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...Following the Financial Times story about Calpers and Exxon, the pension fund came under pressure from the California state treasurer, who is also a board member of the fund, to vote against Woods’ re-election...
...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....
...British retirement funds hold more than £1tn in assets on behalf of tens of millions of savers but they have come under fire from policymakers and City asset managers for allocating more cash to global equity...
...The Singapore Venture & Private Capital Association (SVCA) includes state funds GIC and Temasek, local and global venture firms, and buyout groups including General Atlantic, Warburg Pincus and KKR....
...The government is pushing ahead with a controversial proposal to expand the role of the UK’s pension lifeboat fund as it looks for ways to unlock billions of pounds of retirement fund capital to boost economic...
...Calstrs, which manages pensions for about 1mn teachers and educators, in 2021 joined a group of large asset owners in pledging to achieve net zero portfolio emissions by at least 2050....
...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...
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...Speaking at the TUC conference, union leaders said successive pension age rises would push retirement out of reach for the younger generation....
...But in the interim — unfortunately for pension funds, mutual funds, and retail investors — the market value of sovereign debt, at least for dicier credits, will probably plummet....
...More than half of BlackRock’s $10tn in assets under management are retirement savings, including institutional pension funds, corporate defined contribution plans known as 401(k)s and individual accounts...
...As a first step, the government will raise €12bn in debt this year and transfer it to the new fund, which will be managed by an independent public foundation....
...Many large pension funds currently have more money allocated to private equity than their targets, in part because a slowdown in deals and new listings mean that funds are not returning money as quickly...
...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...
...Anyone under age 45 will have to wait until they are at least 57 to start withdrawing their workplace or private pension, and won’t hit the state retirement age until they are 68....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...Then I’ll live off my DB pension and state pension. I’m lucky, I guess.” “I’ve not scrimped and saved,” he adds....
...A New York location might also be more convenient for some clients, which range from pension funds to family offices, he said....
...Currently, only those aged between 22 and the state pension age, 66, are eligible to be automatically enrolled into a workplace pension by their employer....
...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....
...BlackRock’s $76bn in net long-term flows for the first quarter of 2024 was its weakest result since early 2020 when the Covid-19 pandemic prompted massive withdrawals across the industry, and State Street...
...The world faces a looming “retirement crisis” that requires a rethink of pensions and working patterns as medical breakthroughs boost longevity, BlackRock chief executive Larry Fink has warned in his annual...
...New York State lawmakers should learn from this experience and slow down, invite discussion, and design a new, more carefully calibrated law....
...Leland Goss (“Flaws in New York State’s well-intended debt plan”, Letters, March 13) mischaracterises important aspects of the proposed New York State legislation....
...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”....
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