Connecticut State Pension Funding Level Falls to 38%
Unfunded liabilities nearly double in seven years to $21.2 billion.
News Archive: Jul - 2019
Canadian Diversified Pool Funds Return 2.2% in Q2
Returns are up more than 11% so far in 2019.
Market Moves
Good News: A Fed Rate Cut May End the Inverted Yield Curve
Then, the 3-month Treasury could dip below the 10-year, and dispel this dreaded recession portent.
These Are the Top Private Equity Pension Funds in America
Space has returned 10.2% over the past decade.
Asset Allocation
Oregon PERF to Shift Public Equity Allocations
Risk parity, alts-focused diversifying strategies portfolios introduced at meeting.
Newsmakers
CalSTRS CIO Says Trump Tweets are a ‘Key Market Risk’ to Monitor
Despite the present ‘Goldilocks’ economy, Christopher Ailman is keeping a sharp eye on the president’s Twitter page.
FCA Fines Standard Life Nearly £31 Million over Annuities Sales
UK regulator says incentives to sell annuities led to conflict of interest.
Risk
Oregon PERS Keeping Assumed Rate at 7.2%
Past returns over five years are lower, at 6.5% annually. The fund cites investing uncertainty in standing pat.
UK Universities Superannuation Scheme Underperforms in Fiscal Year
Brexit woes, global economic uncertainty amid fund’s top concerns.
Falling Bond Yields Push Model US Pension Funded Status Lower
A 7% rise in liabilities offset a 4% gain in assets during Q2.
Newsmakers
Illinois Pension Buyout Program Falls over $400 Million Short of Goal
Buyout plans were expected to save $423 million, but only saved $13.1 million.
Risk
SFERS Posts 7.81% Return
The San Francisco retirement system has managed to beat its annual expected rate of return for the 2018-2019 fiscal year despite a volatile equity market.
Proposed Bill to Require Companies to Disclose Climate Risk
Legislation would require SEC to issue climate risk disclosure guidelines.
Real Estate Advisory Firm, Execs Pay over $60 Million to Settle SEC Charges
SEC alleges firm wrongfully inflated incentive fees for two mergers.
Risk
New Jersey Pension Fund Just Shy of 3.09% Benchmark
Real return is the $76 billion plan’s best-performing asset class.