Asset Management Culture
New Investment Restrictions Coming for CalPERS CIO
The resignation of CalPERS CIO Ben Meng on ethics charges revolving around his investments spurred board to review new restrictions.
Tag: Pension
Asset Allocation
North Carolina State Pension Hits Record $108.5 Billion Market Value
The fund’s portfolio has added nearly $15 billion in value since markets tumbled in March.
Asset Allocation
AFL-CIO HIT to Invest $1 Billion in Bay Area Rental Housing
Funding will go toward 4,000 units that will be listed as market-rate, workforce, and affordable in one of the nation’s most costly housing markets.
Alternatives
Ontario Teachers’ Pension Invests $350 Million in Indian Private Credit
The fund is teaming up with Indian private debt manager Edelweiss Group.
Alternatives
CPPIB Reinvests $235 Million into Japanese Warehouses
Canada’s largest pension fund and longtime partner, global asset manager GLP, continue expansion into the Asian nation’s real estate.
Risk
South Dakota Mulls Trimming COLA Minimum to Zero, to Help Withstand a Downturn
The fully funded pension program has a strict policy of staying that way, but the inflation adjustment currently can go no lower than 0.5%.
Pensions
CalPERS Retirees Call for Board President to Resign
The demand for Henry Jones’ ouster is the latest fallout from the resignation of CalPERS CIO Ben Meng following complaints he violated state ethics rules.
Pensions
New Jersey Governor Proposes $4.6 Billion Pension Payment
The record contribution falls short of what’s needed for the nation’s worst-funded retirement system.
Pensions
Teamsters Pension Asks Supreme Court to Reverse PE Firm Withdrawal Ruling
Pension says circuit court ruling ‘provides a blueprint’ for private equity funds to ‘escape withdrawal liability.’
Asset Management Culture
Incoming Norges Bank Chief Nicolai Tangen to Sell Hedge Fund Holdings
The divestment addresses concerns raised at a parliamentary hearing earlier this month.
Newsmakers
New York Pension Plan Names Navyug Patel Deputy Investment Chief
He is taking the spot vacated by Anastasia Titarchuk, who now is the program’s CIO.
Pensions
Kentucky Retirement Systems Returns 1.2% for Fiscal 2020
State pension plans collectively beat their benchmarks, but fall far short of their peers.
Risk
High Court Orders Firms to Pay £10.7 Million for Inducing Pension Transfers
Three directors found guilty of making false or misleading statements.
Pensions
Pension Debt Expected to Surge Due to COVID-19 Volatility
Moody’s forecasts a 6% rise in total adjusted pension liabilities in 2020.
Alternatives
NZ Super Fund, Ontario Teachers’ Buy Australian Pathology Firm
The pension funds are each taking a 50% stake in Asia Pacific Healthcare Group in a $362 million sale.