Public pension plans
News and video about Public pension plans from Pensions & Investments
OCERS sets plan to exit euro currency hedge
trueOrange County Employees Retirement System adopted a strategy to exit its euro currency hedge.
Rising liabilities push U.S. corporate funded status down in July — 2 reports
trueThe funded status of U.S. corporate defined benefit plans fell in July because of rising liabilities, said reports from BNY Mellon and Wilshire Consulting.
Florida State Board sells up to $1 billion in private equity stakes
trueFlorida State Board of Administration sold between $500 million and $1 billion in private equity fund stakes to Lexington Partners.
Stanislaus County Employees slates $15 million for direct lending fund
trueStanislaus County Employees’ Retirement Association committed $15 million to Raven Asset-Based Opportunities Fund III.
TUCS funds dip in quarter
trueTrusts in the Wilshire Trust Universe Comparison Service returned a median -0.04% in the second of 2015, down from 2.13% the previous quarter, but outperforming the classic 60/40 portfolio of stocks and bonds for the second consecutive quarter, which returned -0.64%.
CPPIB forms joint venture for medical office portfolio
trueCanada Pension Plan Investment Board formed a joint venture with Health Care REIT to manage a 50.5% interest in a portfolio of medical office buildings in three California cities: Beverly Hills, Los Angeles and San Diego.
Miramar Firefighters adds real estate manager
trueMiramar (Fla.) Firefighters’ Pension Fund hired Intercontinental Real Estate to run a $5 million open-end core-plus real estate portfolio.
Canadian pension funds show negative return for quarter, RBC finds
trueCanadian defined benefit plans returned -1.6% in the second quarter, the first decline in investment returns since the second quarter of 2012, RBC Investor & Treasury Services' quarterly survey states.
Baton Rouge commits to Top Tier Capital fund of funds
trueBaton Rouge (La.) & Parish of East Baton Rouge Employees’ Retirement System committed $12.5 million to Top Tier Venture Velocity Fund, a venture capital fund of funds.
Montgomery City pension fund leads suit over GM loan
trueMontgomery (Ala.) City Employees' Retirement System is the lead plaintiff in a class-action suit against J.P. Morgan Chase and the law firm of Simpson Thacher and Bartlett over the loss of interest in a loan to General Motors Corp. prior to its Chapter 11 bankruptcy in 2009.
Private equity chief at New York State Teachers pension fund retires
trueJohn Virtanen, managing director of private equity for the New York State Teachers' Retirement System, retired after 38 years at the $108.9 billion pension fund.
El Paso County switches to U.S. Bank as custodian
trueEl Paso County Retirement Plan, Colorado Springs, Colo., has hired U.S. Bank as custodian.
Colorado Fire & Police commits $45 million to alternatives funds
trueColorado Fire & Police Pension Association made $45 million total in alternatives commitments.
Vermont investment committee rejects fossil-fuel divestment
trueVermont Pension Investment Committee, Montpelier, has voted not to divest from fossil-fuel holdings.
InvestorForce universes down 0.16% in quarter
trueMSCI's InvestorForce Plan Universes had a median net return of -0.16% in the second quarter.