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...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....
...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...
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...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...
...As television cameras and cheering crowds looked on, a tough-talking Trump vowed to “straighten New York out”....
...The growing reliance on illiquid assets has also introduced new challenges in terms of cash flow for defined benefit style funds, such as Calstrs and others public retirement systems, which must pay regular...
...SACRAMENTO, Calif. — The California Public Employees’ Retirement System has selected Stephen Gilmore, a senior investment leader with extensive experience in public and private financial institutions and...
...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...
...Weinstein was first convicted in New York in February 2020 and sentenced to 23 years in prison....
...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....
...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....
...Here’s a chart showing unfunded entitlements as percent of local GDP for EU and EFTA countries at the end of 2021, together with the value of asset-backed pensions: The sizes of these definitely-not-debt-but-maybe-sort-of-liabilities...
...However, the other factor is Albany, the chilly New York state capital. Yes, really....
...New York will take the extraordinary step of deploying National Guard troops to patrol its subway system, following a spate of violent attacks that have unnerved riders and sparked fresh claims from Republicans...
...His New York Times obituary descibes the rooms as ressembling “Hogarth paintings, Dickens stage sets and a three-dimensional Beatrix Potter drawing....
...Fink described the mismatch between what Americans were saving and what they would need for retirement as “a problem so big and urgent that government and corporate leaders [need to] stop business as usual...
...Le Dû had originally moved to New York to be a punk rocker in the 1980s, but he soon fell into the wine world of New York City and trained to be a sommelier....
...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”....
...Under the local bankruptcy rules of the Southern District of New York, cases are supposed to be assigned to the White Plains division if the debtor’s address — excluding post office boxes — on the bankruptcy...
...“This won’t be the last of these stories,” said Adelaide Polsinelli, a longtime New York City broker and vice-chair at Compass....
...York legal system....
...Pension fund investors in Blackstone from New York, North Carolina and Denmark were publicly critical, as was the California Public Employees’ Retirement System (Calpers)....
...But recruiting dues-paying members from new sectors is costly and often takes years....
...Patricio Navia, a political scientist and professor at New York University, said outright rejection of the pension bill, which would have prohibited the government from introducing legislation on the topic...
...State Teachers Retirement System....
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