In The News

In The News
Another California Pension Fund Falls Just Short Of Its Investment Return Target

The California State Teachers’ Retirement System just missed its target rate for annual investment returns, recording 6.8 percent for the fiscal year ending June 30.

07.24.19
In The News
Big ERISA Decisions On The Horizon—SCOTUS To Review Third ERISA Case This Term

The U.S. Supreme Court recently agreed to review the Eighth Circuit’s decision in Thole v. US Bank, in which the Eighth Circuit held that participants in an overfunded defined benefit pension plan lack standing to sue for fiduciary breaches under ERISA. The Supreme Court’s decision in this case—the third ERISA case accepted by the court this term—could have significant implications for plan sponsors and plan fiduciaries.

07.23.19
In The News
Kentucky Governor's Pension Plan Passes State House

Kentucky Gov. Matt Bevin’s pension-relief proposal cleared the Republican-run state House by a slim margin Monday, surviving a crucial showdown as lawmakers continued a special legislative session convened by the GOP governor.

07.23.19
In The News
Cleantech Venture Capital Is Back? Early Numbers Say Yes.

While all venture capital sectors suffered during the Great Recession, one notable sector was almost completely left out of the corresponding recovery: Cleantech.

07.22.19
In The News
Stock Market Woes Caused Ohio Pension System To Lose Money In 2018

The stock market’s end-of-the-year losses in December caused each of Ohio’s state pension systems to lose money for the 2018 calendar year.

07.22.19
In The News
Canada’s Pension Fund OMERS Seeks New Green Energy Deals

Canadian pension fund Ontario Municipal Employees’ Retirement System (OMERS) is scouting for acquisition opportunities in India, in an affirmation of the country’s position as a green energy hot-spot.

07.22.19
In The News
Elizabeth Warren's Pitch To Upend Private Equity Rattles Industry

Private equity leaders are pushing back sharply against a new plan from Sen. Elizabeth Warren (D-Mass.) to rewrite the basic rules of the road for firms she likened to “vampires,” the Washington Post reports.

07.22.19
In The News
As A Unique $300 Million Partnership Between Connecticut And Hedge Fund Billionaire Ray Dalio Takes Shape, Questions About Transparency Remain

Hedge fund billionaire Raymond Dalio is giving $100 million to the state of Connecticut to create a nonprofit corporation to help disadvantaged young people finish high school and find jobs.

07.22.19
In The News
S&P Finds Most Not-for-Profit Hospitals Manage Pensions Well

However, the ratings agency doesn’t expect funded status improvements to continue, and it notes that many not-for-profit hospitals are focusing on de-risking strategies.

07.18.19
In The News
Navab Capital Partners to Wind Down After Founder’s Sudden Death

Navab Capital Partners will wind down after its founder Alex Navab’s unexpected death earlier this month. Navab, a former KKR & Co. executive, had been targeting $3 billion for the private equity firm’s debut fund.

07.17.19