Search This Site

Advanced

Industry At A Glance

News

Chicago Park Prunes Assumed Return Rate

The Chicago Park Employees' Annuity and Benefit Fund (PEABF) Board of Trustees decided last month to slash its assumed rate of return following a presentation from The Segal Company.

Puerto Rico Governor: We're Ready for Challenges

Despite enacting pension overhaul, a long list of hurdles still confronts Puerto Rico, its governor said Friday.

David Tawil, Maglan Capital

David Tawil is co-founder of Maglan Capital, a New York-based emerging hedge fund manager with approximately $100 million in assets under management. Tawil is the newest participant in IMMP’s “5 Questions.”

State Finances, Infrastructure and Pensions Are Priorities for Governors

State finances, infrastructure investments, and pension systems were among the top priorities governors cited and signaled are challenges for the coming year, according to a report issued Thursday by the National Governors Association.

Puerto Rico Proposals are Credit Positives, Moody's Says

Puerto Rico’s pension plan overhaul and Gov. Alejandro García Padilla’s proposal to increase sales tax revenues are both credit positive, Moody’s Investors Services said.

Milwaukee’s Veteran Investment Leader Dies

Tom Rick, CIO at the City of Milwaukee Employees’ Retirement System (CMERS), a fund with more than $4.2 billion in assets, died Monday.

Oklahoma Pension Changes Vetoed

Oklahoma Gov. Mary Fallin said last week she vetoed a pension reform plan because it did not incorporate her proposal to consolidate operations of several state pension plans.

New York CRF Reaches $160B Height

The New York State Common Retirement Fund (CRF) concluded 2013 with a record height of $160.4 billion, confirmed state Comptroller Thomas DiNapoli.

North Carolina Pension Posts 3.5% Return in Q1

The North Carolina Retirement Systems (NCRS) reached an asset height of $81.1 billion over the first quarter thanks to a 3.53% total fund return supported by stocks performance.

Rhode Island Pension Board Should Harden Policy, AG Says

The board of the Employees' Retirement System of Rhode Island should formalize its policy regarding administrative expenses charged to the plans within the system, according to a report from Auditor General Dennis Hoyle.

More