Defined benefit plans
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Kimberly-Clark to contribute up to $100 million to pension funds in 2015
trueKimberly-Clark Corp., Dallas, plans to contribute up to $100 million to its worldwide defined benefit plans this year, spokesman Bob Brand said.
Timken Co. completes annuity buyout with Prudential to reduce liabilities by $600 million
trueTimken Co., Canton, Ohio, announced on Thursday it has purchased a group annuity contract from Prudential Insurance Co. of America to pay future benefits for about 5,000 U.S. retirees.
Arizona Public Safety allocates $458 million to 5 managers
trueArizona Public Safety Personnel Retirement System approved a total of up to $458 million in commitments, direct investments and co-investments.
Illinois Teachers launches large-cap core, private equity consultant searches
trueIllinois Teachers’ Retirement System is searching for a large-cap core equity manager to run between $270 million and $540 million of the pension fund’s $9 billion U.S. equity portfolio.
United Methodist board issues investment guidelines on climate change, human rights violations
trueGeneral Board of Pension and Health Benefits of the United Methodist Church and the Wespath Investment Management division of the $21 billion pension fund announced on Thursday two new investment guidelines regarding climate change and countries involved with human rights violations.
Chicago Park Employees terminates K2 Advisors hedge fund of funds
trueChicago Park Employees' Annuity & Benefit Fund terminated hedge fund-of-funds manager K2 Advisors.
NYC Retirement Systems, TIAA-CREF join in lawsuits against American Realty
trueNew York City Retirement Systems and TIAA-CREF have joined a group of investors that allege American Realty Capital Properties, a real estate investment trust, and others violated federal securities laws.
Quincy Contributory Retirement seeks emerging markets equity manager
trueQuincy (Mass.) Contributory Retirement System is looking for a manager to run a $35 million emerging markets equity portfolio.
Phoenix City Employees plans investment consultant search
truePhoenix City Employees’ Retirement System will begin a search for an investment consultant in the first half of February.
Norfolk County Retirement looking for energy private equity manager
trueNorfolk County Retirement System, Canton, Mass., is searching for an energy private equity manager to run about $15 million.
Manchester, London pension funds partner to invest in U.K. infrastructure
trueGreater Manchester Pension Fund, Manchester, England, and London Pensions Fund Authority teamed up to commit up to £500 million ($755 million) to invest in infrastructure opportunities.
PennSERS earmarks $50 million to Francisco Partners fund
truePennsylvania State Employees' Retirement System committed up to $50 million to Francisco Partners IV, said Pamela Hile, spokeswoman for the $28 billion pension fund.
Verizon Communications calls for $700 million pension fund contribution
trueVerizon Communications Inc. plans to contribute $700 million to its defined benefit plans in 2015, the minimum funding requirement, the company announced in an 8-K filing with the Securities and Exchange Commission on Thursday.
Real estate investors ramping up risk, moving from commingled funds
trueReal estate investors are investing in riskier properties while accepting lower returns and longer periods of illiquidity or lockup periods, said speakers Wednesday at IMN's 12th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing Conference in Laguna Beach, Calif.
KPERS executive director: Governor's proposal will increase pension contributions by $3.7 billion
trueKansas' pension contributions could increase $3.7 billion over the long term under a series of pension reform measures previously proposed by Kansas Gov. Sam Brownback.