Newsmakers
AZ Reps Urge Voters to Change State Constitution for Pension Reforms
Finds issues with PSPRS’ DROP system, looming statewide crisis.
News
Newsmakers
UK Court Rules in Favor of IBM
Dismisses High Court’s 2015 ruling that said Project Waltz breached contractual duty with employees.
FTSE 100 Firms Pay £150 Billion a Year to Pensions – And It’s Not Enough
LCP: Liabilities have risen at a faster pace than assets over the past 10 years.
Research
Canadian Pension Returns Positive Despite Negative Equity Returns
Tracking service has reported five consecutive quarters of positive results.
Asset Management Culture
Deadline Extended to Nominate Most Innovative CIOs, Best Asset Managers of 2017
Deadline extended until Tuesday evening.
PBGC: Multiemployer Pension Insurance Insolvent by 2026
Report projects that the multiemployer program's deficit will rise to $80 billion in less than nine years.
NYC Public Pension System Preliminaries Show 12.95% Return
Including 2017, compound rate of return is 7.4% over the last four years.
Report: 18% Rise in NY Pensions Over $100K
More than 50% of six-figure pensioners are from police, firefighter units, Empire Center reports.
Investors Withdraw $7 Billion From Hedge Funds in June
Despite signs of a rebound, sentiment turns negative on the asset class, bringing YTD inflows down to $20.65 billion.
Corporate Moves
CalSTRS Deputy CIO To Retire After 27-Year Run
Michelle Cunningham was also the fund’s first internal investment officer.
Research
Pension Plan Funding Sputters in 2016
Report finds growth of liabilities is outpacing asset growth.
Research
Rising Pension Age Hits Women’s Savings in UK
1.1 million fewer women are receiving a state pension due to an increase in pension age.
CT Officials Pass Pension Concession Labor Pact
The state seeks to close a $5.1 billion shortfall in two years.
Wilshire: US Corporate Pensions Up 1% in July
Funded ratio sees first increase since March.
Half of Middle-Market Dealmakers See No Impact From Trump on Private Equity Fundraising
ACG New York survey shows most expect private-equity investments will outpace hedge-fund and venture-capital investments in 2H.