Arrowgrass Capital Partners, the hedge fund started by a group of former Deutsche Bank AG traders, plans to shut after getting hit with a fresh round of investor redemptions.
NASRA says since 2009, more than 35 states increased required employee contribution rates, and more states maintain plans in which the employee contribution rate may change, depending on the pension plan’s actuarial condition or other factors.
The Massachusetts Institute of Technology Investment Management Company (MITIMCo) announced today that MIT’s unitized pool of endowment and other MIT funds generated an investment return of 8.8 percent during the fiscal year ending June 30, 2019. At the end of the fiscal year, MIT’s endowment funds totaled $17.4 billion, excluding pledges.
The Pennsylvania Public School Employees’ Retirement System, despite global economic and political volatility, posted a net investment return rate of 6.68 percent for the recently completed fiscal year.
The University of California’s Office of the Chief Investment Officer (UC Investments) announced today (Sept. 12) that its assets under management grew to $126.1 billion as of June 30, a one-year jump of $7.4 billion and a five-year gain of $30 billion.
Some defined contribution plan investments may already include real estate investments in their underlying portfolio, but if not, plan sponsors may consider real estate investment trusts or direct real estate investments.
CIM is out after nine years of failed efforts to develop a vacant lot in downtown Sacramento into an office tower. What’s next for the site is unclear.
The FBI is investigating a cybertheft of $4.2 million from the state’s pension fund for retired Oklahoma Highway troopers, state agents, park rangers and other law enforcement officers. The Oklahoma Law Enforcement Retirement System (OLERS) posted an announcement online about the investigation Thursday, 10 days after the money went missing.