PENSIONS

U.S. Treasury yield curve flattening to intensify with U.S. pension…

U.S. Treasury yield curve flattening to intensify with U.S. pension…

Published 25/04/2018

NEW YORK (Reuters) - Corporate pensions are shifting a chunk of their $1.55 trillion in assets into fixed income, which may be sizeable enough to [more…]

Exclusive: Mexican state pension fund spent millions on failing…

Exclusive: Mexican state pension fund spent millions on failing…

Published 12/03/2018

FILE PHOTO: The logo of Mexican construction company ICA is seen in Mexico City, March 8, 2016. REUTERS/Edgard GarridoMEXICO CITY (Reuters) - Mexico’s state workers’ [more…]

U.S. pensions stuck in the red despite stock market boom

U.S. pensions stuck in the red despite stock market boom

Published 15/09/2017

While U.S. corporate pensions regained some swagger after Wall Street’s record run this summer, they are still far from their heyday before the 2007-2009 credit crunch when they appeared to be in great shape to meet retirement obligations. [more…]

U.S. insurers sense opportunity in unwanted pension plans

U.S. insurers sense opportunity in unwanted pension plans

Published 14/02/2017

U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values give companies the perfect excuse to offload them.

[more…]

Despite risks, public pensions put faith in long-term returns

Despite risks, public pensions put faith in long-term returns

Published 06/02/2017

As yields on risk-free Treasuries fell, private pension plans lowered their investment return assumptions but public plans did not. Instead, public pensions invested in risky assets. REUTERS/Graphics

U.S. public pension funds are cutting their expectations for investment returns over the next 30 years or more, but some do not expect to meet even the new targets over the coming decade.

[more…]

Timeline: Caisse public transit project in Montreal

Timeline: Caisse public transit project in Montreal

Published 19/09/2016

The following timeline charts the schedule for Quebec's pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer (41.63 miles)public transit system in Montreal, the third largest automated transportation system in the world behind those in Dubai and Vancouver.

[more…]

Quebec pension fund ups stakes in infrastructure test case

Quebec pension fund ups stakes in infrastructure test case

Published 19/09/2016

FILE PHOTO - Polices officers watch a train pass in a subway station in Montreal, May 10, 2012. REUTERS/Olivier Jean

Quebec's public pension fund, the Caisse, is about to take on one of its toughest investment challenges yet - helping the commuters of Montreal.

[more…]

South Korea pension picks BlackRock, Grosvenor to manage hedge fund investments

South Korea pension picks BlackRock, Grosvenor to manage hedge fund investments

Published 11/07/2016

SEOUL South Korea's National Pension Service (NPS), the world's third-largest pension fund, said it had chosen a BlackRock Inc unit and Grosvenor Capital Management to [more…]

Public pension funds seek infrastructure as market heats up

Public pension funds seek infrastructure as market heats up

Published 13/06/2016

SAN FRANCISCO The California Public Employees’ Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of [more…]

Kentucky pension funds push back against fee disclosure bill

Published 23/02/2016

NEW YORK Kentucky's troubled public pension funds are fighting a bill requiring them to disclose performance fees paid to outside asset managers and use more [more…]