Endowments and Foundations Eye Positive Economy, Emerging Markets
NEPC survey finds geopolitical tension among biggest concerns.
News
Pension Fund Sues Ocwen over Alleged Breached ERISA Duty
Lawsuit claims firm hurt pension’s investments by pushing homeowners into foreclosure.
US Blue Chips Contribute Record Amount in 2017
The so-called $20 billion club’s pension funded status rises to 84.4%.
LACERA Explores PE Sale
RFP says $1.25 billion of private equity assets could be sold at a secondary sale.
Newsmakers
Oregon Files Suit Against Wynn Resorts
Alleges ‘massive breaches of fiduciary duty’ caused damage to the company and the long-term value of the stock.
Newsmakers
Church of England Joins Rio Tinto Resolution
Investors are calling on the company to disclose ties with mining industry bodies.
HOOPP Grows to $77.8 Billion, Remains 122% Funded
Fund exceeds benchmark by 2.99%.
Manager Selection
Organizational Changes, New Roles Created for Australian Future Fund
Changes made to simplify structure, focus on performance.
Newsmakers
Diocese of La Crosse Cuts Pension Plan
More than 1,000 pensioners to lose benefits; Fund had been frozen since 2007.
Former Congressman Named Chair of POWER Pension Coalition
Lack of Congressional reform could tank 100 multiemployer plans.
Asset Allocation
Tobacco, Weapons Exclusions Reduce Norway Fund’s Returns
Fund manager reports that some ‘ethical exclusions’ have lowered the fund’s performance.
Regulation
Oregon Passes Law to Boost Public Pensions
Two funds will be created to help reduce the state’s $25 billion in unfunded liabilities.
Regulation
A.G. Beshear Declares KY Pension Substitute Still Illegal
Cites issues with teachers’ COLA reductions.
UK Pension Liabilities Surge to £7.6 Trillion
State pension liabilities claim £4 trillion.