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...Then I’d kick back with friends and contemplate the beauty of western civilisation. I’m in awe of Washington, this handsome city, the cultural capital of the USA....
...One day after April Fools’, the $495bn California Public Employees’ Retirement System has announced that another sucker has decided to subject themselves to what might be the worst job in the entire global...
...of return are not the same as distributions)....
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...The company said the introduction of a new IT system from Salesforce in 2021 meant that it was now able to monitor the service provided to clients, and that it expected the claims to be a “historic issue...
...Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer....
...Israel moves some of its troops from southern Gaza to prepare for an operation in the city of Rafah, Google is considering charging for AI-powered search, and European defence companies are worried about...
...Fears about the US retirement system have been swirling for years, as the working-age share of the US population falls and more retirees live into their 80s....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...could be mapped, Emma McClendon, an assistant professor of fashion studies at St John’s University, explains....
...Plus, the FT’s Alison Killing talks about Russia’s failed rebuilding of the Ukrainian city of Mariupol....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...The California Public Employees’ Retirement System has named a new chief investment officer to replace the former CIO, who in 2023 left the job after less than two years....
...Steven Meier, chief investment officer of the $264bn New York City Employees Retirement Systems, said his fund was expanding into private credit when “everyone else has pulled back”....
...His son, also named Boris, talked about his father last year in a long and interesting interview for the World Chess Hall of Fame in St Louis, focusing on Spassky’s later life where he emigrated to France...
...Paul’s Gyratory (City of London/Commonplace) — The sticky history of baklava (Smithsonian Magazine)...
...Among the newest arrivals are White Cube, whose Seoul space is located in the city’s smart Gangnam district south of the Han River....
...Now the BoE plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, as concerns mount about the risk posed by offshore arrangements to UK retirement savers...
...Staged inside the oldest courtyard of the Louvre, where a custom-made electrical orb hung from the ceiling, Ghesquière and some 2,000 Louis Vuitton employees — who had been invited to the show to celebrate...
...Anxious Children to the city’s Palazzetto Tito; and Francesca Amfitheatrof, artistic director of watches and jewellery at Louis Vuitton, has joined the legendary Casa Codognato as its new head of creative...
...That makes from six additions and six relegations total: the Norwich City of the FTSE 100. Or maybe it’s more accurate to say Norwich is the Tate & Lyle of the Premier League....
...The great photographer Irving Penn, taking his portrait, got him to relax by telling him to think of the Spanish mystic nun St Teresa de Ávila (Blahnik has all of her memoirs)....
...Moody’s is to leave its office in Canary Wharf in favour of new premises in the City, making it the latest high-profile financial tenant to abandon London’s Docklands for the Square Mile....
...Ailman’s comments come as he prepares to “pass the baton” to a successor from June after announcing his retirement last month....
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