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...Additional reporting by Antoine Gara in New York...
...options for the business, including a potential sale, as it seeks to expand following a rebound in the travel sector post-pandemic.Netherlands-based CitizenM’s owners including its largest shareholder Dutch pension...
...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 announcement comes after nearly 100 Canadian executives signed an open letter in March urging pension funds to raise their domestic investments....
...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,...
...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...
...Colgate, a small liberal arts institution, is located about five hours away from New York City in upstate New York. Before telling the story, I should offer some context....
...BlackRock’s LifePath Paycheck, which rolls out in April, also combines target date funds with annuities, but the guaranteed payments can start sooner, allowing participants to keep the rest of their pension...
...It is no surprise that those who contribute the bulk of pension savings in the US — the trade unions — are fully behind this New York State bill....
...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 $13.3bn in withdrawals includes last week’s announcement by the Texas Permanent School Fund that it would pull $8.5bn at the end of April, the largest removal to date by Republican-run pension funds....
...That, in turn, will allow them to return cash to large pension funds that are at present overexposed to unlisted investments and retrenching from making new private market bets....
...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...
...Records show that just five Chinese companies with US-backed private equity investment have gone public in New York since the beginning of 2022. The figure was 18 in 2021....
...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...
...Fink said big pension funds that have large allocations to private equity have been particularly reluctant to invest because those funds have been slow to return money to investors amid a slowdown in takeovers...
...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”....
...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
...“This won’t be the last of these stories,” said Adelaide Polsinelli, a longtime New York City broker and vice-chair at Compass....
...Ailman’s departure means two of the biggest pension plans in the US are searching for new investment chiefs....
...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...
...Nats — a public-private partnership owned by a group of airlines, including British Airways and easyJet, pension funds and the UK government — said engineers had been on site throughout the disruption, but...
...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...
...pension deals....
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