Underperforming Alts Weigh Down New Hampshire Pension Returns
The New Hampshire Retirement System’s 8.8% fiscal 2024 return missed its benchmark by 310 basis points.
Pensions
Illinois Municipal Retirement Fund Seeks Real Estate Managers
The IMRF aims to commit at least $50 million to residential property strategies.
Deutsche Bank UK Pension Completes $1.4B Buy-In
The pension risk transfer transaction will be the bank’s third with Legal & General.
Surging Domestic Equities, Bonds Buoy Canadian Pensions’ 5% Gain in Q3
The median plan’s returns rebounded from weak gains in the second quarter and negative returns a year ago.
PBGC Approves $23.6M Grant to Midwestern Teamsters’ Pension Fund
Special financial assistance funds will preserve pension benefits for 615 transportation-industry participants.
World’s Largest Sovereign Wealth Fund Climbs Closer to $2T
Norway’s GPFG could be the first $2 trillion pension before the end of next year.
BCI Sees Progress and Room for Improvement on Company Engagement
The $181 billion Canadian pension fund voted against management more than one-quarter of the time in fiscal 2023.
Rest Super Names Interim Co-CIOs
Two senior members of the fund’s staff will share the role when current CIO Andrew Lill departs.
Consortium Including CPP Investments, EQT, Neuberger Berman Acquires Private School Network
The transaction for Nord Anglia Education will value the day and boarding school system at $14.5 billion.
Dutch Pension Fund ABP Returns 4.6% in Q3
While assets rose to 533 billion euros, coverage ratios fell.
PBGC Approves $635M to Carpenters Pension Fund
The Pension Benefit Guaranty Corporation will provide Special Financial Assistance Program funds to the Detroit Carpenters Fund.
Netherlands Holds Best Retirement System in the World for Another Year
Iceland and Denmark retained their spots near the top of the Mercer CFA Institute Global Pension Index, although the report noted the global need for retirement reform amidst falling birthrates and increasing longevity.
Corporate Pension Funded Status Slightly Declines in September
Plan liabilities increased faster than equity gains, resulting in slight declines in the funded status of U.S. corporate pension plans.
Wyoming State Treasury CIO Fleming to Retire in June 2025
The head of the $30 billion sovereign fund, Patrick Fleming started when the treasury was a ‘one-man shop’ in 2014.
New York Common Earmarks Nearly $3B in Investments in August
The $268 billion pension fund allotted the bulk of its commitments to public equities, real estate, and credit investments.