Research
Virginia Retirement System Sees 12.1% Return for FY 2017
Public, private equities help boost fund to historic high.
News
Dalio Steps Into Publishing With “Principles”
Bridgewater Associates founder already planning second release.
CalPERS Flexes its Proxy Muscles
$330 billion system boasts about its influence on corporate governance of public companies.
Research
Mortgages, Cars, Credit Cards Drive Household Debt Higher
US household debt has surged more than 15% in just four years.
Newsmakers
Houston, Dallas Pension Reforms Spur Police Retirements
Surge in retirements due to changes that reduced benefits for officers.
Labour, House of Commons: 37 Million to Be Affected by UK Pension Age Increase
More than 56,000 in Prime Minister’s constituency.
Survey Shows Finance Executives’ Top Reasons for Pension Risk Transfer
72% of respondents likely to transfer additional liabilities in the future.
Hedge Funds Among Marketable Alternatives Gaining Popularity in Endowment, Foundation Portfolios
NEPC survey finds responders more optimistic about US economy despite political uncertainty.
Milliman: Corporate Pension Funded Status Rises $4 Billion in July
Funded ratio sees little movement in the first seven months of 2017.
TPR Shames Trustees Who Shirk Duties
UK regulator publicly names non-compliant pensions trustees.
Danish Pension Firms Launch Africa Fund
Companies commit $550 million to fund focusing on infrastructure in Africa.
PA Auditor General Calls for Further Fee Cuts at SERS
$178 million reduction in investment fees since 2007 is not enough.
Newsmakers
Illinois Senate Rejects Gov. Rauner’s Veto in 38-19 Override
Pension reform bill now goes to Illinois House, requires three-fifths majority vote.