Newsmakers
PBGC to Assume Responsibility for Sears, Kmart Pension Benefits
Pensions lifeboat will provide benefits for 90,000 workers and retirees.
Tag: Pension
Newsmakers
Malinowski: ESG Policy Changes at BlackRock an Improvement
Seattle City Employees’ Retirement System removes the largest money manager from its watchlist.
Regulation
Mexico to Double Pension Benefits, Reduce Retirement Age
President Obrador’s latest move seeks to continue mayoral mission.
CalPERS Gives $500 Million to New Private Equity Fund of Funds
GCM Grosvenor will oversee private equity emerging managers.
Newsmakers
Fidelity International Small-Cap Strategy Terminated by SFERS
The investment made up 6.5% of the system’s approximate $3.5 billion small cap strategy.
Regulation
New Kentucky Pension Group Forms to Try Bypassing Stalemate
Bipartisan division will try to analyze the state’s funding gap and develop passable pension proposals by mid-February.
Bill Proposes Creation of Pension Rehabilitation Administration
Proposed legislation aims to save critical and declining multiemployer pension plans.
Newsmakers
California Pensions Convene Anti-Sexual Harassment Coalition
Group highlights financial risks sustained from misconduct in the workplace.
Asset Allocation
New York Appropriates $1.2 Billion in Direct and Indirect Investments
Institution continues strong focus on real estate and private equity, terminates global equity account.
New CalPERS Board Member Has Serious Concerns About Private Equity Plan
Jason Perez is also skeptical about ESG investing, a focus that most individuals on the CalPERS board support.
Regulation
Fitch Rebuts Kentucky Governor’s Ratings Allegation
The agency says the state’s lack of pension overhaul won’t hurt its rating, despite Bevin’s warning.
Research
Connecticut Task Force in Extra Innings to Find Pension Fixes
Commission still grappling over plan to tap state assets like office buildings to feed ailing retirement program.
Asset Allocation
Texas Teachers’ Closes Out Year with $1.8 Billion in New Commitments Across 12+ Strategies
Commitments primarily focused on real estate and infrastructure.
Regulation
Swiss Regulator Facing Criticism over Public Employee Pension Revamp
The OAK prefers a uniform interest rate for the public workers and two other retirement plans, which a lobbying group says is wrongheaded.
Newsmakers
San Diego to Pursue Managed Futures Strategies in Diversification Quest
The pension is now studying the impact of a 2% to 4% allocation to managed futures on the total fund.