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...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...These owners, which also include pension funds Omers of Canada and Britain’s USS universities scheme, are in a stand-off with regulator Ofwat over the amount of shareholder equity needed to support the water...
...Gilmore starts at the largest US public pension plan in July, ending a seven-month vacancy in the top position at the $494bn pension fund....
...investors, including sovereign wealth funds, pension funds and central banks....
...His retirement plans are now in disarray due to the uncertainty over his financial position....
...Heathrow’s other owners are Canadian pension fund CDPQ, Singapore sovereign wealth fund GIC, the UK’s Universities Superannuation Scheme, Qatar Investment Authority, the Australian Retirement Trust and China...
...“It has been an honour to lead and guide this massive global investment trust fund for the teachers of California,” said Ailman....
...PEPs allowed investments in authorised unit trusts and investment trusts if at least 75 per cent of the value of the investments held by the fund were invested in eligible UK companies....
...Thirty-six “master trusts”, the largest workplace DC pension schemes, held three-quarters of the DC pension sector’s £143bn total assets, or £105bn, as of June, according to The Pensions Regulator....
...Four public pension plans with more than $4bn allocated to China-focused private equity funds told the Financial Times they were ready to delay redemptions from investments nearing the end of 10-year lifespans...
...Yet when you look at flows, even half that amount would help reverse the estimated £14bn withdrawn from UK equity funds last year or boost the £9bn or so in annual flows by UK pension funds into UK equities...
...More than $10.4tn is in US defined contribution pension plans, and another $5.8tn is in individual retirement accounts, per the ICI....
...The pension fund announcement is of a similar ilk. UK pensions have lower allocations to domestic equities than pension funds in many other countries....
...Fundraising for private credit has become “less rushed” because of the “more challenging” market conditions, said a spokesperson for the $50bn Connecticut Retirement Plans and Trust Funds....
...However the plans would revert to their names at age 18....
...Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets by more than $30bn and reduce its allocation to stock markets and bonds in an effort to improve returns....
...The backlash comes as the Pension Protection Fund (PPF), which is designed to protect members of defined benefit pension plans if their sponsoring employer collapses, has proposed cutting the total amount...
...Fidelity’s Special Situations fund has targeted UK life insurers, seeing growth potential in the bulk annuities market as companies buy out defined benefit pension schemes....
...Currently set at 66, ministers have delayed plans to raise it until after next year’s general election....
...The Ontario Teachers’ Pension Plan has agreed to buy UK wealth manager Seven Investment Management, as one of Canada’s biggest investors bets on a sector that is rapidly consolidating....
...Take Calstrs, the $327bn US pension fund that is one of the world’s biggest backers of private equity....
...I estimate moving costs in line with the Canadian Pension Plan, Sweden’s AP4 Fund, or even the Universities Superannuation Scheme, the biggest private sector UK pension fund, would cut industry costs by...
...Wellcome Trust warns of private equity ‘shakeout’ Nick Moakes, chief investment officer of the £38bn Wellcome Trust, reckons that the private equity industry is facing a “shakeout” that could result in...
...Calpers From the Financial Times’ intrepid pensions guru, Josephine Cumbo, yesterday: Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets . . ....
...It often also suits investors such as pension funds to cling on to upbeat, but stale, valuations....
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