Risk
Swedish Pension Fund AP2 Returns 2.9% in H1
Total asset value rises to $38.85 billion at the end of June.
Tag: Pension
Newsmakers
Chicago Teachers to Divest Private Prisons, Immigration Detention Centers
The fund is also barred from making any future investments in these industries.
UK Pension Scam Victims Lost Average of £91,000 in 2017
Regulators TPR, FCA launch ad campaign to alert the public to pension fraud.
Regulation
Fort Worth Lawmakers Mull Pension Fixes
Mayor hopes for compromise despite city council, police, and firefighter frustrations.
UK Trustees Could Face Climate Risk Lawsuits
ClientEarth says pensions’ legal responsibilities on climate risk are evolving.
Corporate DB Funded Status Rises to 93.4% in July
Aggregate deficit falls $12 billion to $108 billion.
NYS Common Retirement Fund Gains 1.53% in First Fiscal Quarter
Period was the last full quarter with Vicki Fuller as CIO.
CalPERS Consultant Defends Forestland Sale
The pension lost around $500 million as it sold most of its portfolio.
Newsmakers
NJ Panel Calls for Overhauling Public Workers’ Pensions
Put beginning teachers and government workers into a hybrid plan to trim the state’s funding deficit, group says.
Corporate Moves
CalPERS Names New Controller
Michele Nix formerly was director of finance at the city of Columbia, Missouri.
TPR Charges Accountant for Giving False Information
Hashmukh Shah accused of falsely claiming firm enrolled staff in pension plans.
CalPERS CIO Orders Active Risk Review
Ted Eliopoulos wants to know whether the largest US pension system is being rewarded enough for its investment risk taking.
Newsmakers
Kentucky Supreme Court Will Weigh Controversial Pension Bill
Gov. Matt Bevin appealed the Circuit Court’s June ruling against his pension reform law.
Pension Insurance Corporation Secures BHS2 Pension Scheme
The specialty insurer saves benefits of 9,000 members by shifting them to annuities.
Alcoa De-Risks $290 Million in Pension Obligations
Company also makes $100 million pension contribution.