Regulation
PBGC Issues $1.5B to Struggling Musicians’ Pension
The grant is among the largest the PBGC has made.
News
Pensions
REST Pension Core Strategy Returns 8.67% in Fiscal 2024
The Australian fund manages more than $53 billion in assets.
Market Moves
How Does the Market Perform Under Democratic or GOP Rule?
Stocks seem to do better with a Democratic White House, but it’s close when you factor in control of Congress, an LPL report finds.
Pensions
Episcopal Church Pension Fund’s Asset Value Rises to $17.5B in 2023
The fund’s portfolio also surpassed its benchmark with 10-year annualized returns of 7.3%.
Newsmakers
Kresge Foundation Seeking Investment Director
The Troy, Michigan-based foundation manages $4 billion in assets.
Asset Allocation
Why Gold Makes Sense for the Long Term, Analyst Says
The precious metal can be volatile, but it is worthwhile to hold over time, counsels State Street’s Milling-Stanley.
Pensions
Pennsylvania PSERS Reports 2.95% Return in Q1
The $74.6 billion Pennsylvania pension saw strong returns from U.S. equities.
Pensions
TPR ‘Evolving’ to Shift Focus to Defined Contribution Master Trusts
The pension watchdog’s CEO says a ‘radical evolution is taking place’ among U.K. pensions.
Pensions
CalPERS Announces 9.3% Return in Year Ending June 30
Equities, which comprise 41.9% of the fund's portfolio, led the way with a 17.5% return.
Newsmakers
Former Hedge Fund Trader Sentenced for Role in Stock Manipulation Scheme
Canadian Colin Heatherington and a co-defendant were also ordered to pay a combined total of more than $215.8 million in restitution.
Newsmakers
London CIV CIO Aoifinn Devitt to Step Down
The investment chief announced her resignation less than a year into the role, following significant turnover at the fund.
Newsmakers
Johns Hopkins University Seeking New CIO
The successful candidate will oversee $9 billion of endowment and pension assets.
Pensions
Robust June in Stocks Puts an ‘Exclamation Point’ on Pension Funding
U.S. corporate funding levels stay high as the likelihood grows of an interest rate cut later this year.
Newsmakers
Benefits Lawyer Nominated to Lead PBGC
President Biden has put forward Deva Kyle to be the next director of the Pension Benefit Guaranty Corporation.
Pensions
Ohio State Representative Proposes Consolidation of State Pension Systems
In response to governance issues at STRS Ohio, a consolidation of the state’s five retirement systems was proposed at an Ohio Retirement Study Council meeting.