A West Coast health care trust fund has adopted a new asset allocation that will require manager searches in the private equity, real estate and global macro asset classes.
Thousands of pension fund managers and trustees are gathering for an all-expenses paid convention at the out-of-state Grand Geneva Resort and Spa, and local taxpayers are picking up the tab.
A pension fund near the Nation’s capital has hired a Standard & Poor’s 500 Index manager and received a recommendation in its absolute return fixed-income search.
A private-sector pension crisis is hitting roughly 19,000 current and retired unionized skilled trades workers in southeast Michigan, another sign of the precarious nature of some pension promises made to workers years ago.