Latest News

Ontario Teachers' CEO in familiar role as search for new CIO continues

PENSION FUNDS

PENSION FUNDS

Ontario Teachers' chief executive has stepped in as interim CIO of the C$189.5 billion pension fund.
Milliman: Corporate pension funding improves in April to nearly 92%

Pension Funds

Pension Funds

The funded status of the 100 largest U.S. corporate pension plans rose 1 percentage point to 91.6% in April.

Asset Servicing

Asset Servicing

Mark Porter is stepping down as CEO of asset servicing firm MUFG Investor Services but will remain with the firm as an adviser.
Kentucky's pension obligations contribute to S&P credit rating downgrade

PENSION FUNDS

PENSION FUNDS

S&P Global Ratings downgraded Kentucky's credit rating due in part to "increased budgetary strain from rising costs associated with pension obligations."
S&P Global Ratings downgrades Fort Worth's debt rating because of pension liabilities

PENSION FUNDS

PENSION FUNDS

S&P Global Ratings downgraded Fort Worth's general obligation debt rating to AA from AA+ , citing the city's rising pension liabilities.
Life post-CalPERS: CIO Eliopoulos envisions private-sector career

PENSION FUNDS

PENSION FUNDS

CalPERS CIO Ted Eliopoulos said it's likely he'll be joining the private sector when he leaves the $355.9 billion pension fund at year-end.
Shareholders OK proposal calling on Range Resources to issue emissions management report

GOVERNANCE

GOVERNANCE

Range Resources investors voted in favor of a proposal calling on the company to issue a report related to its methane emissions management.
CalPERS eyes creating corporate structure for direct private equity investing

Pension Funds

Pension Funds

CalPERS is embarking on a new program to invest directly in private equity and late-stage venture capital through a corporate structure.
University of Rochester sued over alleged excessive administrative fees in 403(b) plan

Courts

Courts

A participant in University of Rochester 403(b) sued the university, alleging it offered a plan that charged "grossly excessive" fees.
New York State Common returns 11.35% in fiscal year

Pension Funds

Pension Funds

The New York State Common Retirement Fund posted an estimated 11.35% net return on investments for the fiscal year ended March 31.
FirstGroup, Aon Hewitt sued over changes to DC plan investment options

Courts

Courts

Participants in a DC plan offered by FirstGroup America have sued the firm and Aon Hewitt Investment Consulting alleging ERISA violations.
ICI: DC participant withdrawals stay low in 2017 as contributions hold steady

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

DC plan participants continued saving in 2017, with withdrawal activity remaining very low and participants maintaining contributions.
NN Investment Partners to divest tobacco holdings

ESG

ESG

NN Investment Partners will divest all of its fixed-income and equity investments in tobacco manufacturing companies within one year.
Canada Pension Plan returns 11.6% for fiscal year

PENSION FUNDS

PENSION FUNDS

Canada Pension Plan returned a net 11.6% for its fiscal year, helping to increase its overall assets to C$356.1 billion.
Dutch metallurgy industry pension fund ups commitment to Barings real estate fund

Real Estate

Real Estate

Pensioenfonds Metaal & Techniek made an additional commitment of €100 million to Barings European Core Property Fund.