Coronavirus - COVID-19
Japanese Pension Fund Loses $77 Billion in Fiscal 2019
The world’s largest retirement system is the lowest it’s been valued in roughly three years.
Tag: pension fund
Budding Trend: Institutional Investors Focusing Locally
Pandemic-induced economic instability and nationwide protests could spur investments in nearby businesses. Keeping politics out of the equation and ensuring proper diversification are musts.
Lower the Pension Plan Benchmark? Well, Not So Easy
A lot of assumed return rates are unrealistically high. But lowering them can turn a retirement program into a political buzzsaw. Some plans just say no to that idea.
Pensions
California Pension Spiking Case Nears End in Court Showdown
Public sector workers want to strike down a provision that stops them from winning higher benefits in retirement.
Corporate Moves
Japan’s GPIF Seeking Active and Passive Managers for Foreign Bonds
The giant pension fund seeks to diversify away from low-yield Japanese bonds.
Newsmakers
$10 Billion Illinois Pension Bailout Request Ignites Controversy
GOP critics call the plea from Democratic state lawmakers, folded into a coronavirus relief package, ‘infuriating.’
Coronavirus - COVID-19
New Jersey Is Enlisting State Pensioners to Return to Work
The governor hopes to bolster ranks thinned by the coronavirus, letting retired workers collect regular pay without shrinking their pension payouts.
Corporate Moves
Goldman Sachs Veteran Tapped as Japan’s GPIF CIO
Eiji Ueda will take over the $1.5 trillion plan as it pushes into foreign assets.
Coronavirus - COVID-19
Corporate Pension Plans Drop to Lowest Level in 8 Years
The 79% funded status in the first quarter, an eight-point drop from last year, is the smallest since 2012.
Asset Management Culture
More Public Plans Ramp Up Social Distancing Because of Coronavirus
Plans in Massachusetts, Mississippi, and other states assure retirees that benefits won’t be delayed, but suspend counseling appointments.
Risk
Michigan Pension Fund Sues World Wrestling Entertainment
WWE lawyer calls accusations of insider trading by CEO Vince McMahon ‘entirely fictional.’
Asset Management Culture
UK’s Largest Asset Manager to Launch a Completely Green Pension Fund
LGIM is said to have conceded to membership pressure regarding its investments in the fossil fuel industry.
Asset Management Culture
Exclusive: Kentucky Retirement’s Executive Director Says Proposed Board Split Will Increase Taxpayer Burden
David Eager shares his thoughts on proposed legislation that would split the current board into three entities.
Pensions
Australian Pension Merger Trend Continues
First State Super and WA Super announce they’ve begun merger talks.
Asset Allocation
Anti-Fossil Fuel Protests Hit Australia Pension’s Doorstep
Members of Australia’s UniSuper Fund protest against the fund’s fossil fuel investments.