In The News
The trustees of the massive trust fund, commonly known as LACERA, have taken hundreds of trips across the country and overseas in recent years, excursions that have cost the fund more than $1.3 million since 2015, according to a Times review of internal documents.
Stamford Associates is a leading London-based global investment advisory firm, that creates a unique edge by (among other things) integrating behavioral psychologists into the investment analyst teams.
The American Investment Council released its 2019 Public Pension Study, which analyzes investment returns by 165 U.S. public pension funds and highlights how private equity continues to deliver the highest returns of any asset class.
The board of Oregon’s public pension system voted 3-to-2 Friday to stand pat on the system’s key funding assumption, maintaining their assumed rate of return on investments at 7.2% annually, The Oregonian reports.
A deal for the financial-information and terminal business would help the U.K.-based exchange operator expand its business as a data provider to investors and companies, the Wall Street Journal reports.
Public pension plans in the U.S. are basing their funding strength on rosy assumptions, the Wall Street Journal reports.
Packaging company Sonoco’s board of directors has approved a plan to terminate the Sonoco US Pension Plan for Inactive Participants, effective Sept. 30.
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.
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.
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.
