Market Moves
US Corporate Funding Ratios Decline Slightly in August
Corporate pension funding decreased for the first time since December 2022.
Tag: Wilshire Associates
Asset Allocation
Wilshire Brings Out More Fine-Tuned Indexes
The firm is a big critic of rivals’ indexes, which it says fail to represent today’s stock market.
Newsmakers
Conflicting Data on Corporate Pension Funded Status for May
Some consultants report an increase in funded ratios, others report a decrease, while others report minimal change.
Manager Selection
LA Fire and Police Pensions CIO Ray Joseph Resigns
Joseph leaves after less than a year on the job due to personal reasons.
Will Allocators Ever Embrace Liquid Alts?
Institutional investors mostly want to direct their non-market-correlated strategies themselves, but acceptance of these retail-oriented alternatives is inching up.
Corporate Moves
LA Fire and Police Pensions Names Ray Joseph as New CIO
Joseph will replace Tom Lopez, who is retiring after more than 40 years at the pension fund.
Asset Allocation
Kentucky Retirement Systems Leans into Stocks, Real Estate
Investment committee members are dialing up risk levels to meet return assumptions.
Asset Allocation
Ohio Police & Fire Pension Approves 5% Gold Allocation, Earns 9.21% in Q2
The $15.65 billion fund is looking to the precious metal to help with diversification and as an inflation hedge.
Pensions
Kentucky Retirement Systems Returns 1.2% for Fiscal 2020
State pension plans collectively beat their benchmarks, but fall far short of their peers.
Manager Selection
Former Wilshire President Joins Rhode Island Treasury as CIO
Andrew Junkin will lead the state pension system’s investment operations after 15 years at the consulting firm.
Newsmakers
New Mexico PERA Launches Passive Risk Parity Strategy
Plan seeks to change up multi-risk allocations, boost beta exposure.
Diversity Not a Priority for Asset Managers
Report finds that interest and concern have not translated into action.
CalPERS Gets a D for Fixed Income Management, But B For Overall Program
Consultant Wilshire Associates also gives overall CalPERS leadership a C grade.
Newsmakers
Ohio Police & Fire Pension Cuts Assumed Rate of Return to 8%
Fund also terminates $259 million non-US equity mandate, opens manager search.