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U.K. chancellor maps out consolidation of local pension plans to help aid infrastructure
trueThe U.K. government plans to merge the 89 local government pension funds across England and Wales into six so-called British wealth funds, with an aim of both reducing costs and increasing investment in British infrastructure.
New York State Common earmarks $1.3 billion for 10 funds
trueNew York State Common Retirement Fund made 10 new commitments totaling about $1.3 billion.
New York City Retirement looking for infrastructure, real estate investment officers
trueNew York City comptroller’s office is seeking three investment professionals for its bureau of asset management, the unit that assists the five city pension funds in selecting investment managers and consultants and analyzing performance.
Quebec's Caisse enters into infrastructure joint venture with Mexican pension funds
trueCaisse de Depot et Placement du Quebec, Montreal, and a group of Mexican institutional investors created a co-investment platform that will invest up to C$2.8 billion ($2.12 billion) in Mexican infrastructure projects.
Michigan Retirement Systems makes $1.5 billion in commitments
trueMichigan Department of Treasury, Bureau of Investments, committed a total of $1.5 billion to 15 private funds on behalf of the $67.1 billion State of Michigan Retirement Systems.
Institutional investors, managers team up for infrastructure sustainability benchmark
trueA group of institutional investors has partnered to launch a global sustainability benchmark for infrastructure assets, called GRESB Infrastructure.
Infrastructure consortium looks to spark interest
trueNow that an infrastructure alliance created between the $191.3 billion California State Teachers' Retirement System, West Sacramento, and Dutch money manager APG Asset Management NV has completed its first investment — an electricity transmission cable under the Long Island Sound — its manager is ...
CalSTRS considering allocations that will dampen risk
trueMembers of the California State Teachers' Retirement System investment committee will begin reviewing proposals later this fall that attempt to put the brakes on risk, a shift they hope will stabilize assets in the event of another major market meltdown.
Arizona Public Safety allocates $371 million, names new retirement administrator
trueArizona Public Safety Personnel Retirement System made five new commitments and investments totaling up to $371 million.
Major deals hinting at rise of infrastructure in U.S.
trueInvestment professionals believe infrastructure deals in the U.S. could finally be gaining ground after years of fits and starts, pushed along by stressed and distressed infrastructure assets coming to market.
San Diego City combines private equity, infrastructure allocations with 10% return target
trueSan Diego City Employees’ Retirement System is revising its investment policy statement to treat private equity and infrastructure as a single asset class with a target allocation of 13%, an action summary for the $6.9 billion pension fund administrative board shows.
New Mexico Educational board sets $50 million for infrastructure
trueNew Mexico Educational Retirement Board, Santa Fe, committed $50 million to Stonepeak Infrastructure Fund II, managed by Stonepeak Infrastructure Partners.
U.K.'s Pensions Infrastructure Platform signs investment director
trueEd Wilson joined the Pensions Infrastructure Platform as investment director.
Milwaukee County Retirement System considers lowering bonds, raising equities
trueMilwaukee County Employees’ Retirement System, Milwaukee, is conducting an asset allocation study that is considering reducing fixed income, while increasing equities and real estate.
British Columbia Investment Management return surpasses benchmark for year
trueBritish Columbia Investment Management Corp., Victoria, returned 14.2% on its investments net of costs for the year ended March 31, beating the 12.6% custom benchmark, it announced in a statement Thursday.