CalPERS Gets a D for Fixed Income Management, But B For Overall Program
Consultant Wilshire Associates also gives overall CalPERS leadership a C grade.
News Archive: Sep - 2018
Newsmakers
Two Biggest Pennsylvania Public Pension Funds Underreported $3.8 Billion in PE Fees, Oxford Professor Says
State treasurer and lawmaker demand more transparency from debt-laden PSERS and SERS plans.
Asset Management Culture
Harvard Sells $950 Million in Warehouses to Blackstone
PE group targets portfolio’s last-mile properties as e-commerce businesses boom.
Asian Private Equity Funds Make Up 25% of Global Assets
Total assets under management hit $722 billion, with $246 billion in dry powder.
Newsmakers
Supreme Court Hears Kentucky Pension Arguments
Justices grill governor’s top attorney over the legality of complex bill’s passing.
Corporate Moves
Royal Mail Pension Taps Stand-In as New CEO
Richard Law-Deeks’ strong leadership during his acting-chief period led to his promotion.
Bill Seeks to Bolster Women’s Retirement Savings
Legislation addresses financial disadvantages that disproportionately affect women.
California, Texas, Virginia Endowments Report 2018 Returns
Texas, Virginia returns top 11%; California lags with 8.9%.
European Court Rules UK Pension Compensation Cap Unlawful
Ruling expected to cause ‘administrative difficulties’ for UK’s Pension Protection Fund.
Newsmakers
Lifetime Achievement Award: Mansco Perry, Minnesota State Board of Investment
A focus on the fundamentals of investing and the greater mission the portfolio serves are central to Perry’s highly distinguished career.
CalPERS Selects New Chief Investment Officer
Deal with Ben Meng is not done, however, as negotiations continue on total compensation.
Scott Lupkas Named Chief of Raytheon’s Pension Unit
New executive for the defense company comes from autoworkers union retiree health plan.
Smaller DC Pensions Struggle to Demonstrate Value
Survey finds size matters regarding defined contribution plan governance.
Mercer’s Parent Company Buys UK Rival for $5.7 Billion
The firm will expand its reach into the British pension advisor market.
Wilshire: City, County Pension Systems’ Funded Status Grew by More than 4% in 2017
Shortfalls decline by $22.7 billion from 2016.