HOOPP Grows to $77.8 Billion, Remains 122% Funded
Fund exceeds benchmark by 2.99%.
News Archive: Mar - 2018
Manager Selection
Organizational Changes, New Roles Created for Australian Future Fund
Changes made to simplify structure, focus on performance.
Newsmakers
Diocese of La Crosse Cuts Pension Plan
More than 1,000 pensioners to lose benefits; Fund had been frozen since 2007.
Former Congressman Named Chair of POWER Pension Coalition
Lack of Congressional reform could tank 100 multiemployer plans.
Asset Allocation
Tobacco, Weapons Exclusions Reduce Norway Fund’s Returns
Fund manager reports that some ‘ethical exclusions’ have lowered the fund’s performance.
Regulation
Oregon Passes Law to Boost Public Pensions
Two funds will be created to help reduce the state’s $25 billion in unfunded liabilities.
Regulation
A.G. Beshear Declares KY Pension Substitute Still Illegal
Cites issues with teachers’ COLA reductions.
UK Pension Liabilities Surge to £7.6 Trillion
State pension liabilities claim £4 trillion.
Newsmakers
Ray Dalio Is Freaked Out by Trade War with China
The hedge fund magnate calls for negotiations between Washington and Beijing.
Asset Allocation
Connecticut Considers Gun Divestment
State treasurer says she may ‘divest or not make further investments in gun companies.’
Discount Rate Increase Helps Grow Pensions in February
LGIMA expects heavy fixed income contributions to come.
CAAT Pension Plan Hits 118% Funded
CEO says plan is ‘in discussions with several organizations and employee groups’ about joining the fund.
Private Equity Buyout Value, Exits Rise in 2017
Report says asset class closes out best five-year stretch in industry history.
Preqin: 80% of Institutional Investors Bet on Alternatives
Investors seek to allocate more to private debt, infrastructure in coming year.
Corporate Moves
UVA Investment Management Firm Names New CEO, CIO
Robert Durden has been tapped to head up Virginia’s $9.2 billion endowment.