unlisted private, infrastructure investments barred by Ministry.
Newsmakers
Texas Teachers Is Moving Expansion Plan Forward
Guthrie says increasing the team will be a “hard sell” to legislature.
Corporate Moves
GPIF Continues Infrastructure Push
World’s largest pension fund adds infrastructure appointment, while global real estate fund-of-funds mandate announcements expected soon.
Newsmakers
South Korea’s NPS Ends Samsung Trading After “Fat Finger” Folly
Samsung investigating internal systems and controls, promises to compensate investors.
UK Proposes Default Drawdown Options for Retirees
Parliamentary recommendation aimed at protecting the ‘less engaged.’
Newsmakers
Soros Changes Tune on Cryptocurrency
Rockefellers, Rothschilds also reportedly join crypto party.
Research
Hong Kong Pension Fund Hurt by China-US Trade Spat
Mandatory Provident Fund is down 0.26% for year despite strong January.
Regulation
Kentucky Gov. to Veto Revenue, Budget Bills
With two days left in the regular legislative session, state lawmakers call Bevin’s move ‘misguided.’
Asset Allocation
BlackRock to Exclude Gun Makers, Sellers in New Funds
The firm also said it would engage directly with gun makers and retailers.
Newsmakers
CalSTRS Takes a Hard Stance on Facebook’s Governance
A privacy scandal leads to a harsh reprimand for social media network from the mega pension fund.
Newsmakers
Gov. Rossello Makes Good on Fiscal Plan Promise
Although proposed labor reforms and pension cuts were excluded, Puerto Rico's board may still impose its own plan.