Not-for-profit pension plans
News and video about Not-for-profit pension plans from Pensions & Investments
Church pension plan status rejected by U.S. District Court
trueIn one of five major class-action lawsuits challenging church-affiliated sponsors of defined benefit plans, a federal judge ruled Tuesday that the pension plan of Dignity Health is covered by ERISA.
Slow process seen in naming Gotbaum successor at PBGC
trueJoshua Gotbaum's resignation as director of the Pension Benefit Guaranty Corp. is expected to create a leadership vacuum at a critical time for an agency dealing with struggling multiemployer pension plans and corporate defined benefit sponsors stressed about premium increases.
UConn CIO to join Hartford HealthCare as senior investment director
trueKevin Edwards was named senior investment director at Hartford HealthCare, according to David Holmgren, chief investment officer.
International Finance Corp.'s private equity head to retire
trueDavid Wilton will retire in about a month as chief investment officer and manager for global private equity for the International Finance Corp., a member of the World Bank Group.
Church of England looks to grow several asset classes
trueChurch of England’s investment fund grew 11% to a record £6.1 billion ($10.3 billion) for the year ended Dec. 31.
Federal court dismisses church plan status objection against Ascension Health Alliance
trueA federal court dismissed claims against Ascension Health Alliance, St. Louis, that its pension plan was not entitled to church plan status.
Wespath adds managing director to lead ESG oversight team
trueKirsty Jenkinson was named managing director of corporate relations and sustainable investment strategist at the Wespath Investment Management division of the General Board of Pension and Health Benefits of The United Methodist Church.
Hartford HealthCare makes $45 million in commitments to 3 funds
trueHartford HealthCare, Hartford, Conn., committed $25 million to North Run Capital Partners to manage in a long-short equity portfolio, said David Holmgren, chief investment officer.
Hartford HealthCare wants to add 2 investment directors
trueHartford HealthCare plans to look for two investment directors to help oversee the hospital's $2.5 billion in pension, endowment and insurance investments.
Danish pension fund seeks managers for European, global bonds
trueLonmodtagernes Dyrtidsfond is looking for managers to run a €335 million ($464.4 million) European corporate investment-grade bonds allocation and a €90 million global inflation-linked bonds portfolio.
Hartford HealthCare commits to 5 private equity funds
trueHartford HealthCare, Hartford, Conn., committed a combined $40 million to five private equity funds, according to David Holmgren, chief investment officer.
Pension funds lose securities lending suit against Wells Fargo
trueWells Fargo & Co. did not breach its fiduciary duty when several pension funds lost money through the bank's securities lending program, a federal court judge in St. Paul, Minn., has ruled.
Challenges to 2 church plans move forward
trueTwo recent court decisions are adding fuel to the fire over the use of church plan exemptions.
Hartford HealthCare searching for hedge fund managers following $350 million program launch
trueHartford HealthCare, Hartford, Conn., recently launched a $350 million program to make direct investments in hedge funds for its $2.35 billion pension and endowment system.
Church of England makes buy-in
trueThe Church of England Pensions Board agreed to a buy-in with Prudential U.K. for £100 million of the £295.7 million defined benefit section of the Church Workers Pension Fund, confirmed a spokeswoman for the fund.