Charles Émond has been appointed executive v.p. of Québec private equity and strategic planning at the C$326.7 ($245.6) billion Caisse de Dépôt et Placement du Québec.
Australian pension funds are stepping up direct lending to companies, following their global peers into the booming market for private credit in a hunt for higher-yielding assets.
A California pension plan added a pair of private equity commitments and will review responses in its ongoing search for domestic small-cap equity emerging managers.
Why are public pension plans so poorly funded? Sure, you can blame politicians’ meddling, or irresponsible benefit increases, or decisions to take contribution holidays, but, to take the Chicago Teachers’ Pension Fund as a case study, it was not designed to be funded in the first place.
The number of Texas state and local pension funds achieving Pension Review Board recommendations for overall financial health hit a new high in 2019, according to PRB data analyzed by the Texas Association of Public Employee Retirement Systems. In addition, for the first time in decades, no Texas pension fund has a target rate greater than 8 percent.