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...Following the Financial Times story about Calpers and Exxon, the pension fund came under pressure from the California state treasurer, who is also a board member of the fund, to vote against Woods’ re-election...
...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...
...It is partnering with CPP Investments, a Canadian pension fund with $590bn in assets that has vast infrastructure and real assets holdings....
...Last week, the Financial Times reported the UK was preparing to unveil a new investment vehicle overseen by the state intended to turbocharge pensions funds’ investments in high-growth private companies....
...A New York location might also be more convenient for some clients, which range from pension funds to family offices, he said....
...In 2017, investors including TowerBrook sold Hayfin to British Columbia Investment Management Corporation, a Canadian pension plan....
...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....
...The Connecticut-based firm, founded by Dalio, will be 50 years old next year and has for years dominated the sector as both the largest and best-performing hedge fund in the world....
...Then I’ll live off my DB pension and state pension. I’m lucky, I guess.” “I’ve not scrimped and saved,” he adds....
...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....
...The giant California public pension plan has now said it will not release its 2023 carbon emission data until 2025....
...into pension schemes, he said....
...But in the interim — unfortunately for pension funds, mutual funds, and retail investors — the market value of sovereign debt, at least for dicier credits, will probably plummet....
...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....
...Pension funds are now taking a more cautious approach to private credit....
...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....
...NBFIs – like mutual funds, pensions and insurance firms – can die without summoning the end of days. Or so one view goes....
...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....
...Some readers argue that if you believe the state pension will continue to be index-linked a level annuity will be fine alongside it....
...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....
...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...
...These include creating a state-owned asset manager, or divesting part of the workers’ contributions to a common “solidarity” fund....
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