Regulation
Federal Judge ‘DROPs’ Police and Firefighter Pension System Lawsuit
Board froze DROP program due to insolvency woes.
News
Newsmakers
Wisconsin Public Employee Pensions to Rise at Least 2.4%
Dividend payments are a result of a 16.2% return for the state’s core fund.
Don’t Get Too Excited over Lower Life Expectancies
Report says actuaries shouldn’t reverse mortality expectations despite recent data.
Asset Allocation
UC’s Bachher Indicates De-risking of Commodities Portfolio in Near Term
CIO also made it clear there will be no new investments in oil and gas-related commodity funds.
Regulation
Grim Fate Looms Over Kentucky Pension Reform
Stivers pessimistic as 10 days remain in regular session.
Manager Selection
Australia’s CBUS to Bulk Up Infrastructure Division
Move follows growing in-house management trend.
Crest Healthcare Admits Shirking Pension Requirements
Firm and managing director plead guilty to misleading The Pensions Regulator.
Corporate Moves
Ash Williams to Chair Council of Institutional Investors Board
Eight new members elected as board officers, directors.
New British Steel Pension Scheme Goals Met
BSPS plans, Tata Steel merger with Thyssenkrupp can now go forward.
Regulation
Court Orders Inquiry into Sears Canada Dividend Payment
A litigation investigator has been appointed to review C$3 billion in shareholder payouts.
Newsmakers
UK University Strikes Continue after Union Rejects Pension Deal
UCU gearing up for additional 14-day strike during exam, assessment period.
Macquarie Acquires Boutique Firm ValueInvest
Firm specializes in global and Japanese equities.
Regulation
Kentucky Sues to Block Pension Reform Analysis Release
Gov. Bevin’s office says law exempts disclosure of report because bill was ‘preliminary.’
Hedge Funds Expected to Make a Comeback
Report says asset class is ‘experiencing a renaissance’ among institutional investors.