NYS Common Retirement Fund Gains 1.53% in First Fiscal Quarter
Period was the last full quarter with Vicki Fuller as CIO.
News Archive: Aug - 2018
Two UTIMCO Key Funds See 1.4% Second Quarter Return
The Texas endowment's Permanent University and Long Term funds post gains of 5.8% over a 10-year period.
Bridgewater Ditches Facebook for Alibaba, Baidu, and Amazon
The world’s largest hedge fund pares stake in the social media juggernaut by 76% while refocusing its tech exposure.
Risk
Florida Retirement Systems Returns 8.98% in 2018
State pension fund assets surpass benchmark to reach $160.4 billion market value.
CalPERS Consultant Defends Forestland Sale
The pension lost around $500 million as it sold most of its portfolio.
4 Reasons that Pay Raises Are so Low
Productivity, industry concentration, working insecurity, and baby boomers make up Natixis economist’s list.
Newsmakers
NJ Panel Calls for Overhauling Public Workers’ Pensions
Put beginning teachers and government workers into a hybrid plan to trim the state’s funding deficit, group says.
Inflation Outlook Isn’t that Bad, Ditto Rate Hikes
Even with core CPI the highest in 10 years, the number shouldn’t ‘spook’ the Fed, says Pantheon’s Shepherdson.
Corporate Moves
CalPERS Names New Controller
Michele Nix formerly was director of finance at the city of Columbia, Missouri.
Mercer Acquires Pavilion Financial, Summit Strategies Divisions
Mega-consultant looks to bulk up non-profit presence.
TPR Charges Accountant for Giving False Information
Hashmukh Shah accused of falsely claiming firm enrolled staff in pension plans.
Institutional Assets Rebound Slightly in Q2
Gains 0.88% after registering first loss in nearly three years during Q1.
CalPERS CIO Orders Active Risk Review
Ted Eliopoulos wants to know whether the largest US pension system is being rewarded enough for its investment risk taking.
Newsmakers
Kentucky Supreme Court Will Weigh Controversial Pension Bill
Gov. Matt Bevin appealed the Circuit Court’s June ruling against his pension reform law.
A Just-OK Stock Market for New Fed Head Powell’s First 6 Months
The Dow is up 4.6% since he took over, putting him in the middle for debut chairs.