CalPERS Updates Portfolio Allocation After Vote
Fixed-income allocation increases to 28% in new portfolio.
News
Ahead of Asset Allocation Vote, CalPERS Bends Toward Simplicity
Allocation strategies changes could double investments in fixed-income or add significant risk to the overall investment strategy.
GPIF’s Mizuno Makes Bold AI, ESG Predictions
World’s largest pension fund CIO explains reasons for Sony Computer Science research partnership.
GPIF to Move to Performance-based Fees for Active Equities Managers
Change could be finalized by April.
Sweden to Raise Minimum Pension Age to 64 by 2026
Reforms will make it harder for companies to terminate pension-age employees.
Pirelli Secures Buy-in Agreement with PIC
Move to cover the total liabilities of three UK pension plans.
Brazil’s Temer Cancels Pension Meetings Due to Surgery
While administration is still optimistic for 2017 reform, cabinet considering 2018 delay.
Kroger Withdraws from Central States Pension Fund
Supermarket chain sets up new fund in labor deal with Teamsters.
Regulation
Brazilian Congress May Push Pension Reform to February
President Temer warns of negative economy if reform is not done swiftly.
Newsmakers
French Government Greenlights Blockchain
New rules permit crypto-tech unlisted security trading, cuts out middlemen.
Regulation
Kentucky Gov. Speculates Special Session in 2017
Worried about fiscal year budget shortfall.
CalPERS Reports 11.2% Return for Fiscal Year 2017
Portfolio gains led by public equities, which returned nearly 20%.
Mercer: Firms Must Evaluate and Adjust to the Shifting Landscape
White paper outlines key areas of focus for wealth managers in 2018.
Funded Status for Pensions Rises in November
Reports from Northern Trust, Mercer show continued improvement.
Report: DC Plan Fiduciary Awareness Continues to Decline
Nearly half of plan sponsors do not consider themselves a fiduciary.