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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....
...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....
...Recommended FT articles and tasks picked by our teacher advisers to help improve study, exam and interview success....
...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 . ....
...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....
...The plan is designed to alleviate pressure on a pension system that is expected to come under huge strain in the next few years as a whole generation of “baby-boomers” born in the 50s and 60s enters retirement...
...“It’s great they make money for our retirees — who are teachers and for other funds,” he said....
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...Fink’s letter raised issues more than it suggested concrete solutions, but he wrote that Japan had found ways to encourage people to stay in work longer and that Australia’s national retirement savings system...
...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....
...The number of teachers taking early retirement in England and Wales has jumped more than 40 per cent in a year, according to official data, pointing to a deepening workforce crisis across the school system...
...State Teachers Retirement System....
...If imperative, they should be addressed in the design of the tax system....
...TSMC is set to produce 2nm chips at an Arizona facility from 2028....
...She was a judge in the Arizona state court system before being selected by Reagan — who had vowed during his presidential campaign to place a woman on the Supreme Court — to fill a vacancy created by the...
...The present value of pension entitlements under current social insurance systems are in the same ballpark. Challenges facing aging societies are manifold....
...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...
...This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Read all our psychology class picks....
...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....
...I set out to be kind of a public teacher. And so I teach. I’m called a professor of practice now. And that means is the world is the classroom....
...According to Arizona's top water official, the state's junior shares of Colorado River water have much wider consequences for issues like food security, well beyond the state's borders....
...In a political system where money is of paramount importance, it is noteworthy that the Biden team has so far raised more than twice the amount available to Donald Trump....
...South Korean chipmaker SK Hynix has chosen the state of Indiana for a cutting-edge facility in the US that will give a major boost to the Biden administration’s efforts to bring more of the AI chip supply...
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