Los Angeles County Pension Fund Returns 6.4% in Fiscal Year 2023
LACERA outperformed its benchmark by 140 basis points to raise its portfolio’s asset value to $73.6 billion.
News
Gensler Defends Swing Pricing Proposal Despite Growing Bipartisan Pushback
The chair of the SEC testified about its regulatory agenda, which includes the swing pricing proposal, to the Senate Banking, Housing and Urban Affairs Committee on September 12.
Cement Mason Pension Restored by PBGC Grant
The plan will receive $3.2 million, plus loan repayments, in special financial assistance.
Equities, Fixed Income Fuel 9.1% Return for Korean Pension Fund in 1st Half of 2023
The strong performance raised the National Pension Service’s asset value to approximately $740 billion.
Blackstone Creates Corporate Credit, Asset-Based Finance, Insurance Group
Blackstone Credit & Insurance could help push the firm to $2 trillion AUM.
New York, Oregon Pension Funds Sue Fox Corp. for Opening Itself Up to Lawsuits
Fox recently settled for $787 million a lawsuit from Dominion Voting Systems.
US Corporate Funding Ratios Decline Slightly in August
Corporate pension funding decreased for the first time since December 2022.
CalSTRS Promotes Julie Donegan to Real Estate Investment Director
Previously a portfolio manager, Donegan is the system’s first woman to hold the position.
Safeguarding, AI Proposals Scrutinized by Lawmakers
Concerns about cash deposits and the definition of ‘covered technology’ dominate the criticisms of both rules.
Global Endowment Management Hires Dogan Perese as COO
Perese previously spent 14 years at Bridgewater Associates.
Is the Phillips Curve Kaput? No, But It Has Changed, Says BCA Sage
The classic trade-off between unemployment and inflation isn’t the same due to the Federal Reserve, in Peter Berezin’s view.
NZ Super Acquires 5% Stake in Belgium’s Euroclear
The $38 billion Kiwi pension fund is now the 5th largest shareholder in the securities clearinghouse.
KKR, USI Insurance Buy USI Shares From CDPQ
KKR is increasing its equity in the insurance broker and consultant to continue driving long-term growth.
Will Apple’s Rotten Showing Continue? Watch the New iPhone Release
The company’s key product, the latest version of which will be unveiled Tuesday, has boosted the stock in the past.
PGIM Real Estate Promotes Cathy Marcus, Raimondo Amabile to Co-CEO Roles
The duo will retain their current duties under former CEO Eric Adler, who will helm newly formed PGIM Private Alternatives.