Pensions
Volatility Has Little Effect on Public Pension Funded Levels in March
The funded ratio of the 100 largest U.S. public pensions rose despite interest rate hike, banking failures.
Tag: Public Pension
Newsmakers
Indiana Amends ESG Bill to Exclude Private Markets
Changes mean legislation will cost state pension fund $5.5 million over 10 years instead of $6.7 billion.
Asset Allocation
Public Pension Funded Status Waned as Corporate Plans Thrived in 2022
The funded ratio for the 100 largest public funds dropped to less than 73%, while corporate plans rose to 110%.
Asset Allocation
New York State Pension Loses $26 Billion in Asset Value in Q1
Common Retirement Fund reports 8.24% loss amid volatile markets, rising inflation and war.
Asset Allocation
Average Public Pension Assumed Rate of Return Hits 40-Year Low
More than half of funds tracked have cut their investment return assumption since fiscal year 2020, NASRA says.
Pensions
Public Pensions Face Sharpest Funded Ratio Drop Since Great Recession
Preliminary 2022 investment losses are estimated at 10.4% on average for state and local plans.
Newsmakers
Charles Nielsen Is Appointed CIO of Mississippi PERS
Nielsen has served the retirement system since 1998.
Newsmakers
Providence Voters Approve of $515 Million in Pension Obligation Bonds
The risky move has the potential to either help the pension crawl out of debt or make a bad situation worse.
Newsmakers
ERSRI Files Mastercard Shareholder Proposal to Curb Sales of Ghost Guns
The Rhode Island pension fund is concerned that ghost gun sales will lead to costly litigation and reputational damage to the company.
Newsmakers
Fernando Vinzons Named New CIO at Chicago Teachers’ Pension Fund
Vinzons’ appointment comes at a time when Chicago Teachers’ is fighting to improve its poor funded ratio.
Newsmakers
The New York Common Retirement Fund Will Vote to Remove the Boards of Twitter and Meta Today
The pension fund cites the companies’ failure to moderate violent content in the wake of recent mass shootings.
Newsmakers
CPPIB Reports 6.8% Net Returns
The fund also highlighted some of its largest individual investments over the past fiscal year.
Manager Selection
Shoaib Khan Appointed as CIO and Permanent Director of New Jersey’s Division of Investments
He is the first CIO to be hired after New Jersey scrapped its CIO salary cap law.
Newsmakers
PSERS Considers Suing Aon for Miscalculating Returns
The pension fund has hired law firm Blank Rome to look into potential litigation.
Manager Selection
A $350,000 Increase in CIO Pay Could Lead to 60 Basis Points of Outperformance, Says New Study
More surprisingly, the study also found that performance-based compensation did not improve investment returns.