CT Treasurer, Governor at Odds on Breaking Bond Covenant
The Teachers' Retirement System Viability Commission explores options.
News Archive: Feb - 2018
PGIM CEO Eyes Public Pensions as Next Financial Crisis
Hunt points to funding difficulties due to lawmakers setting obligations.
Regulation
AZ Judge, Politician Pension Could Get Funding via Judicial Fee Bump
Employer contribution increase, COLA reductions are also being discussed.
Research
Malaysia’s Largest Pension Returns 14.13% in 2017
Employees Provident Fund also declares highest dividend in 20 years.
Research
Danish Pension Fund ATP Returns 29.5% in 2017
Fund adds $4.9 billion for total assets of $126.9 billion.
Risk
CalPERS Loses $15B in Stock Drop
But fund’s 4.6% loss is nearly half of what market lost overall, Eliopoulos says.
Newsmakers
Kentucky Business Leaders Urge for Reform to Nix Public DB Plans
General Assembly, pension advocacy group, Democratic Party publicly respond via social media, local radio.
Research
NYS Common Retirement Fund Cracks $200 Billion
Strong equities helped drive fund in fiscal Q3.
Regulation
Endowment Tax Hits Harvard’s Investment Strategy
Dean says university will refrain from making long-term commitments due to 1.4% excise tax.
WPP De-Risks £140 Million in DB Liabilities
The pension insurance buy-ins cover communication giant’s five pension plans.
Asset Management Culture
ISBI Chair Explains Why Illinois Ditched Hedge Funds
State investment board cut nearly all of its hedge fund managers.
Regulation
Attorney General Orders Kentucky Governor to Release Pension Analysis
Ruling states Bevin violated public access laws upon November refusal.
Newsmakers
Norges Bank Open to More Japanese Real Estate Deals
Largest SWF ready for multiple 100 billion-yen agreements each year.
TPR Doles Out £130,000 in Fines to Two Pension Violators
Bus operator is first company to be sentenced for shirking auto-enrollment duties.
Manager Selection
CalSTRS Expands ESG Program, Approves Seven New Money Managers
Firms eligible include Al Gore’s Generation Investment Management.