
NY State Pension Returns 11.55% in Fiscal 2024, Dumps Another Stock Fund
The $267.7 billion pension giant cashed out of $3.8 billion worth of equity investments in March and April alone.
The $267.7 billion pension giant cashed out of $3.8 billion worth of equity investments in March and April alone.
The asset class gained 19.5% for the UPP investment portfolio after losing 14.1% a year earlier.
The repayment is the second related to overpayment of excess funds received from the PBGC in connection with the Special Financial Assistance Program.
SBA Communications, American Tower, and Crown Castle have agreed to increase disclosures about tower site safety.
Analysis finds that each dollar the $12.1 billion pension fund paid out in pension benefits generated $1.40 in economic activity in the state.
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
Despite double-digit gains that raised the fund’s value to nearly $3 billion, the returns fell just short of the pension benchmark’s performance.
More than $400 million of the investment was made within the pension fund’s real estate portfolio.
The independent committee needs representatives of pensions and mutual funds to bolster investor protection.
Rana Ghorayeb will oversee the pension fund’s $57 billion portfolio as it consolidates its Ivanhoé Cambridge and Otéra Capital subsidiaries.
The University Pension Plan Ontario’s first investment under the partnership is an undisclosed stake in Great Britain’s largest rolling stock company.
The New York State Common Retirement Fund also invested $25.5 million in a fund managed by one of its Emerging Manager Program partners.