Public pension plans
News and video about Public pension plans from Pensions & Investments
Louisiana Municipal Employees taps AEW Capital Management for real estate
trueLouisiana Municipal Employees' Retirement System, Baton Rouge, committed $12 million to AEW Partners Fund VII, a closed-end value-added opportunistic real estate fund managed by AEW Capital Management.
Tennessee passes bill requiring some local governments to make full pension contributions
trueThe Tennessee Legislature has sent a bill to Gov. Bill Haslam's desk that will require some local governments in the state to increase the contributions to their pension funds.
Public pension fund lawsuits piling up against BP
trueA slew of public pension funds filed lawsuits against BP PLC on April 18 for investment losses resulting from the Deepwater Horizon oil rig explosion and oil spill in April 2010.
CalSTRS chooses 2 for private equity funds of funds
trueCalSTRS committed $100 million each to private equity firms Muller & Monroe Asset Management and BAML Capital Access Funds Management.
Oklahoma Teachers taps L&B Realty Advisors for non-core real estate
trueOklahoma Teachers' Retirement System, Oklahoma City, hired L&B Realty Advisors to manage between $15 million and $50 million in a non-core real estate portfolio.
Wisconsin Investment Board increases staff incentive compensation by 66% for 2013
trueState of Wisconsin Investment Board, Madison, paid $13.3 million to staff in incentive compensation for 2013, rewarding performance for exceeding benchmark returns largely over the previous five years.
GPIF shakes up investment committee
trueJapan's Government Pension Investment Fund overhauled its investment committee, adding three members of a state panel that urged it to cut bonds, as the balance of power shifts at the world's largest pension fund.
Canada Pension Plan earmarks $119 million to J.W. Childs
trueCanada Pension Plan Investment Board committed US$119 million to J.W. Childs Equity Partners IV, a new midmarket private equity fund managed by J.W. Childs Associates.
New Orleans Employees goes with two private debt managers
trueNew Orleans City Employees' Retirement System committed a total of about $19 million to two middle-market private debt funds.
Washington State Investment Board commits $800 million to 5 funds
trueWashington State Investment Board made five new commitments totaling up to $800 million.
Georgia Firefighters names new executive director
trueMorgan Wurst was named executive director of the Georgia Firefighters Pension Fund effective May 1.
Seattle City Employees names NEPC as investment consultant
trueSeattle City Employees' Retirement System hired NEPC as investment consultant.
Alpharetta, Ga., looking for consultant for three retirement plans
trueAlpharetta, Ga., is searching for an investment consultant for its $50 million defined benefit plan, $16 million 457 plan and $10 million 401(a) plan.
Milwaukee County Employees seeks private equity managers
trueMilwaukee County Employees' Retirement System issued separate RFPs for a private equity fund of funds and a manager to run a private equity mezzanine financing strategy.
Maryland State Retirement sues BP over Deepwater Horizon explosion
trueMaryland Attorney General Douglas F. Gansler's office announced on Friday it is filing a lawsuit against BP PLC for losses sustained by the $44 billion Maryland State Retirement & Pension System, Baltimore, as a result of the 2010 Deepwater Horizon oil rig explosion and oil spill.