CalPERS Mulls Terminating Contract with Delinquent Group
Move would reduce the pensions of 62 retirees and 135 separated employees by approximately 63%.
News
Ontario Teachers’ Pension Fund Invests $2 Billion in Clean Infrastructure Partnership
Anbaric Development Partners will build clean energy infrastructure projects, upgrade aging transmission networks.
Pennsylvania State Fund Returns 6.5% in 2016
Fund hires new real estate consultant, replaces hedge fund asset class with a multi-strategy asset class.
Newsmakers
Learning By Doing
An ambitious privatization program forms part of the reform program for the Greek economy negotiated with the European Institutions and the IMF. How is it being implemented?
Asset Allocation
Looking Beyond The Election
Strategy and tactics for asset allocation during the Trump administration.
Canada Enacts Pension Reform Changes
Canada will increase the maximum retirement benefit by more than 50%.
Credit Suisse: Institutional Investors Looking to More Favorable Hedge Fund Fee Structure
Survey respondents anticipate a 3.5% increase in net hedge fund inflows for 2017.
Bain: Private Equity and Public Market Return Differential Narrowing
Deals won’t be getting any cheaper, consulting firm predicts.
UK Pension Regulator Secures $446 Million Settlement for Ex-BHS Staff
BHS owner Sir Philip Green will provide funding for a new independent pension plan.
Two Member Firms Resign from Silver Price Fixing
Thomson Reuters and the CME Group, which have been providing the price fixing since 2014, said they will continue to operate and administer the auction until the LMBA can find new providers.
UK Pension Plan Invests £130 Million in Environmentally Aware UBS Fund
NEST’s goal is to provide returns similar to the FTSE Developed Index.
Clearing Pension Hurdle Helped GM Sell its European Operation for $2.3 billion
GM will assume much of Opel’s pension obligations and will pay PSA about $2.93 billion to settle pension underfunding.
Bill to Rescind DOL Rule Extending Pension Coverage Sparks Fierce Debate
The concern is that employers may push participants out of their private plans and into those run by the state.
Newsmakers
The Cost of Being Average
Investors are embracing indexing as a cheap guarantee against underperformance—but can they afford to abandon active management?