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...Led by pension funds and endowments, big investors sold 99 per cent of their private equity holdings at or below their net asset value on the secondary market last year, according to Jefferies, the most...
...The government is pushing ahead with a controversial proposal to expand the role of the UK’s pension lifeboat fund as it looks for ways to unlock billions of pounds of retirement fund capital to boost economic...
...Its investors include state pension schemes in California, Texas, Florida and Iowa as well as investment funds in Canada, Australia and across Europe....
...The UK government is set to soon unveil plans for a new investment vehicle overseen by the state that is intended to turbocharge pensions funds’ investments in high-growth private companies....
...The giant California public pension plan has now said it will not release its 2023 carbon emission data until 2025....
...BlackRock’s LifePath Paycheck, which rolls out in April, also combines target date funds with annuities, but the guaranteed payments can start sooner, allowing participants to keep the rest of their pension...
...Anyone under age 45 will have to wait until they are at least 57 to start withdrawing their workplace or private pension, and won’t hit the state retirement age until they are 68....
...Already the federal government has to subsidise Germany’s statutory pension fund to the tune of €110bn a year — almost a quarter of the entire state budget....
...California’s Calpers as well as state funds in Wisconsin and Texas are among the large funds already using leverage as part of their strategies....
...Unless you opt out of this strategy, most pension providers will start to de-risk savers’ investment portfolios six to 10 years before their intended retirement date (typically the state pension age, though...
...That figure is roughly one-tenth of 1 per cent of BlackRock $10tn in assets under management, and some Republican state pension funds still have well north of $20bn parked with the money manager....
...Gilmore starts at the largest US public pension plan in July, ending a seven-month vacancy in the top position at the $494bn pension fund....
...The pension funds and insurers the author mentions tend to be on the receiving, not the profiting, end of such free riding, so protections against free riding will benefit them too....
...Ailman, who has served as CIO of the California State Teachers’ Retirement System since 2000, announced his retirement at a board investment committee meeting on Thursday....
...Some readers argue that if you believe the state pension will continue to be index-linked a level annuity will be fine alongside it....
...Private equity executives need to “share the wealth” they create with workers at the companies they buy, according to the investment head of Calstrs, the giant US pension fund that is one of the world’s...
...News round-up Apollo, Carlyle and KKR weigh bids for Pension Insurance Corporation (FT) US fund Corvex urges Entain to turn around ‘unacceptable’ performance (FT) Campari buys Courvoisier Cognac from...
...These include creating a state-owned asset manager, or divesting part of the workers’ contributions to a common “solidarity” fund....
...Crucially, under their plan, Chileans will still be able to choose private funds to invest their pensions in, though a state-run investing alternative will also be created....
...The funds have been awarded by the British Business Bank, a state-owned lender.The money is part of the government’s ambition to encourage pension schemes to invest more in unlisted UK companies....
...State Teachers Retirement System....
...Mark Swindell, chief executive of rosco Rock Rail, said the industry had brought billions of pounds of pension fund and other institutional investors’ money into the railway industry....
...Glenn Hegar, the state’s Republican comptroller, went further in late 2022 when he named 10 firms and more than 300 funds targeted for divestment by Texas pension funds and other state endowments such as...
...Both parties hope to attract big pools of institutional capital, particularly pension fund assets. Pension assets in the UK total £2.5tn....
...One thing to start: Rishi Sunak, UK prime minister, is considering introducing new powers to allow ministers to prevent a foreign state from owning a British news organisation....
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