Hints and tips:
...Macquarie’s income, as the manager of the funds invested in various assets, comes from management and performance fees tied to the fund’s returns....
...“This is emerging as we speak,” says Kirsty Jenkinson, head of sustainable investment and stewardship strategies at Calstrs, the Californian teachers’ pension fund....
...“You can’t rank it in same way as New York and London, but below that Chicago is one of the great global cities and has been there for quite a long time,” says Ivo Daalder, president of the Chicago Council...
...The new leader of Birmingham city council wants to create a “West Midlands sovereign wealth fund” that will invest the region’s public sector pension funds in new homes and infrastructure....
...“It depends on how much councils give it and they don’t have much money.” The Humber LEP has successfully bid for central funds — including £20m from the regional growth fund....
...An art collector, he also chairs the board of trustees at the prestigious Art Institute of Chicago....
...One St Peter’s Square is among many of the commercial properties that Manchester’s public pension funds have invested in. The council owns The Sharp Project’s building....
...The Fed presidents, including Bill Dudley of the New York Fed, Richard Fisher of Dallas and Charles Evans of Chicago, say they favour a floating NAV over gates....
...Members of the city council, dominated by Democrats, did not attend the forum....
...In the long term, business groups see the potential for councils around the country to follow suit and create regional pension funds, following the lead of the Greater Manchester Pension Fund, which acts...
...A recent series of letters in the FT on the Local Government Pension Scheme (LGPS) brings to the fore an issue the pensions industry has repeatedly tried to ignore: the scaling up of pension funds....
...some of the newest, such as South Korea’s National Pension Scheme....
...Among Mercer’s big charity clients, he says he is often “more challenged by charity investment committees than by pension fund trustees”, on strategies....
...Berlusconi also leant on regional allies to take a share of the waste. But today Naples is left with the impression of a conjuror’s trick....
...the pension deficit....
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