Research
Despite Good Returns, Iowa Public Pension’s Unfunded Liability Likely to Grow Slightly
Lack of contributions are the problem for IPERS, critic says.
News Archive: Dec - 2018
Dutch Metal Pensions Firm MN Losing Half its Board
Liesbeth Sinke is exiting the organization while Hendri den Boer transfers to its asset management unit.
Southern Water to Pay £50 Million More into Pension
UK regulator TPR forced company’s hand over dividend payout imbalance.
Newsmakers
NYC Comptroller Crowns New Private Equity Chief for Investment Bureau
David Enriquez will handle city’s $12 billion PE portfolio, which spans its five pension systems.
BT Loses Court Appeal to Link Pension Increases to CPI
Union says ruling prevents 80,000 members from losing average of £24,000 in pension benefits.
Ivy League Endowments Lag 60-40 Portfolio
None of the elite universities’ endowments beat a 60-40 portfolio over the past decade.
Newsmakers
Ted Eliopoulos Joining Morgan Stanley
The former CalPERS CIO will oversee six investment team leaders and bolster the investment bank’s relationships with its asset owner clients.
Newsmakers
California Supreme Court Hears Pension Reduction Case
But the court might rule on a narrower issue, continuing the controversy over whether the benefits promised employees are fixed for life.
Newsmakers
Brazil’s Next President Wants Piecemeal Reforms for Pensions
Jair Bolsonaro wants age increases for retirement eligibility slowly integrated sector-by-sector.
Newsmakers
If Pension Overturn Sticks, Kentucky GOP Plans to Pass a Reform Anyway
As the state Supreme Court mulls whether to reinstate the new Republican pension law, the party’s lawmakers look for a Plan B if they lose.
Bristol-Myers Squibb Closes US Retirement Plan
Pharmaceutical firm to transfer $3.8 billion in US pension liabilities to annuity.
Newsmakers
CalSTRS Investment Committee Was Split on Private Prison Divestment
The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.
Risk
Balyasny Hedge Fund Clips One-Fifth of Staff
After $4 billion in losses and withdrawals, it reverses its ambitious hiring program.
Newsmakers
Oregon PERS Scrambles for Ideas to Bolster Public Pension Plan
Gov. Kate Brown wants to put $2 billion into schools and retirement system.
TPR Bans CEO from Being Trustee for Refusing to Cooperate
Christopher Wrigley allegedly threatened one of the regulator’s case workers.