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...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...
...To be confident their pension money will last through retirement, a saver has conventionally been told to limit withdrawals to 3-4 per cent of the value of the fund each year....
...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...The announcement comes after nearly 100 Canadian executives signed an open letter in March urging pension funds to raise their domestic investments....
...The letter said domestic companies make up 4 per cent of Canadian pension funds’ assets, down from 28 per cent at the end of 2000....
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...Hedge funds are pouncing on the UK’s £200bn investment trust sector as it is shunned by investors and hit by competition from cheaper rivals....
...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 government said it would consider taking further action against pension funds that did not raise their allocations to the UK....
...At the same event, the Pensions and Lifetime Savings Association, which represents the UK’s £1tn pensions sector, said the government should not tell pension funds how to invest....
...In a statement on Tuesday, the $494bn pension fund said Stephen Gilmore, the former chief investment officer of the NZ$73bn (US$43.5bn) New Zealand Superannuation Fund, would become its new CIO in July,...
...Chancellor Jeremy Hunt has not ruled out further action to stimulate more investment by pension funds in the UK....
...Pension funds are the answer to the UK’s economic stagnation — so say ministers, policy experts and just about everyone else....
...The City of London Corporation, which has collaborated with the government to channel long-term capital from pension funds into UK companies, said the chancellor’s new pension measures would “turn the dial...
...Older investors also gained exposure to technology through the Liontrust Global Technology fund and Polar Capital Technology Trust....
...The damage was particularly acute in LDI pooled funds, which are managed for mainly smaller pension funds....
...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...
...The finance ministry forecasts the size of the fund to reach €200bn by the mid-2030s and returns on investments will enable distributions of €10bn a year to the statutory pension fund from 2036....
...Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time....
...“This has brought to light that they’re investing in a share price which can be quite volatile, and 4 to 5 per cent returns for gilts and money market funds has compounded that sentiment,” said Hardy....
...trusts, versus obtaining equivalent exposure within a unit trust or an exchange traded fund....
...The extent of losses to pension funds in 2022, which equated to a near quarter drop in asset value over the year, was disclosed in a long-awaited report by the Pensions Regulator this week....
...But earning the trust of the market will require sustainable earnings growth. Just Group will need to work hard to find sufficient investment returns to match the ample supply of bulk deals on offer....
...Proposals set out in a consultation document would have the government introduce a measure that would allow pension funds to override any scheme rules preventing or inhibiting access to surplus....
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