Why Canada’s Pension Plans Are in Such Good Shape
What US programs can learn from our neighbors to the north, like shucking outside managers and minimizing political interference.
Shop Talk
A New Spur for Corporate Pension Transfers
This September, a tax change stands to accelerate the already-robust shifting of defined benefit plans to insurers.
CalSTRS Hires Co-Investment Advisory Firm
The $225 billion retirement system is also considering starting a REIT portfolio.
Maryland Pension Plan Embraces ESG
The $52 billion plan wants to increase the use of ESG managers and improve monitoring.
CalPERS Ends California Initiative
Plan, which has invested over $1 billion since 2001, was aimed at private equity investments in underserved areas of state.
CalSTRS Real Estate Portfolio Still Feeling Effects of Global Financial Crisis
1% return for the 10-year-period is below its own custom benchmark as consultant warns of next downturn.
‘The Texas Model’: Texas Teachers Plans Transition to Direct Investing
CIO Jerry Albright seeks to significantly lower the $1.4 billion per year the fund pays to external managers.
Survey: Which Alts Are Best Positioned for the Return of Market Volatility?
Despite concerns of a trade war, endowments and foundations investors stay the course.
CalPERS CFO ‘No Longer with’ Pension Fund
Departure comes after scrutiny over credentials, past work experience.
Texas Teachers Grapples with Lowering 8% Return Assumptions
Split board debates two plans, but lowered rate must also receive lawmakers’ approval.
Exclusive: The Nitty Gritty Details of CalPERS’s Independent Investment Organization
Ted Eliopoulos: the CalPERS board has already authorized the search for investment leadership of the new organization.
How Vince Smith at New Mexico State Investment Council is Using Real Estate to Weather Late Cycle and Rising Rates
Council is reducing long bond and equity exposures in favor of income-generating assets.
New Mexico PERA CIO Expanding Alpha, Beta Strategies at Plan Level
Porting his Wisconsin experience, CIO Garcia plans to expand portable alpha portfolio with hedge funds.
Asset Managers Weigh How to Boost Women on Company Boards
Pushing for better gender diversity is no slam-dunk, even in the #MeToo era.
NYC Retirement System Plans ‘Most Comprehensive’ Divestment Study on Fossil Fuels
CIO Scott Evans says divestment could create a significant tracking error.