Defined benefit plans
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Corzine, ex-MF Global officials to settle investor lawsuit
trueJon S. Corzine, the former CEO of MF Global Holdings Ltd., and former directors and officers agreed to pay $64.5 million to settle an investor lawsuit in the latest unwinding of litigation against the failed brokerage.
Discount rate rises for fifth straight month, boosting corporate pension funding ratios — 2 reports
trueThe funded status of corporate defined benefit plans rose in June because of falling liabilities, said reports from BNY Mellon and Aon Hewitt.
Philadelphia Board of Pensions to redeem 2 credit-focused hedge funds
truePhiladelphia Board of Pensions and Retirement is seeking to redeem investments in two credit-focused hedge funds.
Texas Teachers allocates $1.28 billion to 7 managers
trueTexas Teacher Retirement System committed or invested a total of $1.28 billion to eight private investment funds in June.
PBGC files liens against Times Publishing
trueThe PBGC filed liens against the Times Publishing Co., for $30.5 million in missed pension fund contributions and related interest and penalties.
Aetna deal to acquire Humana would add $3.2 billion in DC assets
trueAetna's acquisition of Humana for $37 billion could create a single company with combined retirement assets of about $15.8 billion.
CalSTRS names 9 firms to manager-of-emerging-managers pool
trueCalSTRS named nine firms to a pool of managers to construct, manage and monitor a manager-of-managers fund made up of emerging managers.
Tennessee Consolidated earmarks $85 million for 2 funds
trueTennessee Consolidated Retirement System made two new commitments totaling about $85 million.
Bristol County Retirement seeks emerging markets debt manager
trueBristol County Retirement System is searching for an emerging markets debt manager to run up to $20 million.
Church of England pension fund assets jump 13% in 2014
trueTotal assets managed by the Church of England Pensions Board increased 13% to £1.82 billion ($2.83 billion) for the year ended Dec. 31, thanks in part to an 18.1% return from the board's liability-matching investment pool.
Fresno City Retirement Systems looking for new retirement administrator
trueFresno (Calif.) City Retirement Systems is searching for a retirement administrator.
Hartford Municipal chooses Loomis Sayles for unconstrained bonds, commits to 3 funds
trueHartford (Conn.) Municipal Employees' Retirement Fund, hired Loomis Sayles to manage $50 million in its strategic alpha strategy in unconstrained fixed income.
Pension funds, consultants not sounding alarm over Greek vote
truePension funds and investment consultants are taking a measured approach following Sunday's Greek referendum vote against austerity plans.
Corporate pension funding improves in June despite drop in asset values — 2 reports
trueThe funded status of U.S. corporate pension plans improved slightly in June, said two new reports released Monday.
Kansas Public Employees launches currency overlay search
trueKansas Public Employees Retirement System is searching for a firm to provide currency overlay management services covering about $1.8 billion in international developed markets currency exposure.