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...Led by pension funds and endowments, big investors sold 99 per cent of their private equity holdings at or below their net asset value on the secondary market last year, according to Jefferies, the most...
...public-sector pension funds....
...The finance ministry forecasts the size of the fund to reach €200bn by the mid-2030s and returns on investments will enable distributions of €10bn a year to the statutory pension fund from 2036....
...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....
...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 damage was particularly acute in LDI pooled funds, which are managed for mainly smaller pension funds....
...The $38tn US retirement system is one of the world’s largest, and US employers were among the first to shift from defined benefit pensions to defined contribution plans....
...“Pension funds use leverage to manage cash flow and manage portfolios more efficiently,” said James Lewis, chief investment officer at the UK arm of Mercer, which advises pension funds....
...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....
...She said that “focusing the pension system on value rather than cost alone will be hugely beneficial for savers.”...
...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...
...PensionBee, a pension consolidator, was one of the few pension providers to express public support for a system shake-up....
...At present the system consists of five investment options, known as funds A, B, C, D and E. Fund A is the riskiest, while Fund E is the most conservative....
...Under a horribly complex system, when the allowance fell, people could take out lifetime allowance protections that safeguarded their pension savings from penalty taxes....
...The pension system, in which workers pay into individual accounts managed exclusively by private investment funds, forms the backbone of capital markets that have helped the country become one of Latin America...
...a wave of selling by some pension fund strategies forced a Bank of England intervention....
...Chile’s pension system, in which workers’ pay into individual accounts managed exclusively by private investment funds, forms the backbone of thriving capital markets, but it has been criticised for the...
...Should pension funds, asset managers and banks also look to shore up the long-term stability of the systems they are part of, by pushing investee companies to transition away from fossil fuels?...
...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...
...the fund and notes from its board meeting....
...The Pension Protection Fund’s Purple Book — the UK’s almanack of private sector defined benefit pensions — dropped on Wednesday....
...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...
...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...
...These funds did not appear at all in the previous tax year, when Legal and General Group, Aviva, Rio Tinto, Jupiter Asian Income — which focuses on high-yield Asian companies — and BAE Systems made up the...
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