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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....
...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...
...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...
...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...
...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....
...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....
...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....
...Five unmissable stories this week JPMorgan Asset Management and State Street Global Advisors are quitting Climate Action 100+, an investor group set up to prod companies over global warming, and BlackRock...
...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....
...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....
...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....
...Ailman’s comments come as he prepares to “pass the baton” to a successor from June after announcing his retirement last month....
...These include creating a state-owned asset manager, or divesting part of the workers’ contributions to a common “solidarity” fund....
...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...
...State Teachers Retirement System....
...The household sector in the developed world saved for precautionary reasons and for retirement....
...Second, the social security system is configured in a manner bound to drive up government liabilities....
...The state pension is not a contributory system....
...She helped form the 5-4 majority that stopped a Florida recount, attracting charges that, as a life-long Republican and former member of the Arizona state legislature, she acted out of partisan interests...
...The Labour party will conduct a sweeping review of the UK’s pension system to find ways of unlocking billions of pounds worth of retirement fund capital for the country’s growth if it wins the next general...
...“We . . . recognise the government has chosen a wide-ranging power in this area to ‘futureproof’ its ability to detect fraud and error in the system,” he said in the letter....
...Meanwhile, offsetting changes to the benefit system have cushioned the impact of stagnating incomes and the surging cost of living for lower-income households....
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