Dec 18, 2014 – The El Paso Firemen & Policemen’s Pension Fund has increased its commitment to a bank loan strategy managed by Western Asset Management Company.
Dec 18, 2014 – Jodan Ledford is head of U.S. solutions at Legal & General Investment Management America, Inc. (LGIMA), an investment advisory firm specializing in fixed-income and liability driven investment strategies. He is the latest participant in IMMP’s “5 Questions.”
Dec 18, 2014 – Signed by President Barack Obama this week, the Multiemployer Pension Reform Act of 2014 welcomes substantial changes to the multiemployer pension system that is meant to fortify the retirement future of nearly 10 million workers.
Dec 18, 2014 – State Controller John Chiang warned of California's growing unfunded retiree healthcare liability and proposed a plan to help tackle it in a report released Dec. 16.
Dec 17, 2014 – A group of Chicago unions, employees and retirees sued Tuesday to overturn pension reforms approved earlier this year, a move that threatens to reverse strides toward stabilizing two of the city's four pension funds and the city's credit rating.
Dec 17, 2014 – Trustees for the University of Kentucky (U.K.) recently considered a recommendation to extend the investment consultant contract of R.V. Kuhns & Associates (RVK), plan documents indicate.
Dec 16, 2014 – The nearly $4 billion Fresno County Employees’ Retirement Association (FCERA) has hired private credit asset managers.
Dec 16, 2014 – Board trustees for the Falmouth, Mass. Retirement System issued three new investment searches this week for passive and active equity strategies, IMMP has learned.
Dec 15, 2014 – The Alaska Permanent Fund (APF) made $550 million in private equity commitments last week.
Dec 15, 2014 – The $12.5 billion Maine Public Employees Retirement System (PERS) Board has allocated nearly $200 million to private market funds focused on infrastructure, real estate and private equity.
Dec 15, 2014 – Following an assessment of the consultant space, the Aurora General Employees’ Retirement Plan (AGERP) has retained its current advisor.
Dec 15, 2014 – Trustees at the Seattle City Employees’ Retirement System (SCERS) approved a motion to place PIMCO on its watch list last month.
Dec 15, 2014 – Massachusetts should increase its rainy day fund and lower its expected pension fund rate of return to 7.75% from 8%, its incoming treasurer told investors last Friday.
Dec 12, 2014 – New commitments to funds managed by Ares and Blue Road Capital have been approved by the New Mexico Educational Retirement Board’s (NMERB) Investment Committee.
Dec 12, 2014 – The renewal of a 1% temporary sales tax that was set to expire this year will help aid Philadelphia's underfunded pension fund, the city's treasurer Nancy Winkler said in a speech before the Municipal Forum of New York Wednesday.