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...The writedown is also more than double the cut taken in percentage terms on Thames Water in 2022 by the utility’s biggest investor, the Ontario Municipal Employees Retirement System, one of Canada’s biggest...
...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...
...Calpers’ allocation for [public] equity will go to 37 per cent of the fund and fixed income will be reduced to 28 per cent....
...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...
...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...
...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....
...At the time, this was greater than the official estimate of the entire private sector pension system’s asset base. It was greater even than the stock of outstanding public debt....
...“Widespread defaults have not yet occurred,” said the $105bn Ohio Public Employees Retirement System in a board meeting agenda last month, “however, indications point towards trouble ahead”....
...Donald Mackenzie, one of CVC Capital Partners’ co-founders and most successful dealmakers, is stepping back from Europe’s largest buyout firm ahead of its long-awaited public listing....
...Meanwhile, offsetting changes to the benefit system have cushioned the impact of stagnating incomes and the surging cost of living for lower-income households....
...New York-based buyout group KKR says that billions of dollars in equity have been shared between more than 60,000 employees at its portfolio companies since 2011....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...The chancellor said he would modernise the rules by replacing the “non-dom” system, replacing the concept of domicile in tax with a residence-based system....
...Institutional investors that sided with the activist proposals include Norway’s sovereign wealth fund, the Canada Pension Plan Investment Board, California Public Employees’ Retirement System and the California...
...“British workers deserve to get the most out of their pensions, so we will make it easier for employees to keep track of their hard-earned savings,” said a Treasury insider....
...At only 3.4 per cent of salary, companies’ median contributions to the DC pensions of their employees, scarcely eclipse the legal minimum....
...Pension fund investors in Blackstone from New York, North Carolina and Denmark were publicly critical, as was the California Public Employees’ Retirement System (Calpers)....
...Despite the success of auto-enrolment of employees into retirement funds over the past decade, nearly a third of the UK workforce are not saving for a pension at all, and most people are not saving enough...
...Earlier this month, tens of thousands of employees at some of Britain’s biggest companies had their personal data compromised by a Russian-speaking criminal gang behind the MOVEit hack....
...The California Public Employees’ Retirement System has named Stephen Gilmore, the former chief investment officer of the NZ$73bn (US$43.5bn) New Zealand Superannuation Fund, as its chief investment officer...
...Its backers, known as limited partners, include university endowment funds such as Princeton, the University of Texas and the California Public Employees’ Retirement System and individuals including Mukesh...
...Pensions Hunt unveiled a shake-up of the pensions system aimed at giving workers greater control over where they build their retirement funds....
...But there were further measures this week, with sweeping reforms to the pension system to give savers more choice over where they build their retirement funds....
...The California Public Employees’ Retirement System (Calpers) announced on Friday that Nicole Musicco would depart on September 29. She is the second woman to be the pension’s CIO....
...In a board meeting last month, an executive at the $105bn Ohio Public Employees Retirement System said the generous return on private credit may shrink as competition intensifies....
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