UK Pension Plan Invests £130 Million in Environmentally Aware UBS Fund
NEST’s goal is to provide returns similar to the FTSE Developed Index.
News
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?
Lower Discount Rate, Longer Life Expectancies Burden Caterpillar Pension Plan
Despite healthy growth of 7.8%, company took mark-to-market loss of $985 million on pension plan.
Chinese Lead Asian Overseas Real Estate Investment
New York overtook London as the most favored metro area in 2016.
Newsmakers
A Trigger For Infrastructure Investing
President Trump's plans spur asset owner interest in the category's steady, long-term returns, but investment difficulties remain.
Florida Supreme Court Rules Against Miami’s Unilateral Cuts to Police Pension
Court rules city’s Public Employees Relations Commission (PERC) overstepped bounds.
Unfunded Liabilities of Largest Pension Plans in U.S. Increase, While Assets Rise
The biggest force affecting the underfunding was interest rates.
Report: Defined Contribution Funds Significantly Exposed to ESG Risk
ESG investing has gained significant momentum in Great Britain, with £1.4 trillion in assets under management in the wider investment community in 2015, up from £500 billion in 2013.
Teamsters Local 707 Pension Fund Dries Up, Receives PBGC Lifeline
42% of the fund’s retirees and beneficiaries have had their benefits reduced by more than half of their promised benefits.
Johns Hopkins University Names New CIO
Perlioni will be responsible for managing and investing more than $6 billion in endowments and other assets.
Trump’s Speech Sparks Short-Term Market Optimism Without Offering Specifics
If policies don't materialize, investors predict headwinds a year from now.
Ray Dalio Steps Down from Co-CEO of Bridgewater
Dalio, who oversees the assets of the world's largest hedge fund, will become co-CIO.
Revoking Dodd-Frank Transparency Provision Sparks Corruption Discussions
Bill would require disclosure of payments to foreign governments and possibly spotlight unaccounted revenue, but could give foreign governments an advantage.