NEST Picks Private Market Managers
UK’s $9.9 billion DC plan expects first capital to deploy in October as it prepares to enter unlisted markets.
Tag: Debt
At Morningstar: Heavy Corporate Debt Could Affect Equities
Corporate debt could hit ‘wall of maturity’ in a few years, Morningstar panelists say.
Canada’s Public Sector Pension Manager Adds New Private Debt Chief
Francis Blair will help PSP Investments debt division’s focus on distressed companies.
Newsmakers
Chicago Public Schools Sinks $1B Deeper in Debt
Estimates cite lackluster returns, Gov.’s spending plan as causes of debt hit.
New Jersey’s Public Pension Hits Highest Value Since 2015
Gov.-elect Murphy hopes to meet or beat Gov. Christie’s state contribution plans.
Asset Allocation
LDI Shines Bright
Borrowing to fund plans is trending with liability driven investing.
AMP Capital’s IDF III Scores Record $4.1 Billion Commitments
Sees strongest support from Japan, Korea, Canada, and Germany-based institutional investors.
Newsmakers
University of Wisconsin Oshkosh Foundation Files for Bankruptcy
Blames regents for ‘policy flip flop’ and ‘political gamesmanship.’
Mercer Report Warns of Future $137 Trillion US Savings Gap
Report cites empty promises from Social Security, DB programs as the cause.
H.I.G Funds to Invest in Middle-Market Debt, Direct-Lending Opportunities
Raises $1.1 billion from foundations, endowments, public and private pensions, and sovereign wealth funds.