CalSTRS Details $4.7 Billion Private Equity and Real Estate Commitments
A total of 25 managers received 26 commitments in the last half of the 2017-2018 fiscal year.
Tag: Pension
Newsmakers
Sweden Gives Its Four Buffer Funds More Investing Flexibility
Pension back-up vehicles can now allocate more to illiquid, alternative asset classes.
Newsmakers
CalPERS Makes ESG Changes
CalPERS officials hope ESG revisions will add alpha to the pension system’s $178.6 billion global equity portfolio.
Risk
NJ State Investment Council Takes a 1.41% Hit from Fall Stock Shock
Wednesday’s rally helped recover some broad US equity losses, acting director of investment says.
High Court to Review UK Women’s Pension Age Increase
Activist group BackTo60 clears first hurdle in bid to decrease eligibility date for benefits.
Newsmakers
New Mexico Teachers Pension Fund Calls for Belt-Tightening
Fund for state and municipal workers scrambles to find own bailout blueprint to patch up funding.
Newsmakers
Kentucky AG Calls for Legalized Gambling to Fund Pensions
Andy Beshear says dedicated revenue source needed to save state retirement systems.
UK Corporate Pension Deficit Nearly Triples in October
Aggregate deficit of PPF 7800 balloons to £107.7 billion as funding level drops 4.1%.
Research
Canadian Pension Funds Tread Water in Q3
Declining Canadian equities, weakness in energy stocks weigh down returns.
Newsmakers
Kentucky Teachers’ Shows 2nd Year of Funding Growth
The $19.8 billion pension plan increases its funded status to 57.7%.
Newsmakers
Institutional Investors Launch Firearms Industry Framework
Coalition with nearly $5 trillion in assets under management aims to engage industry to improve gun safety.
Newsmakers
Chief of Malaysia’s Employee Provident Fund Delays Retirement
Mohamad Nasir Ab Latif will stay on another year to help the leadership transition.
CalPERS Scraps Outsourcing Private Equity Program
BlackRock and other investment firms were vying to manage all or part of the largest private equity program in the US.
CalPERS CIO Leaves Friday, but Replacement Delayed
Ted Eliopoulos is leaving Friday, but new CIO Yu Ben Meng can’t start until January because of a non-compete agreement. Eric Baggesen will become interim CIO.
Newsmakers
Bolsonaro Waffles on Pension Reform Passing in 2018
After a meeting with top economic advisor, Brazil’s President-elect says overhaul bill unlikely to pass before January inauguration.