Senate to Deal with Union Pension Crisis After House Passes Butch Lewis Act
Democratic-led bill faces stiff opposition from Republicans.
Tag: Pension
Exclusive: Texas Teachers’ Investment Operation Considering Opening Singapore Office
Jerry Albright’s $152 billion pension fund could open Asia branch in 2020.
Risk
MassPRIM Misses Fiscal Benchmark by a Hair
Fund’s private equity portfolio pulls returns to 6.1% as equities, timberland lag.
Risk
Church of England Pensions Board Mulls How to Turn Around Loss
Fund suffered 2.6% loss in 2018, with a plunge in stock holdings.
Newsmakers
Last Days to Nominate Your Picks for the 2019 CIO Innovation Awards
Nominations for this year's 10th annual bash close August 3.
Connecticut State Pension Funding Level Falls to 38%
Unfunded liabilities nearly double in seven years to $21.2 billion.
Canadian Diversified Pool Funds Return 2.2% in Q2
Returns are up more than 11% so far in 2019.
These Are the Top Private Equity Pension Funds in America
Space has returned 10.2% over the past decade.
Asset Allocation
Oregon PERF to Shift Public Equity Allocations
Risk parity, alts-focused diversifying strategies portfolios introduced at meeting.
Newsmakers
CalSTRS CIO Says Trump Tweets are a ‘Key Market Risk’ to Monitor
Despite the present ‘Goldilocks’ economy, Christopher Ailman is keeping a sharp eye on the president’s Twitter page.
FCA Fines Standard Life Nearly £31 Million over Annuities Sales
UK regulator says incentives to sell annuities led to conflict of interest.
Risk
Oregon PERS Keeping Assumed Rate at 7.2%
Past returns over five years are lower, at 6.5% annually. The fund cites investing uncertainty in standing pat.
UK Universities Superannuation Scheme Underperforms in Fiscal Year
Brexit woes, global economic uncertainty amid fund’s top concerns.
Newsmakers
Illinois Pension Buyout Program Falls over $400 Million Short of Goal
Buyout plans were expected to save $423 million, but only saved $13.1 million.
Risk
SFERS Posts 7.81% Return
The San Francisco retirement system has managed to beat its annual expected rate of return for the 2018-2019 fiscal year despite a volatile equity market.