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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....
...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 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...
...Last week, the Financial Times reported the UK was preparing to unveil a new investment vehicle overseen by the state intended to turbocharge pensions funds’ investments in high-growth private companies....
...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....
...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...
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...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....
...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...
...Fink also said BlackRock was seeing “accelerating momentum” because it was winning new business from “marquee” clients for its technology, retirement and portfolio management services....
...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”....
...Additional reporting by Antoine Gara in New York...
...His New York Times obituary descibes the rooms as ressembling “Hogarth paintings, Dickens stage sets and a three-dimensional Beatrix Potter drawing....
...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...
...“Mutual funds allowed more people to get into the market,” says financial historian Richard Sylla of New York University....
...The writer is a former investment banker in New York, former head of the Chilean wealth fund investment committee and co-author of “The Worth of Art — Financial Tools for the Art Markets” The Chilean pension...
...Lastly, the New York proposal will indeed harm the very countries it is intended to help: any arbitrary dictating to investors — these include pension funds and insurers — about the amount of writedown on...
...That figure is roughly one-tenth of 1 per cent of BlackRock $10tn in assets under management, and some Republican state pension funds still have well north of $20bn parked with the money manager....
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