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...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...
...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....
...The pension fund announcement is of a similar ilk. UK pensions have lower allocations to domestic equities than pension funds in many other countries....
...The US Federal Trade Commission has voted to ban non-compete agreements, taking aim at contracts that limit employees’ freedom to quit for a new job at a different employer....
...Asset managers in Hong Kong will only have about a three-hour window between the close of the stock market in New York at 4pm Eastern Standard Time and the 7pm New York time cut-off for trade allocations...
...Four public pension plans with more than $4bn allocated to China-focused private equity funds told the Financial Times they were ready to delay redemptions from investments nearing the end of 10-year lifespans...
...PEPs allowed investments in authorised unit trusts and investment trusts if at least 75 per cent of the value of the investments held by the fund were invested in eligible UK companies....
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...Yet in the fourth quarter of 1974, fearful insurance companies, pension funds, investment trusts and unit trusts together sold more shares than they bought for the first and last time during the decade....
...More than $10.4tn is in US defined contribution pension plans, and another $5.8tn is in individual retirement accounts, per the ICI....
...Take Calstrs, the $327bn US pension fund that is one of the world’s biggest backers of private equity....
...The strategy allows Mexico to fund the company’s bond payments using cheaper sovereign debt....
...It scrapped the Wealth 50 best-buy list, replacing it with a new Wealth Shortlist, chosen by an independent panel. But the damage to client trust had been done....
...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...
...PFZW, Europe’s third-largest pension fund, this week sold €2.8bn in oil holdings and abandoned efforts to persuade oil and gas companies to produce “verifiable” transition plans to support the Paris climate...
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...Valuation gaps are most apparent in listed private equity trusts, which trade on stock exchanges and should trade close to the value of their assets....
...At present, when someone starts a job, their employer automatically enrols them into the company pension it has selected. This means a new pension pot is created each time they move jobs....
...The Church of England has been urged to target £1bn in funding for a new investment fund to address its involvement in the transatlantic slave trade after an earlier pledge was deemed insufficient....
...warns of private equity ‘shakeout’ Brics creator slams ‘ridiculous’ idea for common currency Canadian pension giant warns against UK plan to push schemes into private equity Richard Buxton says UK equity...
...‘Khanservative’ Lina Khan, the chair of the Federal Trade Commission, has a new group of unlikely supporters, The Wall Street Journal writes....
...Many of NBIM’s counterparts, including Middle Eastern and Chinese sovereign wealth funds, as well as large North American pension plans, have invested heavily in the asset class for decades....
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...“Without them it’s going to be more expensive for the government to issue paper, and more expensive for pension funds to trade. There is a reason this ecosystem exists.”...
...and sovereign wealth funds....
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