Pensions
DC Pensions in UK Will Soon Be Required to Disclose Illiquid Asset Policy
Beginning October 1, trustees must include the asset class breakdown for each of their plan’s default arrangements.
News Archive: Sep - 2023
Pensions
Pennsylvania SERS Will Join Pilot Project to Combat Securities Fraud
NCPERS Securities Fraud Recovery Services aims to help members recover damages from securities fraud.
Regulation
Key Government Data, Such as Unemployment and Inflation, Would Not be Published During a Shutdown
Government data collection agencies, such as the Bureau of Labor Statistics, would shut down completely absent a continuing resolution.
Market Moves
Australia’s Future Fund Joins Investor Leadership Network
The platform aims for institutional investors to push for a more sustainable economy.
Pensions
Norway’s SWF: Stop Talking, Take Action on Climate Transition
The $1.4T Norges Bank Investment Management has increased its climate expectations for more than 9,000 companies in its portfolio.
Alternatives
Goldman Sachs Asset Management Announces Partnership With Ontario Municipal Employees Retirement System
The partnership aims to invest in senior direct lending opportunities in Asia Pacific.
Regulation
New IPOs Cannot Be Processed During Potential Shutdown, SEC Chairman Says
Companies cannot go public if the SEC lacks the staff to process the paperwork, and public companies may be unable to make new offerings.
Alternatives
Willis Towers Watson Sees Headwinds in Commercial Real Estate
Report outlines how investors can navigate market pullback.
Pensions
South Carolina Retirement System Invested $300M in Private Equity, Private Credit Funds
The pension fund added new investments in private equity despite being over the allowed target allocation.
Newsmakers
Mark Baumgartner Will Join Dalio Family Office as CIO
Baumgartner has been CIO of the Carnegie Corp. of New York since 2020.
Pensions
University of Virginia Endowment Return Misses Benchmark by 10.3 Percentage Points
According to UVIMCO, its developed market managers ‘were not able to fully capture the strong gains seen in domestic equities.’
Pensions
PBGC Updates Address for Overnight Delivery of Paper Checks
The mailing address change for paper premium-payment checks is effective October 6.
Pensions
Hawaii ERS Misses Benchmark, Target Rate With 2.6% Return in Fiscal 2023
The pension fund increased its asset value to nearly $22.3 billion for the year that ended June 30.
Newsmakers
Canada Pension Plan Promotes Manroop Jhooty to Head of Total Fund Management
Jhooty will lead the team responsible for implementing the C$575 billion pension fund’s investment framework.
Regulation
Infrastructure Fund Adviser Penalized $1.6M by SEC for Fee, Conflict Violations
The firm allegedly failed to disclose conflicts of interest and loans between funds it was advising and managing.