CalPERS Board Adopts New Contribution Rates
Change driven by lower assumed rate of return, salary increases, and weak investment returns
Change driven by lower assumed rate of return, salary increases, and weak investment returns
Tax considerations, rising PBGC premiums drive move, Russell Investments says.
Goal is to make Saudi Arabia less dependent on oil income and attract more foreign investors to the country’s capital markets.
North America sees downturn of deals, while Europe posts highest aggregate total since 1Q 2016.
Five funds apply to the Treasury Dept. to have benefits reduced for their members.
Even with lowered returns, no negative impact on ability to meet obligations.
New York-based plan expected to resubmit application with revised assumptions.
No changes expected to the investment team, process or strategies that Adveq manages on behalf of clients.
Kick off collaborative efforts towards impact by committing more than $17.1 million to a fixed-income bond fund.
State treasurer expects the move to save the state about $5 million a year in fees paid to managers.
A net 83% of investors believe US equities are overvalued, with allocations dropping to their lowest levels since January 2008.
BSGR claims fraud, defamation in loss of mining rights to Guinea deposit.
On the CIO challenges of finding the right metrics for opaque assets, outside managers and the board.
Bill proposes defined contribution plans become the new default.
Cash-outs, annuities and terminations become increasingly prevalent.