Newsmakers
San Francisco Makes $1.1 Billion in Commitments, Mostly to Hedge Funds
Private equity, real estate, and natural resources funds also represented.
Tag: Pension
Newsmakers
Illinois Teachers’ Asks for 10.6% More in State Contributions
Pension plan’s chief says the $51.7 billion retirement system’s good investment returns aren’t enough to overcome unfunded liabilities.
New Actuary Rule for Assessing Pension Risk Kicks In
ASOP 51 requires looking at potential risks to plan’s future financial condition.
Venture Capital Investments May Be in Future for Two San Jose Pension Plans
Providing pensions to public workers in Silicon Valley’s largest city doesn’t mean investing in venture capital. The plans now are looking at whether they are missing an investment opportunity.
High Court Rules Guaranteed Minimum Pensions Gender Biased
‘Landmark’ decision could cost UK pension industry up to £20 billion in payouts.
Newsmakers
Brazil’s President-Elect Urges Pension Reform ASAP
Jair Bolsonaro plans to meet with incumbent Temer to jump-start effort.
Newsmakers
Pennsylvania Pension Panel Explores Debt-Cutting Plans
The state’s SERS and PSERS retirement organizations say they are looking for ways to cut management fees and improve transparency.
TPR Bans ‘Reckless’ Pension Trustees over Risky, Exotic Investments
Trustees invested in eucalyptus farms, parking lots, and suspected scams.
Newsmakers
Chicago Mayoral Hopeful: Casino, Marijuana Money Could Help City’s Pension Woes
Gery Chico thinks the two revenue streams could chip away up to $1 billion per year.
Risk
University of California’s Pensions, Endowments Drive Asset Outperformance
An 8.1% total return sees the institution’s asset growth beat most benchmarks.
Research
Canadian Pension Funds Post Negative Q3 Asset Returns
Funded ratio still rises as declining liabilities offset losses.
UK Firm Fined over £275,000 for Opting Workers Out of Pension
Workchain Ltd. handed largest fine for case brought by The Pensions Regulator.
Newsmakers
Pension Reform High on Brazilian President-Elect’s To-Do List
Jair Bolsonaro aims to privatize the nation’s retirement system when he takes over in January.
Newsmakers
Canada Pension Plan Focuses on Board Gender Composition
Pension says companies with diverse boards perform better financially.
Risk
NJ Investment Council Won’t Pull Its Nike Shares over Kaepernick Ad
Acting chair says the shoemaker’s shares have been strong, and the fund ‘decided to not take a position’ on controversial campaign due to the organization’s ESG policy.