CalPERS Hits It Big with Infrastructure Returns
The program, however, represents just a little more than 1% of CalPERS’s AUM.
The program, however, represents just a little more than 1% of CalPERS’s AUM.
Private equity investments help increase fund’s market value to $78.6 billion.
The pension plan is getting ready for investments out of the traditional limited partner-general partner fund structure, including increases in co-investments.
US stocks help raise system’s total asset value to nearly $41.3 billion.
Investments beat benchmarks to raise total asset value to $72.9 billion.
Private equity helps boost Danish pension fund’s market value to more than $47 billion.
Real estate and private equity do OK, while stocks and bonds suffer.
Russian leader would raise pension eligibility for women by only five years instead of eight.
However, Moody’s says strong 2017, 2018 returns will lead to a drop in liabilities.
After public outrage erupts, Russian president could speak on the proposal as early as today.
Fund plans to double its assets in the country by 2025.
First State Super’s $2.1 billion payment will go toward infrastructure in the state of Victoria.
State’s bond history and already badly funded pension shows little room for maneuver.
Move is expected to reduce liabilities by 30%, and participants and beneficiaries by 50%.
But gains are down from previous year’s 14.6%. Domestic stocks, private equity did the best.