CalPERS Mulls Fixed-Income Future
Proposed changes would maintain the portfolio's heavy tilt to global equities, while likely increasing investments in fixed-income.
News
Regulation
Kentucky Education Groups Offer Alternative Pension Reform Plan
Coalition calls for less generous plans, but nixes switch to DC.
Newsmakers
Florida’s State Pension Votes to Sue Valeant over Losses
State board of administration alleges it lost $62 million due to fraud.
CIO Announces Consultant of the Year Finalists
Winner to be announced during December 7 awards gala following CIO’s Influential Investors forum.
Research
Ivy Endowments Have Topsy-Turvy Year in Fiscal 2017
Data shows Ivy League endowments are increasing their focus on private investments.
Regulation
Houston Voters Approve $1 Billion in Pension Bonds
$750 million will go to the city’s police pension, and $250 million to the municipal workers' pension.
Newsmakers
Oregon Task Force Offers Ways to Cut Pension Deficit by $5 Billion
Ideas include privatizing universities, and boosting alcohol and lottery revenue.
NCR Agrees to US Pension Risk Transfer
De-risking move will help secure $190 million of benefits for 6,000 participants.
Newsmakers
Church of England Launches Extractive Industries Investing Policy
New standards could lead to divestment, but only ‘as a last resort.’
Research
Japan’s Pension Fund Returns 3% in Q2
Foreign, domestic equities help the fund earn $39 billion for the fiscal second quarter.
Asset Management Culture
Agecroft Reflections: Fee Structures, Benefits of Emerging Managers within Hedge Fund Portfolios
Panelists provide perspective on traditional vs. nontraditional fee structure alignments.
Newsmakers
US Treasury Approves MPRA Benefits Reduction for Michigan Pension
International Association of Machinists Motor City Pension is the fourth fund to receive approval.
Norway Pension Fund Balances ESG with Returns
The world’s largest sovereign wealth fund uses its influence to produce both change and returns.
Asset Management Culture
Agecroft: Asset Owners Share Hedge Fund Perspectives
Investors discuss signals for manager deselection and hedge fund strategies.
Research
Canadian Pensions Report Sixth Consecutive Positive Quarter
Pensions earned 0.55% for the quarter, and 6.14% over the past year.