Danish Pension Firms Launch Africa Fund
Companies commit $550 million to fund focusing on infrastructure in Africa.
Tag: Pension
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.
CalPERS $100K Pension Club up 63% Since 2012, Watchdog Says
Transparent California’s report notes more than 850 six-figure CalPERS retirees in Santa Clara County.
CalPERS still analyzing data.
Newsmakers
Canada’s Largest Pension Fund Hits $326.5 Billion at Q1 Fiscal 2018
“Significant uplift” from global equity markets, strengthening Canadian dollar.
PA SERS Praised by Dept. of Auditor General After Year-Long Investigation
Policies lauded for governance, portfolio management.
Research
Mercer: S&P 1500 Pensions 83% Funded in July
Interest rates still “40 basis points above 2016 lows.”
Northstar Aerospace Workers Occupy Plant Over Pension Cuts
Union says workers could face a 24% reduction to their income.
Newsmakers
Kentucky Gov. Hints Tax Reform May Take Back Seat to Pension Issues
Tells WEKU he must “focus first on the pension issue.”
Newsmakers
Hartford HealthCare Increases Allocations to Private Strats
Searches for niche opportunities within emerging markets.
Research
UK Baby Boomers Living Large Off Pensions
Report shows retirees’ disposable income more than quadrupled since 1977.
Valvoline to Make $400 Million Pension Contribution
Company launches debt offering to raise funds for pension.
Wilshire TUCS Reports Longest Institutional Assets Hot Streak Since 1998
Strong performances from all major asset classes leads to seventh quarter in a row of positive gains.
Research
Kentucky Employees Retirement System Reports Double-Digit Gains
The state’s main pension funds’ returns ranged from 12.5% to 13.81%.