Michigan GOP Reaches Deal on Teacher Pensions
Teachers union says “back-room deal” would increase financial risk for new hires without improving funding.
News
Swiss State Pension Publica Divests from Weapon Firms
$38 billion fund is selling off its stakes in five arms manufacturers.
Newsmakers
Louisville Endowment Audit Finds Rampant Mismanagement
Scathing report accuses fund of poor oversight, depletion of funds, and unauthorized transactions.
Newsmakers
PA SERS Gets a Boost in Q1 2017 Earnings
The Pennsylvania-based pension fund trumps last year’s Q1 reports.
Alternatives
Coronado: China Key to Global Economy, Real Estate
Economist also notes that US rate rise likely to be slow based on high levels of debt.
Asset Allocation
How PSP Invested in FY 2017 to Make 12.8% Returns
The annual report shows that a 12.8% return gives net assets an $18.8 billion boost.
Asset Allocation
Institutional Investors, Proxies Rally Against EpiPen Board
New York City Pension Funds lead the charge against Management Proposal 5 with Glass Lewis, ISS’s endorsement as they prep for Mylan’s June 22 shareholder meeting.
Manager Selection
University of Florida Grad Takes Over as Chairwoman of School’s Endowment
Bessemer Trust CIO Rebecca Patterson will serve a six-year term.
Corporate Moves
Viking Global to Return $8 Billion to Investors After Daniel Sundheim’s Resignation
$32 billion hedge fund said the move will allow it to invest in smaller, more liquid investments.
Asset Allocation
Mercer Launches Hong Kong Mandatory Provident Fund Index
Inaugural survey revealed high level of dissatisfaction with the pension fund.
Risk
IRS’ Delay in Implementing Mortality Tables Affects Pension Decisions
Move means plan contributions, PBGC premiums may rise.
Corporate Moves
CEO of Dutch Pension Firm PGGM Resigns
Else Bos will leave the company after more than four years at the helm.
Newsmakers
Pennsylvania Pension Reform Bill Becomes Law
The hybrid pension plan known as Senate Bill 1 was made official, but what does it mean for new and current workers?
Newsmakers
Scaramucci Talks Hedge, Employment, Pension Solutions in Keynote
The SkyBridge founder and potential US ambassador shares his thoughts on economic problems and how to solve them.
Asset Allocation
National Geographic Society Dedicates $50M of Endowment to Impact Investments
Cambridge Associates’ CA Capital Management will manage the nonprofit’s impact investment program.