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...One example is the $137bn New York State Teachers’ Retirement System, which sold 34 private equity holdings with $3.5bn in total commitments on the secondary market at the end of last year....
...Ministers have set out plans to tap more than £16bn of cash in local authority pension funds by setting an ambition for these retirement schemes to invest up to 5 per cent of their portfolios in projects...
...Calstrs, formally the California State Teachers’ Retirement System, has for six years in a row put more money into private equity than it has received back, according to filings....
...Last week, Christopher Ailman, outgoing chief investment officer at Calstrs, warned that while “it’s great [private equity funds] make money for our retirees — who are teachers — and for other funds . ....
...“It has been an honour to lead and guide this massive global investment trust fund for the teachers of California,” said Ailman....
...These are risks that every private pension scheme and sovereign wealth fund faces today. But for these risks, such funds have been rewarded over long-term horizons....
...State Teachers Retirement System....
...“It’s great they make money for our retirees — who are teachers and for other funds,” he said....
...Ailman, who has served as CIO at the $318bn California State Retirement System since 2000, shared his retirement plans at a fund board meeting on Thursday morning....
...OTPP, which has almost C$250bn ($180bn) in assets, manages the pensions of 336,000 teachers in Canada’s most populous province....
...But Chris Ailman, the departing chief investment officer of the $327bn California State Teachers Retirement System, believes higher rates are attractive for investors in private credit, because of the higher...
...The heads of 80 so-called “post-92” universities and colleges that are part of the Teachers’ Pension Scheme (TPS), covering teachers in England and Wales, hit out at the government’s incoming state pension...
...Of those pension assets, 98 per cent are held in “Target Return Funds” — hedge funds — rather than long dated index-linked bonds to match pension payments....
...The California State Teachers’ Retirement System and California Public Employees’ Retirement System — two of the largest US public sector pension funds — said last month their private equity portfolios delivered...
...Canada’s $190bn Ontario Teachers’ Pension Plan and $300bn CDPQ lost their investments in crypto exchange FTX and lender Celsius, respectively....
...AIMCo, which manages $120bn on behalf of Alberta’s wealth fund and pension funds, told the Financial Times it planned to increase its London headcount from 30 to 80 over the next few years and invest “billions...
...Harris has worked as an investment manager for 43 years and was previously the chief investment officer of the Texas Teacher Retirement System, a pension fund....
...Singapore’s sovereign wealth fund GIC has slowed the pace of its direct investments in China, while Ontario Teachers’ Pension Plan said in January that it had paused future direct investments in the country...
...sought to match income and assets with future retirement promises....
...California State Teachers’ Retirement System announced that chief investment officer Christopher Ailman would retire on June 30 after more than two decades in the role....
...The $306bn California State Teachers’ Retirement System (Calstrs) has ploughed an increasing share of its assets into real estate in recent years in a bid to diversify away from stocks and bonds, and benefit...
...Unlocking pension funds | The government is considering options to make it easier for private sector employers to access tens of billions of pounds of surplus funds that have built up in their pension schemes...
...For those with a DC pension who have retired, or nearing retirement, higher bond interest rates are very good, because they have reduced the cost of buying an annuity — a guaranteed pension for life, which...
...They may also be offered a pension with a local government retirement scheme....
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