Newsmakers
FedEx, Kroger to Contribute $1 Billion Each to DB Plans
FedEx’s 2017 pension contribution is more than triple that of 2015 and 2016 combined.
News Archive: Jul - 2017
Illinois Gov. Rauner Can’t Legally Veto Pension Reform Bill, CPS Says
Governor demands Senate Bill 1 be placed on his desk immediately.
Risk
Kentucky’s Sen. Schickel Praised for Sticking to ‘CERS Divorce Bill’
The senator also says passing SB 226 could help the state’s police fund.
UK Pensions Could Benefit from Diversified Property Investments
Aon white paper says pensions shouldn’t focus solely on commercial property.
Newsmakers
Robert “Vince” Smith Joins Innovation Awards Board
Award nominations close in less than three weeks.
Newsmakers
CIO of National Pension Service, Third-Largest Pension Fund, Resigns
In the aftermath of a scandal, South Korea’s National Pension Service loses CIO Myoun-Wook Kang.
Even the Most Fiscally Fit States Have Pension Problems
Report ranks Florida, North Dakota, South Dakota, Utah, and Wyoming as the top five states by fiscal condition, but long-term challenges loom.
Research
Most Irish Workers Don’t Have Access to Work Pensions
And nearly a quarter of people with access to work pensions don’t use them.
CIO’s Transition Manager Survey Open
Our annual online questionnaire seeks to find the year’s most outstanding transition managers.
Preqin: Emerging Market Private Equity Assets Boom to Cross $500 Billion Mark
One-fifth of global investors intend to increase their allocation to private equity in emerging markets in 2017.
CalPERS Posts Preliminary Gains of 11.2% for 2016-2017 Fiscal Year
Strong equity gains of 19.7% drive funded ratio up 3% to 68%.
JP Morgan’s Dimon Criticizes US Policies During Earnings Call
The Chase CEO says he is “almost embarrassed” to be a US citizen.
H.I.G Funds to Invest in Middle-Market Debt, Direct-Lending Opportunities
Raises $1.1 billion from foundations, endowments, public and private pensions, and sovereign wealth funds.
CalPERS Seeking Global Equity, Private Equity “Transition” Managers
Pension looking for successful early-stage managers who no longer fit its “Emerging” category.
Newsmakers
New Michigan Plan Looms as Gov. Snyder Signs Senate Bill 401
The new law will shift current retirement plans to a new DC hybrid.