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...But thousands of former Debenhams employees subsequently suffered cuts to their expected retirement benefits under the Pension Protection Fund’s reduced compensation terms....
...public-sector pension funds....
...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...
...across cultures and geographies, as the pension fund’s chief investment officer....
...The average top 200 US corporate pension fund now has 105 per cent of the assets needed to fund its benefits, the highest ratio in 15 years, according to BlackRock, which has urged its corporate pension...
...Concord, which is controlled by investor Alchemy Copyrights and is ultimately majority owned by US pension fund Michigan Retirement, has been an acquirer of music rights and companies....
...As a signal of the required change in approach, it recommended that TPR’s objective to safeguard the Pension Protection Fund, the industry lifeboat, be replaced with a new objective to protect future, as...
...The Sacramento-based pension fund on Tuesday said it picked Stephen Gilmore, a former chief investment officer of the New Zealand Superannuation Fund, as the new CIO of the largest US public pension fund...
...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....
...Starting about 40 years ago, they essentially transferred responsibility for funding retirement from employers to employees....
...the fund and notes from its board meeting....
...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...
...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 . . ....
...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...
...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....
...“This will harm investors, including pensions, foundations, and endowments....
...This can be contrasted with the private sector when most schemes for failed companies enter the Pension Protection Fund with lower benefits....
...Australian employers have been required since 1993 to save into super funds on behalf of employees, resulting in much bigger asset pools....
...Pension funds are now taking a more cautious approach to private credit....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...Take Calstrs, the $327bn US pension fund that is one of the world’s biggest backers of private equity....
...The issue is that prominent members of the movement against environmental, social and governance investment principles successfully argue that institutional investors, like pension funds, risk breaching...
...Detroit’s city government went to court in 2013 to restructure its $18bn in debt, pension promises and other financial obligations....
...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....
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