Risk
S&P: Single-Employer Pensions Can Strain Illinois City Budgets
Poor discipline, an inability to reform, and demographics at public safety officer pensions could hurt municipalities’ credit.
Tag: Funding
Corporate Moves
Australia’s Hostplus, Statewide Super to Explore Potential Merger
If approved by trustees, the resulting allocator would manage more than A$77 billion in retirement assets.
Alternatives
As VC Soars, Main Sequence Attracts Temasek, Hostplus for Second Fund
The oversubscribed fund, which has raised $250 million AUD, is emblematic of the new popularity of venture capital.
Asset Management Culture
MBS Wants Saudi Arabia Fund to Reach $2 Trillion in Assets
The crown prince’s ambitious plan for the Public Investment Fund would change the kingdom’s dependence on oil while creating the world’s largest pool of institutional money, but questions remain.
Asset Allocation
Exclusive Coverage: CIOs Assess How Pension Fund Investors Can Be Successful After COVID-19
Better governance, flexibility, and clever investment strategies and solutions can prepare pension funds for the future, plan leaders say.
Pensions
QSuper, Sunsuper to Form $155 Billion Australian Superannuation Fund
The deal will create one of the most significant mergers of its kind, the plans say.
Pensions
Illinois Lawmakers Pass Firefighter Pension Bill Upping Benefits
The move would add $18 million in extra inflation-adjustment benefits for its first year, expanding the liability for the poorly funded plan.
Asset Allocation
GPIF Invests $12.5 Billion in Morningstar, MSCI ESG Benchmarks
The Japanese pension giant has already started passively investing with the two US index providers.
Asset Management Culture
4 Public Pension Funding Strategies Besides Employer Contributions
Issuing bonds or tapping gambling revenues are among the methods some states adopt, the National Institute on Retirement Security finds.
Market Moves
Emerging Markets and China Hedge Funds Likely to Outperform
Regional equity gains, as well as currency increasing against a declining US dollar, helped the asset classes surge in second quarter.
Pensions
New Jersey Governor Proposes $4.6 Billion Pension Payment
The record contribution falls short of what’s needed for the nation’s worst-funded retirement system.
Pensions
Multiemployer Plans See Wild Funding Swings in First Half
Funded levels fluctuated from 85% down to 72% and back up to 82% during first six months of the year.
Research
Corporate Pension Plans’ Funded Status Dips for First Time Since April
A surge in liabilities from low discount rates dropped aggregate ratios 1.3 percentage points to 79.9%, Wilshire says.
Alternatives
Institutional Investors Boosting Hedge Fund Allocations, Survey Finds
Allocators leery of a second half downturn are diversifying portfolios with the asset class.
De-risking Corporate Pension Plans Is Getting Tougher
After making great strides to improve DB funded ratios, increased market volatility and delayed contributions may reverse that momentum.