In The News
The Austin Police Department’s retirement system is in considerable trouble, with actuaries predicting that the fund will run out of money within 50 years unless the city and the officers who are members of the system reach an agreement to change current contribution levels, benefits and/or try a more novel approach.
Edgehill Endowment Partners, Leading Endowment and Foundation Investment Manager, Hires Jason Raiti
Just 11 percent of private sector workers now have defined benefit retirement plans, which pay amounts based on formulas including service time and salary rates as do the federal FERS and CSRS systems, a report has found.
Wealth management firms are rushing to grow their environmental, social and governance investing capabilities, introducing high-profile marketing and analytical tools aimed at both advisors and their customers.
HARTFORD, CT ― Today, at the August Investment Advisory Council (“IAC”) meeting, Treasurer Shawn T. Wooden announced the preliminary, unaudited investments results for the Connecticut Retirement Plans and Trust Funds (“CRPTF”) for the fiscal year ending June 30, 2019, while outlining the comprehensive restructuring measures underway to improve the CRPTF investment returns.
LONDON (Reuters) – Ontario Teachers’ Pension Plan, one of the world’s biggest pension funds, plans to hire “extensively” in Asia and Europe over the next two years and could shift an extra C$11 billion ($8.3 billion) into infrastructure and other real assets, its chief executive told Reuters
The plan’s governance committee gave first approval to a plan that reduces the size of the investment committee and the number of meetings at its Aug. 20 meeting.
Funded rate of 100 largest DB corporate plans drops to 87.9% during month.
The state pension fund grew by 3.38 percent for the three months ending June 30, outpacing a national measure of 3.27-percent gain for similar funds during a volatile investment period.
