The Caisse de depot et placement du Quebec and other pension fund managers have acknowledged or disclosed that they have invested around $100 million or more in Russia, mostly through publicly traded stocks.Christinne Muschi/Christinne Muschi/The Globe and The derussification of Canada’s largest public pension plans is nearly complete. The country’sRead More →

Band David Randall NEW YORK, February 14 (Reuters) – Seven state government employee pension funds, including CalPERS, the largest US pension plan, have taken stakes in electric vehicle startup Rivian Automotive Inc. RIVN.O in the quarter that ended Dec. 31, according to securities filings released Monday. The Texas Teachers’ RetirementRead More →

Money from British Gas energy company staff pensions was used to buy shares in Israeli spyware developer NSO Group, which was responsible for hacking into tens of thousands of people’s devices over the years. years, revealed a report. According to FinancialTimes journal, British Gas’s retirement investment fund and parent companyRead More →

Divided trustees of Pennsylvania’s $73 billion school pension fund will begin charting a future without the agency’s longtime executives at a two-day board meeting that begins Thursday. The board’s bi-monthly investment review will be the first under Robert Devine, the 23-year PSERS veteran named acting chief investment officer last weekRead More →

To the ancient Greeks, Cerberus was the dog of Hades, a multi-headed dog with a serpent’s tail that prevented souls from escaping from the underworld. His eyes were burning with fiery lava and he was vomiting bile. The dog’s namesake, Cerberus Capital Management, is a private equity firm that, likeRead More →

The city of San Jose’s retirement system posted its highest returns in decades thanks to a timely rebalancing amid the coronavirus pandemic. The pension fund, which is split in two, reported 29.46% for its federated city employee pension system and 26.49% for its police and firefighter pension plan, according toRead More →

Environmental organizers from across the country are converging in northern Minnesota to support Indigenous Water Protectors to stop construction of the Line 3 pipeline expansion. People across the country are protesting, sending letters and call to demand that President Biden stop construction of Line 3 just as he called forRead More →

Four leading North American pension funds helped launch the Global Peer Financing Association to advance peer-to-peer securities lending by asset owners, the group announced Thursday. Pension funds – the $396.9 billion California Public Employees’ Retirement System, Sacramento, the $94.1 billion ($72 billion) Healthcare of Ontario Pension Plan in Toronto, theRead More →

A once unthinkable collapse in global bond yields is forcing pension funds to buy bonds offering negative yields, jeopardizing the financial security of future retirees. U.S. institutions managing trillions of dollars in retirement savings — including California’s public employee retirement system, Sacramento — $376.3 billion — cut return expectations. Japan’sRead More →

Dan Petrella and Rick Pearson Chicago Tribune SPRINGFIELD – Gov. JB Pritzker’s administration on Thursday released a plan to deal with Illinois’ chronically underfunded public pensions that called for injecting more money from a proposed progressive income tax, spreading out the payments over a longer period, adding $ 2 billionRead More →

Millions of Canadians have had their pension funds allocated in offshore funds – without being properly informed, according to a report released yesterday. Canadian news organization Radio-Canada conducted an investigation based on the Paradise Papers leak which says it discovered that millions of ordinary Canadians have an interest in moneyRead More →

In recent years, traditional retirement plans, also called pension funds, have been gradually disappearing from the private sector. Today, public sector employees, such as civil servants, are the largest group with active and growing pension funds. This article explains how other traditional pension plans work. Key points to remember TraditionalRead More →

A superannuation plan is a retirement plan that requires an employer to make contributions to a pool of funds set aside for a worker’s future benefits. The fund pool is invested in the employee’s name, and earnings on the investments generate income for the retired worker. Pension fund assets mustRead More →

Four years before the financial collapse, Goldman Sachs executive George Herbert Walker IV had much to be thankful for. “I have been fortunate enough to be part of the leadership teams of US restructuring, European privatizations, global pension management and now investments in hedge funds and private equity,” he saidRead More →

DAVOS, Switzerland – Another leading figure in the financial industry is warning major pension systems to refrain from investing retirees’ money in hedge funds. In a meeting Thursday at the World Economic Forum, billionaire investor George Soros cited the management fees charged by hedge funds as saying it is unwiseRead More →