Ohio’s largest public pension system is considering cuts to health care benefits for thousands of current and future retirees as a way to shore up and extend coverage for years to come.
The Ontario Municipal Employees’ Retirement System (OMERS) has selected Annesley Wallace to serve as the fund’s new chief pension officer, replacing Blake Hutcheson, who recently left the position to become CEO.
Local government pension schemes in Britain pulled money out of hedge funds last year, shifting cash to infrastructure projects such as wind farms and to private equity, a Reuters analysis of annual reports shows.
Manulife Investment Management announced the closing of approximately US$1.5 billion in commitments to Manulife Private Equity Partners, the first fund-of-funds product raised by Manulife Investment Management’s Private Markets group as part of its ongoing effort to provide specialized asset management solutions for global investors.