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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....
...System for Leaders of State-owned Enterprises”, which said bonuses would be deferred....
...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...
...of return are not the same as distributions)....
...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...
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...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...
...Now the BoE plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, as concerns mount about the risk posed by offshore arrangements to UK retirement savers...
...The BlackRock chief also warned that the rise of defined contribution pension plans had combined with the growing strain on the social security government retirement programme to leave the US particularly...
...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....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...US airline takeovers are hard to pull off at the best of times. Differences in worker contracts, IT systems and corporate cultures make integrations difficult....
...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....
...Ailman’s comments come as he prepares to “pass the baton” to a successor from June after announcing his retirement last month....
...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....
...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...
...Meanwhile, offsetting changes to the benefit system have cushioned the impact of stagnating incomes and the surging cost of living for lower-income households....
...The ECB puts housing wealth at around 350 per cent of GDP. The present value of pension entitlements under current social insurance systems are in the same ballpark....
...State Teachers Retirement System....
...Joe Biden said on Tuesday that he would travel to Hawaii, as the US president sought to quell mounting criticism of his response to deadly wildfires that have ravaged the state over the past week....
...Aegon has previously calculated that the reforms would mean millions of employees across the UK would see an extra £499 put into their pension each year....
...Midnight Blizzard, the Russian state-sponsored group also known as Nobelium, gained access to a “very small percentage” of Microsoft employee email accounts in November, including some of its senior leaders...
...At the time, this was greater than the official estimate of the entire private sector pension system’s asset base. It was greater even than the stock of outstanding public debt....
...The lower house of Chile’s Congress has provisionally approved a reform of its private pension system presented by leftist President Gabriel Boric, in a rare breakthrough for the country’s polarised politics...
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