Public pensions

CalPERS shortens amortization period to 20 years

Pension Funds -

Pension Funds -

The CalPERS board voted to shorten the period over which gains and losses are amortized to 20 years from 30 years for new pension liabilities.

Searches and Hires -

Searches and Hires -

Bristol County Retirement System is searching for a U.S. core fixed-income manager and a TIPS manager.
CalPERS returns 15.7% in 2017, outperforming its benchmark

Pension Funds -

Pension Funds -

CalPERS earned a 15.7% net return in 2017, besting its benchmark by 25 basis points.

SEARCHES AND HIRES -

SEARCHES AND HIRES -

San Francisco City & County Employees' Retirement System disclosed new commitments and investments totaling $320 million.

Searches and Hires -

Searches and Hires -

Merced County Employees' Retirement Association hired Meketa Investment Group as investment consultant.

Searches and Hires -

Searches and Hires -

State of Wisconsin Investment Board made two new real estate commitments totaling $200 million during the fourth quarter.

Searches and Hires -

Searches and Hires -

Louisiana Firefighters' Retirement System hired Quantitative Management Associates to run $53 million in active domestic smidcap equities.
New Mexico Educational Retirement Board earns 13.9% in 2017

Pension Funds -

Pension Funds -

New Mexico Educational Retirement Board earned a net return of 13.9% for the year ended Dec. 31.
PGIM CEO sees public pension deficits as looming crisis

Pension Funds -

Pension Funds -

Swelling shortfalls in public pension funding could become the next financial crisis, says PGIM CEO David Hunt.
New York State Common returns 4.12% for quarter

Pension Funds -

Pension Funds -

New York State Common Retirement Fund returned 4.12%, net of fees, for the three months ended Dec. 31.

Searches and Hires -

Searches and Hires -

Illinois Teachers' Retirement System is searching for general and hedge fund investment consultants.
Malaysia's EPF announces 6.9% dividend payout, record gross investment income

ONLINE -

ONLINE -

The Malaysian provident fund's dividend distribution for its 14.7 million members was the highest in 21 years.

Searches and Hires -

Searches and Hires -

Watertown Contributory Retirement System is looking for a global multiasset allocation manager to run about $11 million.
N.Y. State Common withdraws shareholder request after AEP sets greenhouse gas reduction targets

Governance -

Governance -

New York State Common Retirement Fund withdraws request after American Electric Power said it will adopt greenhouse gas reduction targets.

Searches and Hires -

Searches and Hires -

Illinois SURS hired AQR Capital Management, Gladius Capital Management and Neuberger Berman to run options-writing strategies.