Asset Allocation
New York Allocates over $1.9 Billion of Capital
Particular focus given to Asia-specific strategies.
Tag: Pension
Public Pensions Turn to Private Assets in 2018
Expected lower return environment spurs interest in private equity, real assets.
TPR Investigates Suspected £18 Million Pension Fraud
Regulator also charges account manager of concealing workplace pension failures.
CalSTRS Funding Report Offers Hope for the Future
While system is on track to full funding by 2046, investment volatility could throw a wrench into the process.
CalPERS Restructures Infrastructure Guidelines
Pension officials hope more flexibility to invest in international infrastructure projects in developed countries will give the program more diversification and help results.
Asset Allocation
Dallas Pension Tackles Emerging Markets Debt
Consultant implores Dallas to fulfill new 4% target.
Newsmakers
CalPERS Engages Private Prison Companies
The review could lead to divestment of CoreCivic and The GEO Group.
UK Private Sector Pensions to Pay More than £300 Billion by 2021
Record amount attributed to rapidly growing buy-in, buy-out market.
Research
Pennsylvania Pensions Could Save Nearly $10 Billion over 30 Years
Report says annual fees were greater than all employee contributions.
Newsmakers
Texas ERS Terminates Decade-Old Relationship with Investment Consultant
ERS also brings a new infrastructure private equity consultant on board.
Newsmakers
NY State Pension Reaches Agreements with Firms on Executive Pay
Microsoft, CVS, Macy’s, TJX, and Salesforce agree to revisit pay policies.
Three Managers Put Under Review By San Francisco Pension Plan
AQR, William Blair, and DFA all have seen their international equity strategies reduced by the San Francisco Employees’ Retirement System.
Newsmakers
Moody’s Takes Dim View of Kentucky Due to Pension Reform Mess
Ratings agency doesn’t downgrade the state but puts it on ‘credit negative’ status, which could portend trouble ahead.
Asset Management Culture
MassPRIM’s CIO Gets a Cool 5.3% Raise, Full Bonus
Michael Trotsky’s strong performance at the $71.8 billion pension fund bumps his annual pay to almost $500,000.
Corporate Moves
UK Regulator TPR Names Charles Counsell Chief Executive
However, Work and Pensions Chair Frank Field expresses doubt about choice.