In The News

In The News
Main Post Advisors To Raise $500 Million Venture-Capital Fund

Main Post Advisors has set out to raise a $500 million venture-capital fund, according to a filing with the SEC.

08.06.19
In The News
America’s Pension Funds Fell Short In 2019

Public plans with more than $1 billion in assets earned a median return of 6.79% for the year ended June 30, the lowest since 2016.

08.06.19
In The News
CalPERS Board Considers Gag Policy

A controversial section of a proposed code of conduct would bar California Public Employees’ Retirement System board members from speaking out against investment decisions or policies following board approval, a move some are claiming is aimed at stifling dissent and preventing board members from talking to the media, CIO reports.

08.06.19
In The News
Lightyear Capital And PSP Investments Close On Sale of Advisor Group To Reverence Capital Partners

Lightyear Capital announced today that investment funds affiliated with Lightyear and the Public Sector Pension Investment Board have completed the sale of Advisor Group to Reverence Capital Partners.

08.02.19
In The News
Canadian DB Plans Post Median 2.5% Return In Q2

Canadian defined benefit plans posted a median return of 2.5 per cent during the second quarter of 2019, according to data by Northern Trust Corp.

08.01.19
In The News
Terms of SEI Excessive Fee Settlement Disclosed

Another financial services firm has agreed to some procedural changes and a monetary settlement regarding the proprietary funds it offered in its own 401(k) plan.

08.01.19
In The News
Pension Fund Trustees Who Spent More Than $1.3 Million On Trips To Face Audit

The Board of Supervisors ordered an audit Tuesday of L.A. County’s pension fund following a Times investigation of trustees’ spending on travel.

08.01.19
In The News
Maryland State Retirement & Pension System Earns 6.46% on Investments in FY 2019

Baltimore, MD (July 31, 2019) — The Board of Trustees of the Maryland State Retirement and Pension System today announced that its portfolio returned 6.46% percent, net of fees, on investments for the fiscal year that ended June 30, 2019—falling short of the System’s 7.45% assumed actuarial return rate. The fund’s performance raised the system’s assets to $54.2 billion, an increase of $2.4 billion over last year.

07.31.19
In The News
Tennessee Pension Fund Investments In Marijuana Company Generates Smoke

NASHVILLE — In a state where many in the Republican-dominated government, including Gov. Bill Lee, oppose legalizing even medical marijuana, it turns out that Tennessee’s massive $52 billion retirement system stands to benefit from an investment it has in the soaring pot industry.

07.31.19
In The News
Illinois Pension Buyout Program Delivers Just 3% Of Projected Savings

A plan that allowed some pension enrollees to cash in early on their earned retirement benefits in exchange for curbing future benefits has so far generated only 3% of its expected savings.

07.30.19