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...The next state trial is scheduled to take place in St Louis, Missouri, in the autumn....
...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....
...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...
Past performance does not guarantee . . .
...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...
...Missouri, a Midwestern state, lacks a right-to-work law but union organisers are facing other forms of resistance....
...Some private equity managers have taken steps to ensure that employees at companies they own can share in the profits, if the firm performs well....
...Fink’s letter raised issues more than it suggested concrete solutions, but he wrote that Japan had found ways to encourage people to stay in work longer and that Australia’s national retirement savings system...
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...UAW president Shawn Fain has said that he plans to organise more than two dozen additional auto plants across the southern US, including a Toyota plant in Missouri and a Nissan one in Mississippi....
...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....
...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”....
...The present value of pension entitlements under current social insurance systems are in the same ballpark. Challenges facing aging societies are manifold....
...Meanwhile, offsetting changes to the benefit system have cushioned the impact of stagnating incomes and the surging cost of living for lower-income households....
...State Teachers Retirement System....
...Microsoft said on Friday that email accounts belonging to members of its senior leaders were infiltrated by a notorious Russian hacking group that had access to the systems for weeks before being identified...
...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....
...Instead, she studied accounting at Southwest Missouri State University, getting her MBA at Lindenwood University....
...If imperative, they should be addressed in the design of the tax system....
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