New York Closes Out Year with over $15 Billion in Transactions
Private equity sees the biggest contributions, with more than $7 billion committed.
Tag: Pension
Risk
Denmark Pension’s 2018 Ended Badly
ATP loses 3.2% of investment portfolio, due to global stocks and interest rates.
Newsmakers
PBGC, Sears Reach Chapter 11 Bankruptcy Settlement
Deal cleared way for court to OK ESL Investment’s $5.2 billion takeover of the retailer.
US Treasury Approves Benefits Cuts for Two More Pensions
Mid-Jersey Trucking and Toledo Roofers become 11th and 12th funds cleared for benefits reductions under MPRA.
Public Pension Plans Funding Grows in 2018, Assumed Return Rates Dip
Contributions remain stable, as funds face possible economic slowdown ahead.
Defined Contribution Plan Balances Tumble 10% in Q4
Market volatility drops average 401(K) holdings from previous quarter’s record high.
Risk
Global Equity Performance Disrupts New Jersey’s 29-Month Positive Return Streak
Investment Council also reviews private equity and real assets pacing plans through 2025.
Newsmakers
New York City Looks at Better Diversity Survey for Outside Money Managers
Pensions seek to standardize information money handlers provide in future memos.
Asset Allocation
Market Uncertainty Prompts North Dakota Investment Board to Review Asset Allocation
Oil-fueled ‘legacy fund’ goes under the microscope.
Regulation
NJ Gov Vetoes Bill, Says It Could Jeopardize State Pension
Phil Murphy rejects proposed legislation as too broad and challenging to implement.
Newsmakers
New York City is Worried About China, and the Fed
Deputy CIO fleshes out key concerns at meeting of five city pension plans.
CalSTRS 2018 Calendar Year Results Are in Negative Territory
Strong equity market performance in January 2019 helped partly reverse course.
Newsmakers
Washington Cities Debate Legislation to Switch Portfolio Governance to State Investment Board
Executive directors reject notion that the move would bring about cost savings.
Regulation
Connecticut’s New Treasurer Pushes for Pension Shortfall Remedies
Shawn Wooden examines tapping lottery and extending bond payments to bridge huge gap.
Court Rules Firms Can’t Skirt Pension Withdrawal Fee
Construction company owes more than $641,000 for leaving multiemployer plan.