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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....
...Online fast-fashion group Shein has more than doubled its profits as it awaits regulatory approval from Beijing to go ahead with its blockbuster listing in New York or London....
...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...
...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...
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...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...The target allocations for public equity and fixed income will decrease under the new policy....
...Fink’s new focus on retirement came alongside an effort to stake out a middle ground in the political wars over sustainable investing, an approach he called “energy pragmatism”....
...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...
...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”....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...Eric Adams, the New York City mayor and a former transit police captain, has made restoring public safety the centrepiece of his first term....
...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...
...New York-based KKR says that billions of dollars in equity have been shared between more than 60,000 employees at its portfolio companies since 2011....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...Volkswagen has previously said that it did not think that its Chattanooga employees needed a union because their pay, which ranges between $24.50 and $32.40 per hour, was already above average for the city...
...Additional reporting by Antoine Gara in New York...
...Plans for infrastructure In New York, the pandemic has stirred all sorts of talk about the city’s demise, led by an ever-worsening deterioration of the nation’s largest transit system....
...In 2022, following Russia’s full-scale invasion of Ukraine, there were several impromptu concerts in New York City of music by Ukraine’s leading contemporary composer Valentin Silvestrov, then exiled to...
...Pension fund investors in Blackstone from New York, North Carolina and Denmark were publicly critical, as was the California Public Employees’ Retirement System (Calpers)....
...Steven Meier, chief investment officer for the $250bn New York City Retirement System, said rising interest rates “changes the dynamic in terms of what you need to invest in — you really don’t need to have...
...ESG Shareholder proposals Citigroup agrees to disclose green financing ratio Despite the backlash to environmental and social shareholder proposals, the New York City comptroller Brad Lander — who oversees...
...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...
...Meanwhile, offsetting changes to the benefit system have cushioned the impact of stagnating incomes and the surging cost of living for lower-income households....
...At present, employers are obliged to automatically enrol eligible new staff into a retirement scheme, chosen by the company....
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