Pensions
Kentucky Pension System Returns 10.7% in Fiscal 2024
The KPPA’s assets rose $3 billion to $26.9 billion.
Tag: Kentucky
Risk
Texas Fund’s BlackRock Pullout Marks Latest Anti-ESG Broadside
A Republican-led backlash, including laws to undermine sustainability efforts in 17 states, may be having some results.
Pensions
KPPA Releases Fiscal Year 2023 Annual Report
The Kentucky Public Pensions Authority saw assets increased to $24.9 billion in the period ending June 30, 2023.
Newsmakers
Kentucky Treasurer Targets 11 Firms for ‘Energy Company Boycotts’
BlackRock, Citigroup and JPMorgan Chase have all been threatened with state divestment due to alleged fossil-fuel bias.
Newsmakers
Kentucky Public Pensions Authority Names Steve Willer CIO
The $22 billion pension fund also tapped Anthony Chiu as deputy CIO.
Newsmakers
GOP-Led States Ban Pension Plans From Dealing With ESG-Backing Firms
Texas probes whether BlackRock and other asset managers are boycotting fossil fuels.
Pensions
The New Kentucky Investment Chief Just Got a 41% Pay Boost
Still, the salary remains at the low end for allocators at public pension funds.
Pensions
Kentucky Lawmakers Override Pension Bill Veto
Law, opposed by governor, is allowed to stand, requiring teachers to contribute more and work longer before earning benefits.
The Big Challenges Facing the New Kentucky Pension Plan CIO
Ahead of an April 1 system overhaul, Steven Herbert has a ‘hundred actions’ he needs to perform.
Manager Selection
Breaking News: Kentucky Retirement Systems Names Steven Herbert New CIO
The asset manager and former consultant is the sixth investment chief to head the fund in about 13 years. He starts Jan. 16.
Pensions
State Contributions Worry Kentucky Trustees Once More
At lowest funded US public pension fund, the same percentage of active worker payrolls will not net the same level of contributions as in the past.
Pensions
Kentucky Teachers’ Plan Improves Funded Status to 58.4%
The state’s full contribution led to a fourth straight year of higher funding levels, as the pension issue continues to roil the legislature.
Manager Selection
Kentucky Eyes Paying More to Fill Vacant Pension CIO Slot
Right now, the investment head can’t earn a salary above the governor’s $167,000, half what the chief could make elsewhere.
Pensions
Kentucky Governor Signs Measure to Revamp Local Pension Boards
Legislation creates new panel of trustees for County Employees Retirement System.
Alternatives
Kentucky Eyes $200 Million Controversial Investment in Direct Lending Firm
The pension fund seeks lucrative opportunities during the virus-driven downturn, but some staffers think the deal is too risky.