Some large pension funds are grouping together risk premiums as the basic building blocks to diversify equity portfolios, substituting them for traditional methods based on such characteristics as geography and sectors.
The California Public Employees' Retirement System has quietly started a program aimed at doubling down and reaping more profit from public companies it is engaging on environmental, social and governance issues.
Corporations have added $1 trillion in assets to their defined benefit pension plans in the last four years, only to see their average funded status remain essentially static and their aggregate unfunded level grow 15% to an estimated $441 billion, according to a J.P. Morgan Asset Management Inc. executive analyst.
The South Carolina Retirement System Investment Commission, Columbia, is in the process of restructuring its $6.7 billion strategic partnership network, shutting down its $3.9 billion portable alpha strategy, and deciding on a new asset allocation, according to information presented at a Feb. 28 meeting.
Artio Global Investors Inc.'s pending acquisition by Aberdeen Asset Management will be an inglorious end to a once high-flying money manager that made its name with strong international equity performance.
As company stock plays a declining role in defined contribution plans, executives at some corporations have taken more aggressive steps to reduce participants' risk of holding outsized amounts of employer stock in their retirement accounts.