Investors Withdraw $7 Billion From Hedge Funds in June
Despite signs of a rebound, sentiment turns negative on the asset class, bringing YTD inflows down to $20.65 billion.
News Archive: Aug - 2017
Corporate Moves
CalSTRS Deputy CIO To Retire After 27-Year Run
Michelle Cunningham was also the fund’s first internal investment officer.
Research
Pension Plan Funding Sputters in 2016
Report finds growth of liabilities is outpacing asset growth.
Research
Rising Pension Age Hits Women’s Savings in UK
1.1 million fewer women are receiving a state pension due to an increase in pension age.
CT Officials Pass Pension Concession Labor Pact
The state seeks to close a $5.1 billion shortfall in two years.
Wilshire: US Corporate Pensions Up 1% in July
Funded ratio sees first increase since March.
Half of Middle-Market Dealmakers See No Impact From Trump on Private Equity Fundraising
ACG New York survey shows most expect private-equity investments will outpace hedge-fund and venture-capital investments in 2H.
Gov. Rauner Issues Amendatory Veto to Illinois’ Senate Bill 1
Urges General Assembly to make “historic changes” to state education funding.
Universities Superannuation Pension Reports 20.1% Return
However, liabilities outpaced investments, increasing the fund’s deficit.
Newsmakers
Three Days Left to Nominate Most Innovative CIOs and Best Asset Managers of 2017
Nominations close Friday, August 4.
Newsmakers
Calif. High Court to Hear Appeal Against San Diego Pension Cuts
City could be forced to create pensions for 3,000 workers if overturned.
Research
New Workers Must Save 20% of Income to Match Baby Boomers’ Retirement
Report finds new workers face “hostile economic environment.”
Newsmakers
International Paper to Make $1.25 Billion Pension Contribution
The move is part of a long-term de-risking program at the company.
eVestment: Public Pension Plans Gravitating to Real Assets, Private Equity
The trend may help introduce more transparency in these private markets since public plans are held accountable, firm says.
Research
KPMG Survey Finds ‘No End to Growth for LDI’ in UK
UK pensions have more than £900 billion of exposure to LDI.