Public pension plans
News and video about Public pension plans from Pensions & Investments
Quebec's Caisse names Asia-Pacific managing director
trueEdouard Merette has been appointed managing director, Asia-Pacific for Caisse de Depot et Placement du Quebec, the Montreal-based money manager for provincial, municipal and other pension funds in Quebec as well as other provincial entities, announced Thursday.
Public pension funds get share of BofA's record $16.65 billion settlement
trueSeveral state pension funds are among the recipients of Bank of America Corp.’s $16.65 billion in fines and consumer relief to end federal and state probes into mortgage bond sales.
Mendocino County Employees looking for retirement administrator
trueMendocino County Employees' Retirement Association, Ukiah, Calif., is searching for a retirement administrator, said Jim Andersen, interim administrator.
Norway's Government Pension Fund Global returns 3.3% in quarter
trueNorway’s Government Pension Fund Global, Oslo, increased its assets under management 24.6% over the year, and 7.2% over the three months ended June 30, to 5.5 trillion Norwegian kroner ($887.2 billion), as equity markets and emerging markets performance bolstered investment returns.
Texas Employees sets 2015 tactical plan for alternatives
trueTexas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1.
Washington state high court rules pension benefit reductions are constitutional
trueThe Washington State Supreme Court upheld as constitutional two bills passed by the state Legislature in 2007 and 2011 that reduced benefits for some participants in several of the state's pension funds.
Florida Retirement System posts preliminary 17.4% return
trueFlorida Retirement System returned a preliminary 17.4% for the fiscal year ended June 30, surpassing its benchmark by 38 basis points, the Florida State Board of Administration, Tallahassee, announced Tuesday.
Arizona State Retirement earmarks $90 million to 2 funds
trueArizona State Retirement System, Phoenix, committed $50 million to Veritas Capital Fund V, a middle-market private equity fund managed by Veritas Capital Fund Management, investment committee meeting materials said.
CalPERS' real estate consultant cautions the pension fund's investment committee
trueCalPERS' real estate consultant warned fund officials must maintain their "disciplined approach" to underwriting in the "overheated market."
New York State Common boosts allocation to 2 managers
trueNew York State Common Retirement Fund, Albany, allocated an additional $350 million total to existing equity managers Apex Capital Management and Progress Investment Management, said Matthew Sweeney, a spokesman for state Comptroller Thomas DiNapoli, the sole trustee of the $180.7 billion pension ...
LACERA terminates EII Capital Management
trueLos Angeles County Employees Retirement Association, Pasadena, Calif., terminated international real estate securities manager EII Capital Management, which managed a $163 million separate account, due to key executive departures.
North Carolina revs up internal management
trueAs North Carolina Retirement Systems officials celebrated reaching $90 billion in assets this month, they also prepared to look more like their peers when it comes to internal asset management.
Hedge fund investing strong in 2014
trueAs institutional investment in hedge funds matures, most investors have been busy starting, growing, optimizing and fine-tuning their hedge fund portfolios.
Ontario Teachers looks to add Bristol airport to portfolio
trueThe Ontario Teachers' Pension Plan's investment in airports continues to take flight.
Louisiana Teachers returns 18.36%
trueLouisiana Teachers’ Retirement System, Baton Rouge, returned 18.36% net of fees in the fiscal year ended June 30, spokeswoman Lisa Honore said.