Regulation
PBGC Issues One-Time Waiver for 4010 Filers
Pensions with a value date between October 1, 2022, and March 1, 2023, may qualify.
News Archive: Aug - 2023
Asset Allocation
BDC Stocks Soar by 12.8% in 2023, Despite Risks
Major investment firms such as Blackstone have pushed into business development companies, whose sizable yields are alluring.
Regulation
Insurance Executives Say ERISA PRT Rule Is Enough
Only minor changes to the DOL's PRT regulation, IB 95-1, would be needed to account for changing market conditions, industry leaders say.
Pensions
AustralianSuper Adds 6 Senior Staff to London Office
Carl Astorri will lead the A$300 billion pension fund’s UK investment team.
Pensions
Improved Funding Spurs UK Pension Giant USS to Propose Lower Contribution Rates
The proposed reduction would cut the combined employer and employee contribution rate to 16.2% from 31.4%.
Research
Hedge Funds Aimed at Ailing Companies Will Do Well, Agecroft Says
A report sees higher rates and a weakening economy pushing firms into bankruptcy or restructurings.
Asset Allocation
Illinois Police Pension Seeks Active Manager for Small, Mid-Cap Stocks
The $9.4 billion Illinois Police Officers’ Pension Investment Fund has $450 million in international small-cap stocks.
Asset Allocation
How 5 Of the World’s Largest Pension Funds Invest to Combat Climate Change
It’s trickier for some, like the Norwegian program, which is funded by North Sea oil.
Regulation
PBGC Provides More Than $1B to 3 More Ailing Multiemployer Plans
The plans were projected to become insolvent within 10 years.
Asset Allocation
Public Equities Buoy CalSTRS’ 6.3% Investment Return for Fiscal 2023
The pension giant’s public equity portfolio returned 16.7% for the year, but the overall portfolio fell short of its 7% target.
Asset Allocation
New York State Pension Fund Invests More Than $1.4B in June
Nearly half of the commitments were made to three private equity funds.
Regulation
PBGC’s Insurance Programs Are in Strong Financial Shape, Report Says
Both single and multiemployer programs are in the green for years into the future.
Asset Allocation
Offices Aren’t the Most Threatened Real Estate Sector—Apartments Are
Morningstar says multi-family’s finances are even more precarious.
Pensions
Pennsylvania PSERS Sues Aon Over Accounting Error
The pension fund accuses Aon of breach of contract, breach of fiduciary duty and negligence.
Corporate Moves
TCW Group Acquires Engine No. 1’s ETF Business
The San Francisco-based firm’s Transform platform manages more than $600 million in US equity ETFs.