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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....
...according to people familiar with the plans....
...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 rise of defined contribution pension plans combined with the growing strain on the social security government retirement programme had left the US particularly unprepared for a huge increase in the retiree...
...Luxury resort operators Aman Resorts and Four Seasons have also announced plans to launch their own cruise ships....
...The plan is designed to alleviate pressure on a pension system that is expected to come under huge strain in the next few years as a whole generation of “baby-boomers” born in the 50s and 60s enters retirement...
...US public pension plans that manage hundreds of billions of dollars of assets are increasingly turning to risky leverage strategies as burgeoning private market holdings create cash flow strains....
...Calpers From the Financial Times’ intrepid pensions guru, Josephine Cumbo, yesterday: Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets . . ....
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...” said James Elbaor, the head of Marlton LLC, a Chicago-based hedge fund that is a Pershing Square Holdings shareholder....
...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...
...Some of the UK’s biggest pension plans are taking advantage of steep price discounts to snap up real estate and other private assets, as fellow retirement funds put their harder-to-sell holdings on to the...
...Panasonic clings to No 4 ranking Japanese electronic conglomerate Panasonic Holdings, once the world’s largest producer of electric vehicle batteries, plans to invest around $4bn in a new plant in the US...
...The Pennsylvania-based group, best known for its low-cost index funds and retirement plan offerings, also said it had elevated chief investment officer Greg Davis to an expanded role as president, effective...
...The chancellor believes a bigger allocation to private market assets by retirement funds, alongside other pension reforms, could boost retirement income for average earners by £1,000 a year....
...Now the BoE plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, as concerns mount about the risk posed by offshore arrangements to UK retirement savers...
...His investment vehicle was ultimately paid $578mn for part of its equity holdings in WeWork....
...How did you think about that when you started out on your non-retirement plan? Michael SkapinkerIt was a big issue for me....
...More than $10.4tn is in US defined contribution pension plans, and another $5.8tn is in individual retirement accounts, per the ICI....
...“However, we have given our backing to Thames Water’s latest business plan,” it said....
...He plans to withdraw from the bidding process, according to a person familiar with the situation....
...The head of one of the world’s biggest pension funds has said UK retirement plans should not be told where to invest their money, as the government sets out plans to funnel more cash into unlisted assets...
...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 tech sector’s habit of making large equity investments of their own means there is also information to glean about company plans....
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