Table of Contents

Issue Date: Monday, September 17, 2018

News

Gap between haves, have-nots is growing

Gap between haves, have-nots is growing

Better investment returns and funding improvements didn't make much of a dent in funding ratios of public pension plans.

LIBOR replacement to spread headaches

LIBOR replacement to spread headaches

Replacing LIBOR as a benchmark rate for derivatives and fixed income won't be easy, sources said.

Gap between haves, have-nots is growing

Gap between haves, have-nots is growing

Better investment returns and funding improvements didn't make much of a dent in funding ratios of public pension plans.

S. Korea's target-date funds get a little regulatory help

S. Korea’s target-date funds get a little regulatory help

South Korea's move to ease equity caps in target-date funds is cheered by industry, but winning default option status is the dream.

Retirement issues begin to see activity in Washington

Retirement issues begin to see activity in Washington

Retirement experts are encouraged that officials in Washington increasingly are looking at ways to expand workplace retirement savings.

Derisking on sponsors' agenda after rush of contributions

Derisking on sponsors’ agenda after rush of contributions

The expiration of a tax deduction for increased pension contributions likely means a shift in strategy for many DB plan sponsors.

Seeking an edge, more managers beef up websites to woo clients

Seeking an edge, more managers beef up websites to woo clients

Money manager websites are getting a dust off, with firms hoping they will open new windows of opportunity with institutional investors.

U.S. equities, alts power strongest returns for plans

U.S. equities, alts power strongest returns for plans

Public plans with heavy allocations to U.S. equities and alternatives tended to post strong returns for the fiscal year ended June 30.

Institutional investors are axing timber allocations, but some question if the timing is right

Institutional investors are axing timber allocations, but some question if the timing is right

Investors tired of poor returns are getting out of timberland at what some say is the wrong time.

European DC sponsors want to reduce home bias in equity

European DC sponsors want to reduce home bias in equity

Retirement plans across Europe are working to minimize the effects of portfolios overly focused on domestic markets.

South Korea POBA tweaks portfolio for bull market's end

South Korea POBA tweaks portfolio for bull market’s end

South Korea's Public Officials Benefit Association is adding active and liquid exposures to prepare for the eventual end of the bull market.

Increase in no-fee offerings boosts appeal of ETFs

Increase in no-fee offerings boosts appeal of ETFs

The largest financial services firms look to make a splashy market entry or press their advantages on both brand and reach in the ETF market.

Kenyan pension funds band together for infrastructure investment

Kenyan pension funds band together for infrastructure investment

Nine Kenyan pension funds formed a group to invest in local infrastructure and hope to attract international investors, too.

Canada needs to focus on DC assets, experts say

Canada needs to focus on DC assets, experts say

A World Bank executive said Canada’s retirement future is linked to growth in defined contribution assets despite its defined benefit strength.

Investors eye Africa for growth potential, need

Investors eye Africa for growth potential, need

Asset owners are starting to venture to Africa to make infrastructure and private equity investments.

Equities boom extended by recent U.S. tax cuts

Equities boom extended by recent U.S. tax cuts

Northern Trust CIO says U.S. tax cuts have "elongated" the equities growth cycle, while low inflation will continue.

William Blair considers Asia a prime growth market

William Blair considers Asia a prime growth market

William Blair's investment chief has her sights set on expanding investments and clients in Asia.

Norges Bank IM wants firms 
to address ocean-related risks

Norges Bank IM wants firms 
to address ocean-related risks

Norges Bank Investment Management called on companies to integrate ocean risks into business policies in efforts to induce sustainable ocean use.

Companies pump up pensions in bid to reduce costs, boost funding

Companies pump up pensions in bid to reduce costs, boost funding

Corporations are allocating more capital to pension plans not only to improve funded status but also to reduce pension expense.

Active managers get boost in Europe

Active managers get boost in Europe

Active managers are benefiting from European initiatives aimed at increasing institutional investors' role in financing of the real economy.

If you're investing in Africa, patience is required

If you’re investing in Africa, patience is required

Infrastructure project design and development is typically a long-term endeavor, but in Africa, it is an endurance activity.

New Jersey grapples with role of divestment in pension fund

Executives of the New Jersey Pension Fund are wrestling with the role that divestiture plays in investment management.

P&I moves to new Washington address

Pensions & Investments has moved to a new address in Washington, located in the Homer Building.

Special Report

Public funds balance sheet

Public funds balance sheet

Better investment returns and funding improvements didn't make much of a dent in funding ratios of public pension plans.

The state of hedge funds and funds of funds 2018

The state of hedge funds and funds of funds 2018

Hedge funds with an institutional orientation produced exceptionally strong net asset growth of 18.4% in the year ended June 30.

Frontlines

Editorial

Commit to better pension funding

Commit to better pension funding

Elected officials must resist pressure to increase pension benefits after short-term investment gains.

Measuring the value of financial wellness can be tricky

Measuring the value of financial wellness can be tricky

The worth of financial wellness programs is hard for employers to gauge but the benefit to workers may be immeasurable.

Other Views

Pension stress testing can help states plan for the next recession

It's time for states to mandate stress-test reporting requirements that will help quantify the risks associated with funding pension plans.

Weathering the storm – building resilience into a real assets portfolio

Investors should adopt a systematic, 3D approach in evaluating real asset climate exposure to mitigate potential risks and maximize investment opportunities.

People Moves