UK Watchdog Report Blasts Asset Managers
FCA says investors paying higher prices for funds typically achieve worse performance.
News
Newsmakers
Nevada’s Public Employee Retirement System Sees 12% Return for 2017 Fiscal Year
Equity exposure drives strong gains for pension plan.
Research
Venture Capital Deals Mark Record Quarter in Q2 as Asian Markets Boom
Asia accounts for almost half of the global total with a record $22 billion invested.
Global Infrastructure Deals Plunge in Second Quarter
Volume and value are halved year over year after sharp quarterly decline.
BlackRock’s Global Renewable Power Fund II Closes with $1.6 Billion
The fund exceeds its initial $1 billion target, demonstrating investor interest in renewables.
Newsmakers
Audit: Milwaukee County Pension Riddled with Errors
Audit going back 62 years has found that half the pension’s calculations had an error.
Corporate Pensions Slip 0.4% in June
Funded ratio is still up 7.6% YTD, according to Wilshire.
Gov. Christie Signs New Jersey’s Fiscal Year 2018 Budget
Highlights include state record pension payment, lottery-based contribution law.
Research
Atlanta Fed Revises US Growth Outlook, Clashing with IMF Views
“Medium-term imbalances” cast a cloud on the outlook, according to a report.
Newsmakers
EU Adopts New Rules for Occupational Pensions
Changes are aimed at improving pension governance and transparency.
UK Millennials Shrug Off Pensions
Report finds half as many 18-34 year olds have pensions as older generations.
Newsmakers
World’s Largest Pension Fund Selects Three ESG Indices for $9 Billion Investments
Japan’s Government Pension Investment Fund looks to set a global example.
TPR Post Mortem Dissects Philip Green
Report on deal to fund BHS pension contradicts public statements made by Green.
J.P. Morgan Global Alternatives Raises $480 Million
Fund invests in the distressed shipping sector.
Newsmakers
Jamaica Senate Debates Pension Reform Bills
Reform aimed at making pension system more affordable and sustainable.