Defined benefit plans
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Pennsylvania Public School Employees posts 2.9% return for quarter
truePennsylvania Public School Employees’ Retirement System reported a 2.9% return for the quarter ended Sept. 30.
Kentucky Retirement Systems putting $390 million in real estate, private equity
trueKentucky Retirement Systems, Frankfort, committed $390 million to five alternatives funds.
Canada Post spared pension contributions under proposed regulations
trueCanada Post Corp., Ottawa, would be allowed to avoid making special contributions to its pension fund for the next four years under regulations to be introduced by the Canadian government.
Fulton County Employees Retirement takes 2 for U.S. smidcap equities
trueFulton County Employees Retirement System hired Apex Capital Management and The London Co. to run about $50 million each in active domestic smidcap equities.
Texas Emergency Services Retirement picks Harvest Fund Advisors for MLP
trueTexas Emergency Services Retirement System hired Harvest Fund Advisors to run about $4 million in a master limited partnership portfolio.
Madoff 5 years later: Still a need for transparency and technology improvements
trueFive years ago, the massive fraud perpetrated by Bernard L. Madoff damaged the hedge fund industry's reputation and cost investors roughly $21 billion. Since then, it has become clear that independent checks — investor control of assets and transparency, in particular — could have prevented the ...
Carillion offloads £1 billion in longevity risk to Deutsche Bank
trueCarillion PLC entered into a longevity swap for its five defined benefit pension funds with Deutsche Bank AG valued at around £1 billion ($1.6 billion).
Kern County in search of custodian
trueKern County Employees' Retirement Association, Bakersfield, Calif., is searching for a global custodian.
Allegheny County Port Authority nets Peirce Park for outsourced CIO
trueAllegheny County Port Authority hired Peirce Park Group to provide outsourced CIO services.
SSgA names head of global DC research and product development
trueMark Fortier was named managing director, head of global defined contribution research and product development at State Street Global Advisors.
Connecticut Retirement Plans to commit $125 million to Apollo's 8th fund
trueConnecticut Retirement Plans & Trust Funds, Hartford, agreed to commit a total of up to $125 million to Apollo Investment Fund VIII.
Arizona University System hunting for record keeper
trueArizona University System, Tucson, is searching for one or more record keepers for its $617 million 403(b) plan.
CPPIB, DEXUS raise bid again for Aussie REIT amid competition
trueCanada Pension Plan Investment Board, Toronto, and DEXUS Property Group raised their bid a second time to acquire Australian REIT Commonwealth Property Office Fund to A$3 billion (US$2.72 billion), according to a filing Wednesday with the Australian Securities Exchange.
Federal budget deal stirs fight over pension costs
trueA tentative federal budget agreement struck late Tuesday has groups representing retirement plan sponsors and federal workers gearing up for a fight over pension costs.
Milwaukee Employes' Retirement seeks active extension manager
trueMilwaukee Employes' Retirement System authorized a search for a manager to run $50 million to $100 million in an active extension strategy.