Public pension plans
News and video about Public pension plans from Pensions & Investments
New York State Teachers given lead-plaintiff status in GM suit
trueNew York State Teachers’ Retirement System has been approved as lead plaintiff in a class-action lawsuit against General Motors Co., claiming GM committed fraud in its disclosure of faulty ignition switches.
Orange County Employees commits $60 million, puts PIMCO on watch
trueOrange County Employees Retirement System’s investment committee committed up to $60 million in the OCP Asia’s Orchard Landmark direct lending fund.
New York State Teachers returns 18.2% for fiscal year
trueNew York State Teachers' Retirement System posted an 18.2% return on its investments for the fiscal year ended June 30.
Lisle-Woodridge Firefighters calls in MFS Investment for international equity
trueLisle-Woodridge Firefighters Pension Fund, Lisle, Ill., hired MFS Investment Management to run about $3 million in its international value equity mutual fund.
Illinois Teachers trustees approve $1 billion in asset moves
trueIllinois Teachers' Retirement System took action on assets totaling just more than $1 billion at its board meeting Thursday.
San Antonio Fire & Police goes with 2 managers
trueSan Antonio Fire & Police Pension Fund hired Attucks Asset Management as a manager of emerging managers.
Stockton bankruptcy plan approved with no pension cuts
trueStockton, Calif., won court approval of its plan to exit bankruptcy by paying bond investors pennies on the dollar while fully protecting public-worker pension benefits, in a case that has been watched by other cities in the state facing heavy retiree costs.
Chicago Policemen's pension fund to launch hedge fund-of-funds search
trueThe $4 billion Chicago Policemen’s Annuity & Benefit Fund will issue a search for a multistrategy hedge funds-of-funds manager.
Oklahoma State Regents approves 2 alternatives commitments
trueOklahoma State Regents for Higher Education approved a total of $14 million in alternatives commitments.
PennSERS moving $200 million to real estate, private equity funds
truePennsylvania State Employees' Retirement System committed up to $200 million to four alternatives funds.
Northern Trust institutional universe loses ground in third quarter
trueCorporate defined benefit plans edged out public pension plans and endowments and foundations in a quarter that saw weak performance overall, Northern Trust data shows.
London Borough of Camden signs Harris for unconstrained global equity
trueLondon Borough of Camden Pension Fund hired Harris Associates to run an unconstrained global equity allocation.
InvestorForce universes drop 1.1% in third quarter
trueInvestorForce Plan Universes funds posted a median net return of -1.14% in the quarter ended Sept. 30. The median return gross of fees in the quarter was -1.03%.
Essex County Council taps Alcentra for illiquid debt strategy
trueEssex County Council Pension Fund, Chelmsford, England, hired Alcentra to manage a long-only, multi-illiquid debt portfolio.
Ohio Police & Fire earmarks $230 million for 4 funds
trueOhio Police & Fire Pension Fund made four new commitments totaling up to $230 million.