Public pensions

CalPERS balancing risks in review of lower return target

CalPERS balancing risks in review of lower return target

The stakes are high as the CalPERS board debates whether to significantly decrease the nation's largest public pension fund's assumed rate of return, a move that could hamstring the budgets of...

November 28, 2016
Kentucky teachers plan to file class-action suit over underfunding

Kentucky teachers plan to file class-action suit over underfunding

Active and retired Kentucky public school teachers plan to file a class-action lawsuit Tuesday against Kentucky Gov. Matt Bevin and the Kentucky Legislature for allegedly underfunding the $17.5...

November 28, 2016 | 03:54 pm

Louisiana municipal pension fund welcomes its first CIO

Christopher Saik was named chief investment officer of the $798 million Louisiana Municipal Employees’ Retirement System.

November 28, 2016 | 03:30 pm

Essex County Council searching for infrastructure managers

Essex County Council Pension Fund is looking for up to two infrastructure managers to invest 2% of the pension fund’s assets in unlisted infrastructure funds.

November 28, 2016 | 01:53 pm
U.K. government gives LGPS pools the green light

U.K. government gives LGPS pools the green light

Two separate groups of U.K. local government pension schemes have been given the go-ahead to continue to work together and pool their assets ahead of a 2018 deadline.

November 25, 2016 | 11:20 am
GPIF reports 1.8% investment gain for latest quarter, record cash holdings

GPIF reports 1.8% investment gain for latest quarter, record cash holdings

Japan’s Government Pension Investment Fund, Tokyo, on Friday reported a 1.84% investment gain for its fiscal second quarter, which ended Sept. 30, lifting the value of its portfolio to ¥132....

November 25, 2016 | 02:06 am

Texas County & District bolsters hedge fund portfolio

Texas County & District Retirement System, Austin, invested a total of $430 million in seven existing hedge funds year-to-date through Nov. 1, a recently updated transaction report on the $24.7...

November 23, 2016 | 03:38 pm

New Mexico State Investment Council commits up to $82.5 million to private equity

New Mexico State Investment Council committed up to $82.5 million to two private equity funds.

November 23, 2016 | 03:51 pm

Alameda County Employees eyes commitments totaling nearly $63 million

Alameda County Employees' Retirement Association's investment committee recommended two new commitments totaling up to $62.7 million.

November 23, 2016 | 03:47 pm

Illinois State Treasurer's Office chooses Boston College for Secure Choice study

Illinois State Treasurer's Office hired Boston College to study the financial feasibility of the state's Secure Choice program.

November 23, 2016 | 01:48 pm

Fort Worth moves $540 million to 2 Northern Trust global index strategies

Fort Worth Employees' Retirement Fund hired Northern Trust Asset Management to manage roughly $270 million each in a global equity index strategy and a global multifactor equity index strategy.

November 23, 2016 | 12:23 pm
North Dakota pension trust returns 0.31% for fiscal year, below its benchmark

North Dakota pension trust returns 0.31% for fiscal year, below its benchmark

North Dakota State Investment Board's pension trust returned a net 0.31% for the fiscal year ended June 30, below its policy benchmark of 0.63%.

November 22, 2016 | 11:38 am
Montana Board of Investments sees 2.1% return for fiscal year

Montana Board of Investments sees 2.1% return for fiscal year

Montana Board of Investments' pension funds returned a combined net 2.1% for the board's fiscal year ended June 30.

November 22, 2016 | 01:36 pm

Tennessee Consolidated sets $200 million for direct lending, private equity

Tennessee Consolidated Retirement System, Nashville, hired Christofferson, Robb & Co. to run a $100 million strategic lending separate account portfolio.

November 22, 2016 | 03:54 pm
N.J. Legislature sends bill to governor requiring quarterly pension fund payments

N.J. Legislature sends bill to governor requiring quarterly pension fund payments

The New Jersey General Assembly and Senate have unanimously approved a bill that would require state payments to the New Jersey Pension Fund to be made quarterly rather than in the traditional...

November 22, 2016 | 01:02 pm