CalPERS Names Meng New CIO
Start date has not yet been determined.
Tag: Pension
CalPERS Gets a D for Fixed Income Management, But B For Overall Program
Consultant Wilshire Associates also gives overall CalPERS leadership a C grade.
Newsmakers
Two Biggest Pennsylvania Public Pension Funds Underreported $3.8 Billion in PE Fees, Oxford Professor Says
State treasurer and lawmaker demand more transparency from debt-laden PSERS and SERS plans.
Newsmakers
Supreme Court Hears Kentucky Pension Arguments
Justices grill governor’s top attorney over the legality of complex bill’s passing.
Corporate Moves
Royal Mail Pension Taps Stand-In as New CEO
Richard Law-Deeks’ strong leadership during his acting-chief period led to his promotion.
Bill Seeks to Bolster Women’s Retirement Savings
Legislation addresses financial disadvantages that disproportionately affect women.
Scott Lupkas Named Chief of Raytheon’s Pension Unit
New executive for the defense company comes from autoworkers union retiree health plan.
Smaller DC Pensions Struggle to Demonstrate Value
Survey finds size matters regarding defined contribution plan governance.
Wilshire: City, County Pension Systems’ Funded Status Grew by More than 4% in 2017
Shortfalls decline by $22.7 billion from 2016.
Corporate Moves
PFZW Chair Quits After 18 Months
Carla Moonen realized her skills would add more value in an environment ‘where change can go faster.’
Newsmakers
NYC Pension Funds to Double Green Investments
The three-year plan will see the five-fund retirement system’s climate-related holdings go to $4 billion.
Institutional Investors Attack Climate Change by Responsible Investing
Representatives of pension plans and asset managers describe effort to Invest in ESG strategies at annual Principles of Responsible Investing conference.
CBO Finds Butch Lewis Act Costs Much Less than Expected
Pension reform is expected to cost $34 billion, not $100 billion as suggested in preliminary forecast.
Newsmakers
Legal & General, British Airways Cut Largest UK Bulk Annuity Deal
The financial services company will take over $5.7 billion of the airline’s pension liabilities.
Newsmakers
Kentucky Supreme Court Pension Hearing to Air on State Television
In the second televised high-court case, opponents A.G. Beshear and Gov. Bevin will testify.