In The News
The value of the Arkansas Public Employees Retirement System’s investments remained virtually flat in a volatile quarter that ended Sept. 30, as they dropped by $22 million to $9.13 billion, the system’s board of trustees learned Wednesday.
Stocks pulled back from near-record highs and plummeted on Wednesday, following a report that the phase one trade deal between China and the U.S. was again delayed, and now won’t be completed this year, causing renewed anxiety in the markets.
Federal Reserve officials said little about what would prompt them to resume interest-rate cuts when they signaled a pause following last month’s rate reduction.
A look at some key takeaways from Congress’s private equity hearing by Pitchbook.
The private-equity arm of quantitative hedge-fund Two Sigma is focused on data-rich sectors such as financial services and real assets.
Shipping giant joins growing ranks of U.S. companies pulling back on guaranteed retirement benefits.
NEPC survey finds LDI investors have better-funded plans.
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.
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 plunge in interest rates since the financial crisis is wreaking havoc on funds.