Newsmakers
University of Wisconsin Oshkosh Foundation Files for Bankruptcy
Blames regents for ‘policy flip flop’ and ‘political gamesmanship.’
News Archive: Aug - 2017
Preqin: Hedge Funds Up 1.15% in July
Positive returns from top-level strategies; emerging markets continue nine-month hot streak.
Royal London Intermediary Pension Sales Up 64%, Demands Competition
After posting a successful H1 2017, UK pension provider Royal London wants more competition—and it’s pressing the government and regulators to open the floodgates.
Newsmakers
Three US Pensions Sue Six World Banks
IPERS, OCERS, and SCERS file a class-action lawsuit against Wall Street titans over a stock-lending scandal.
Research
Nearly Two-Thirds of 2016 FDNY Pensions Top $100K
More than 20% of total 15,606 FDNY retirees eligible for six-figure pensions; high retirement benefits attributed to disability-related plan.
Newsmakers
New Zealand Super Fund Shifts Passive Equities to Low Carbon
Fund moves $10.2 billion into eco-friendlier firms, eyes active investments next.
Kentucky Universities Mull Split from State Retirement System
Plan has already gone to Council on Postsecondary Education.
Moody’s: NJ State Lottery Pension Law “Slightly Positive,” More Work Required
Report indicates while the law is a step in the right direction, lottery floor covers 25% of state pension’s ARC.
Research
Virginia Retirement System Sees 12.1% Return for FY 2017
Public, private equities help boost fund to historic high.
Dalio Steps Into Publishing With “Principles”
Bridgewater Associates founder already planning second release.
CalPERS Flexes its Proxy Muscles
$330 billion system boasts about its influence on corporate governance of public companies.
Research
Mortgages, Cars, Credit Cards Drive Household Debt Higher
US household debt has surged more than 15% in just four years.
Newsmakers
Houston, Dallas Pension Reforms Spur Police Retirements
Surge in retirements due to changes that reduced benefits for officers.
Labour, House of Commons: 37 Million to Be Affected by UK Pension Age Increase
More than 56,000 in Prime Minister’s constituency.
