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...Of course, this is not the open prairie — Fort Worth is a city with gleaming high-rise towers downtown, a 112-year old symphony orchestra and world-class museums....
...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....
...In its announcement of the change, Calpers said that Private equity will increase from a target of 13 per cent of the fund to 17 per cent while private debt will increase from 5 per cent to 8 per cent ....
...At least eight very large US public pension funds are using borrowed cash or other leverage strategies, now that the board of Calstrs, one of the largest US retirement funds, this month voted to allow the...
...The legislation will see the creation of a fund for investing in stocks, backed by loans taken out by the federal government, that is forecast to be worth at least €200bn by the mid-2030s....
...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....
...the wrapper of retirement accounts....
...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...
...Related: Bond fund giant Pimco told the FT it was holding a smaller than usual position in US Treasuries and preferred the bonds of countries such as the UK and Canada. 2....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...He added that fees “were high” and “needed to be lower”, but said that the net return was “still worth it” and that the fund was taking steps to reduce these costs....
...To be confident their pension money will last through retirement, a saver has conventionally been told to limit withdrawals to 3-4 per cent of the value of the fund each year....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...On the plus side for employees, each participant gets a personal account and can opt for a lump sum at retirement instead of a regular payment....
...Almost all other government employees don’t. As such, the Treasury’s largest cohort of creditors include nurses, teachers, civil servants and soldiers....
...Residents and their employers are compelled to contribute a significant portion of their salaries to the Central Provident Fund, from which they can draw money to pay for healthcare, housing and retirement...
...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”....
...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....
...The rising costs of retirement were underlined last week in revised estimates for the minimum annual income required for a “comfortable” or “moderate” retirement by the Pensions and Lifetime Savings Association...
...The leader of the UK’s biggest private sector pension scheme has urged the government to refrain from excessive intervention in how retirement funds are managed....
...The end-product is Abrdn, which has dropped vowels and funds under management since selling up to Standard Life for £3.8bn in 2017. The combined group is today worth less than that price....
...But the evidence is that “drawdowners” are not foolishly raiding their pension funds....
...Concerns over sexism in the City of London were highlighted last year when the Financial Times reported multiple allegations by women of sexual assault and harassment by hedge fund manager Crispin Odey....
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