Defined benefit plans
Watch breaking news videos and read news updates about Defined Benefit Plans on pionline.com
Delaware shifts to international equity
trueDelaware Public Employees’ Retirement System is withdrawing $40 million from an Oaktree Capital Management international convertible securities account and allocating $39 million of it to an international equity fund managed by Sanderson Asset Management.
ADM adopts anti-deforestation policy following N.Y. State Common proposal
trueNew York State Common Retirement Fund, Albany, announced Tuesday that Archer Daniels Midland agreed to adopt policies under which it will accept from supplies only soybean and palm oil products that aren't due to deforestation.
Metropolitan District Commission hunting for investment consultant
trueMetropolitan District Commission, Hartford, Conn., is searching for an investment consultant for its $200 million pension fund.
SEC should increase board diversity disclosure — public pension funds
trueNine large public pension funds asked the SEC on Tuesday to require companies to disclose more about their boards’ diversity.
Aon Hewitt: Canadian pension plans continue to see funding declines
trueThe median funded status of Canadian defined benefit plans administered by Aon Hewitt was 89% as of Tuesday, down 1.6 percentage points from the end of 2014 and the first time the level fell below 90% since September 2013.
New Bedford Contributory seeks emerging markets equity manager
trueNew Bedford (Mass.) Contributory Retirement System is searching for an emerging markets equity manager to run about $20 million.
Sprint agrees to pay $131 million to settle shareholder suit
trueSprint Corp. agreed to pay $131 million to settle shareholder claims that company officials made misleading statements, which artificially inflated stock values.
Texas Municipal selects Courtland as new real estate consultant
trueTexas Municipal Retirement System hired Courtland Partners as its real estate consultant, pending contract negotiations.
Hamden Employees looking for fixed income, international equity managers
trueHamden (Conn.) Employees' Retirement Plan is searching for a core or core-plus fixed-income manager to run about $30 million, and an international equity manager to run about $15 million.
Canada Pension Plan, U.K. pension funds buy stake in Associated British Ports
trueA group of U.K. pension funds and the Canada Pension Plan Investment Board, Toronto, will acquire a 30% stake in Associated British Ports.
Louisiana State Police narrows midcap equity search
trueLouisiana State Police Retirement System, Baton Rouge, is narrowing an invitation-only search for an active domestic midcap equity manager to run about $20 million.
Ontario Teachers returns 11.8% in 2014, surpassing benchmark by 170 basis points
trueOntario Teachers' Pension Plan, Toronto, returned 11.8% on its investments in 2014, above its custom benchmark's 10.1% return, powered by private equity and infrastructure performance.
Orange County slates $250 million for energy, credit funds
trueOrange County Employees Retirement System committed $200 million total to four energy-related investments and $50 million to a direct lending fund.
Austin Firefighters corrals Loomis Sayles for core-plus fixed income
trueAustin (Texas) Firefighters' Relief & Retirement Fund hired Loomis Sayles to manage $40 million in active core-plus fixed income.
Quincy Contributory Retirement seeks buyout fund
trueQuincy (Mass.) Contributory Retirement System is looking to commit $5 million to a large/middle-market buyout private equity fund, said an RFP posted on the website of Meketa Investment Group, the $290 million pension fund’s investment consultant.