Public pension plans
News and video about Public pension plans from Pensions & Investments
Kansas Senate passes bill to issue $1 billion in pension obligation bonds
trueThe Kansas Senate passed a bill to issue $1 billion in pension obligation bonds to improve the funding of the Kansas Public Employees Retirement System.
Chicago Teachers pension fund wants information on emerging private equity managers
trueChicago Public School Teachers’ Pension & Retirement Fund issued an RFI for private equity managers owned by minorities, women or people with disabilities.
Oklahoma Teachers eyes replacing J.P. Morgan with Northern Trust as custodian
trueOklahoma Teachers' Retirement System intends to hire Northern Trust to provide custodial, securities lending and commission recapture services if the two parties can agree on contract terms.
Illinois State Universities hires 4 emerging markets debt managers
trueIllinois State Universities Retirement System hired BlueBay Asset Management, Prudential Fixed Income, Colchester Global Investors and Progress Investment Management to manage a total of $520 million in emerging markets debt.
Moody's downgrades Chicago's credit rating on pension liability concerns
trueMoody's Investors Service downgraded Chicago's credit rating to Baa2 on Friday, citing concerns over the city's “highly elevated” unfunded pension liabilities.
Ontario Municipal Employees returns 10% in 2014
trueOntario Municipal Employees Retirement System returned a net 10% in 2014 vs. a net 6% return a year earlier.
Japan's GPIF posts 5.2% gain for quarter as equity allocations increase
trueJapan’s Government Pension Investment Fund reported a 5.2% investment gain to ¥137 trillion ($1.15 trillion) for the Tokyo-based pension fund’s fiscal third quarter ended Dec. 31.
Chicago Metropolitan Water fund names 4 finalists for global bond search
trueChicago Metropolitan Water Reclamation District Retirement Fund named four finalists in its search for active global fixed-income managers to run $50 million each.
Nevada Public Employees taps Wilshire to review investment program
trueNevada Public Employees’ Retirement System hired Wilshire Associates as a project consultant to perform a “second option” review of the $34 billion pension fund’s investment program.
Ohio Police & Fire earmarks $70 million for Blackstone real estate fund
trueOhio Police & Fire Pension Fund committed up to $70 million to Blackstone Real Estate Partners VIII, managed by Blackstone Group.
Orange County Employees taps Dodge & Cox to take on portion of PIMCO assets
trueOrange County Employees Retirement System hired Dodge & Cox to manage about $200 million in active core fixed income, pending legal due diligence and successful contract negotiations.
San Antonio Fire & Police looking for international private equity fund
trueSan Antonio Fire & Police Pension Fund is searching for a firm to run an international private equity strategy.
Hamden Employees seeks small-cap, large-cap and real estate managers
trueHamden (Conn.) Employees’ Retirement Plan is searching for a domestic small-cap core equity manager to run about $8 million, and domestic large-cap core equity and core or core-plus real estate managers to each run about $16 million.
Rhode Island commits $15 million to venture capital fund of funds
trueRhode Island State Investment Commission committed up to $15 million to Industry Ventures Partnership Holdings III-C, a sidecar fund.
Chicago teachers pension fund hires new executive director
trueCharles A. Burbridge was named executive director of the $10.8 billion Chicago Public School Teachers' Pension & Retirement Fund, effective March 16.