Corporate Moves
CalSTRS Appoints First Female CEO: Cassandra Lichnock
She will replace Jack Ehnes, the outgoing head of the pension system who postponed his retirement last year because of the pandemic.
Tag: Pension
Research
COVID-19 Has Disproportionate Impact on Multiemployer Plans by Industry
Survey finds construction industry plans remain healthy, while transportation and manufacturing plans struggle.
Pensions
Ontario Teachers’ Plan Acquires Brazilian Electricity Transmission Firm Evoltz
The purchase from asset manager TPG nets the pension fund seven electricity lines in 10 Brazilian states.
Pensions
CalPERS Sues Former Employee for Allegedly Stealing Pension Money
More than $685,000 was stolen from 10 retirees, including a homeless person and beneficiaries under legal conservatorships, the fund said in its lawsuit.
Choosing Consultants: What Should You Measure?
Sizing up the people you’ll work with to expand your investment capabilities is no easy task.
Newsmakers
Florida Senate Passes Bill to Move Most State Workers to DC Plan
Opponents say the proposed legislation attempts to solve a problem that doesn’t exist.
Pensions
Illinois Governor Signs Chicago Firefighters’ Pension Bill into Law
Critics say it will more than double the city’s annual pension costs to $30 million.
Pensions
Funded Levels of Canadian DB Plans Climb to 20-Year High
Surging bond prices helped boost defined benefit plans’ funded ratios to 124%.
Pensions
The New Kentucky Investment Chief Just Got a 41% Pay Boost
Still, the salary remains at the low end for allocators at public pension funds.
How CIOs Assemble Outstanding Investment Teams
Leading asset allocators offer insights into their techniques to form and manage top-notch staff.
Pensions
CalPERS Suspends Search for New CIO
Pension system officials say they won’t restart the search until early July, and they didn’t offer a timetable as to when a new person will take the job.
Asset Allocation
HOOPP Boosts Real Assets as It Shrinks Bond Exposure
The Canadian pension plan aims for a ‘$10 billion-plus’ infrastructure portfolio.
Asset Allocation
Exclusive Coverage: CIOs Assess How Pension Fund Investors Can Be Successful After COVID-19
Better governance, flexibility, and clever investment strategies and solutions can prepare pension funds for the future, plan leaders say.
Pensions
US Corporate Pension Funded Ratio Climbs to 92.9% in February
Despite weak returns, funded levels rise for the fifth consecutive month.
Manager Selection
Nest Commits $350 Million to Octopus Renewables for Green Infrastructure
‘We want to invest in the energy of the future, not the past,’ says CIO Mark Fawcett.