Pensions
Hawaii ERS Misses Benchmark, Target Rate With 2.6% Return in Fiscal 2023
The pension fund increased its asset value to nearly $22.3 billion for the year that ended June 30.
Tag: Hawaii Employees’ Retirement System
Newsmakers
David Okamoto Appointed CIO of Hawaii Health Benefits Fund
The 2023 NextGen honoree moves from the Hawaii Employee Retirement System.
Newsmakers
Hawaii ERS Names Kristin Varela as New CIO
Coming from New Mexico’s PERA, where she was deputy, the new chief replaces Elizabeth Burton.
Asset Allocation
Hawaii State Pension Fund Returns 3.66% for Fiscal Year 2022
The fund, which has an asset value of just under $22 billion, is seeking a new CIO.
Newsmakers
Hawaii ERS Names Howard Hodel Acting CIO
Hodel succeeds Elizabeth Burton for his second stint in the role.
Manager Selection
Elizabeth Burton to Step Down as CIO of Hawaii ERS
After more than three years leading the $22.5 billion investment portfolio, Burton is leaving due to personal and family considerations.
Newsmakers
Hawaii ERS Has a Strong First Quarter
The fund’s unique risk strategy is paying off right now.
Asset Allocation
Hawaii’s Public Pension Fund Rises 5.38% in Q1 Fiscal 2021
The asset value for the state retirement system’s portfolio increases to $18 billion.
Alternatives
Hawaii Makes $25M Venture Capital Investment for Local Growth
The state pension plan said local fund managers can expect to see an increase in commitments.
Risk
Hawaii ERS Blasts Past Its Benchmarks
Pension fund returns 5.8%, a whole point-plus more than the goal.
Asset Allocation
At Pension Bridge: New Hawaii CIO Speaks on Hedge Funds
Elizabeth Burton finds value in a selective approach to an asset class that hasn’t done well lately.
Research
Pew: Hawaii’s State Pension Ready to Withstand Recession
Increased contributions and stress tests are key to Hawaii’s financial health.
Risk
Hawaii State Pension Unfunded Liability Rises to Record $13.4 Billion
Actuary forecasts it will take 25 years for retirement system to become fully funded.
Newsmakers
Hawaii Retirement System Names Elizabeth Burton CIO
Head of Maryland’s quant strategies group will replace Vijoy Chattergy.
Newsmakers
Hawaii ERS Strengthens ESG Goals by Joining UN-Backed Commission
Fund expected to boost impact allocations over the long term.