Hints and tips:
Related Special Reports
...The writedown is also more than double the cut taken in percentage terms on Thames Water in 2022 by the utility’s biggest investor, the Ontario Municipal Employees Retirement System, one of Canada’s biggest...
...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...
...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...
...the fund and notes from its board meeting....
...And remember, while higher rates helps private credit funds through higher payments from borrowers, those funds also carry debt of their own, to amplify returns....
...the top position at the fund tightly run by its founder Paul Singer....
...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....
...Starting about 40 years ago, they essentially transferred responsibility for funding retirement from employers to employees....
...Nor did it file in Delaware, where most of its entities are incorporated....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...That fairy tale ending disappeared for many Americans in the 1980s, when most new employees started to be shunted into a new retirement option....
...Last year, the firm committed to offering equity-sharing programmes to all employees in the takeover deals coming from its $19bn North American private equity fund and in all future funds in the region....
...Barings has raised billions of dollars for its private credit strategy from investors including Staffordshire County Council’s pension fund and a fund that invests the money of Ohio schoolteachers....
...Institutional investors that sided with the activist proposals include Norway’s sovereign wealth fund, the Canada Pension Plan Investment Board, California Public Employees’ Retirement System and the California...
...Some research suggests that superstar employees can have a positive impact, improving co-workers’ productivity....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...Pension fund investors in Blackstone from New York, North Carolina and Denmark were publicly critical, as was the California Public Employees’ Retirement System (Calpers)....
...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”....
...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....
...But thousands of former Debenhams employees subsequently suffered cuts to their expected retirement benefits under the Pension Protection Fund’s reduced compensation terms....
...It added that the transition board would help support affected employees and the local economy, and would be chaired by Welsh secretary David Davies....
...for public employees has a stake....
...The Living Wage Foundation, a charity, in March launched a new “living pension” standard to increase minimum employer contributions to 7 per cent from 3 per cent now, on top of the 5 per cent paid in by employees...
International Edition