Asset Allocation
Funds Are ‘Getting Back to Basics,’ Refocusing on Long-Term Returns
Pension and sovereign wealth funds are prioritizing returns over liquidity, according to the OMFIF’s annual review.
Tag: public pension funds
Newsmakers
Maryland Retirement Agency Hires Deputy CIO
Thomas Kim has joined the $67.7 billion Maryland State Retirement and Pension System.
Pensions
US Public Pension Funds Sensitive to Market Correction, per Fitch Report
Investment volatility has re-emerged as a concern for pension plans.
Asset Allocation
Public Pensions Remain Active in Adapting Allocations
U.S. public pension managers are confident their plans are well-hedged against inflation, as they plan to increase allocations to commodities and boost infrastructure investing.
Pensions
Equity Gains Boost U.S. Public Pension Funding Status, Says Milliman
The 100 largest public pensions’ aggregate funded level now totals 74.7%, as of the end of November, advancing from 71.6% the prior month.
Market Moves
Market Volatility Erases More Than 5 Percentage Points from Public Pension Funded Ratios in September
Investment losses for the 100 largest public pensions ranged from 3.3% to 9.6% during the month.
Research
New Report Measures Public Pension Health
NCPERS publishes new metrics to evaluate the sustainability of state and local funds.
Asset Allocation
Average Public Pension Assumed Rate of Return Hits 40-Year Low
More than half of funds tracked have cut their investment return assumption since fiscal year 2020, NASRA says.
Pensions
Goldman Sachs Estimates Public Pensions Now Less than 60% Funded on Average
Senior Pension Strategist Michael Moran says local government spending limits will stymie funding levels.
Pensions
Public Pension Fund Debt Expected to Reach ‘All-Time High’
Retirement systems will struggle with meeting their required contribution targets, Pew report says.
Asset Management Culture
Research Finds Large Variations in Performance Across LPs Investing in the Same Funds
Harvard/Stanford paper finds pensions would have earned an aggregate $45 billion more if private equity fund distribution waterfalls were uniform.
Asset Allocation
NYC and London Mayors Urge Global Cities to Divest from Fossil Fuels
Mayors Bill DeBlasio and Sadiq Khan implore that ‘time is running out’ on climate change; provide a toolkit for divestment.
Public Pensions’ Cash and Short-Term Investments Jumped 16.7% in 4Q
Largest quarter-to-quarter increase since 2005, Census Bureau says.