Alternatives
Oregon’s CIO Prepares ‘Snarky Remark’ to Defend Millions in Fees to Fund Managers
Skjervem says the state would be billions of dollars worse off if not for these funds.
Tag: Pension
CalPERS Investment Committee Approves Private Equity Plan at Urging of the CIO
New CIO Ben Meng says system can’t access ‘private equity exposure on the scale that we need.’
CalPERS Approves New Private Equity Investment Organizations
The pension system would invest up to $20 billion in direct style private equity investments, but it’s unclear when the plan could start.
Regulation
Vending Machine Owner Indicted for Embezzling from Employee Pension
Howard Preschel allegedly claimed the plan’s money belong to him, not his workers.
Corporate Moves
Head of Iceland’s Largest Pension Fund Resigns
Haukur Hafsteinsson to step down after 34 years with Government Employees Pension Fund.
CIO NextGen Nominations to Continue All March Long
Asset owners and managers to choose 25 of the next industry champions.
Brunel Launches Search for Outside Managers to Run New Fund
British pension system needs talent for its fledgling high alpha fund, plus another one coming in late 2019.
Newsmakers
NYC Pension Boosts Private Equity Program by $600 Million
Increase raises total assets in emerging managers initiative to $8.8 billion.
Regulation
Australian Supers to Post Common Data on Their Performance
Regulator is requiring the retirement funds to provide the public with metrics on returns and fees, starting in 2020.
US Corporate Pensions’ Funded Level Rises to 92.6%
The 100 largest corporate DB plans gain $20 billion in February.
Denmark Fund Restructures, Merging Private Debt and Alts Units
Decision expected to ‘harvest synergies’ between sectors, enable more investment flexibility, its CIO says.
Alternatives
Texas Creates Separate Account with Saudi Arabia-backed Blackstone Infrastructure Fund
Adds $100 million to the $250 million commitment it made in 2018.
CalPERS Direct-Style Private Equity Plan Comes Up for a Vote March 18
The largest US pension plan aims to break new ground with a program to expand its private equity asset class.
Regulation
Dallas Police and Fire Wins Court Ruling on Post-Retirement Income
Texas Supreme Court sides with fund’s reduction of required 8% return from special program.
Research
Texas Teacher Retirees Could Receive a One-Time Pay Bump in 2020-21 Budget
What two new bills might do to help some of the fund’s retirees.