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CalPERS on PE Fees: Staff “Can’t Track It”, But Software Can

CalPERS’ pays billions of dollars in fees to external investment managers each year. But an official admitted last week that the fees are sufficiently complex that staff “can’t track” them by themselves. It was revealed at last week’s board meeting that the pension fund uses an algorithm — part of software built for ...

CPPIB Gains 11.8% in Fiscal 2017

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Jacqueline Nelson of the Globe and Mail reports, CPPIB posts strong gains as push to increase investment diversity continues: Canada Pension Plan Investment Board posted strong investment gains in its fiscal ...

New Jersey’s Big Pension Gamble?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. SNJ Today reports, Underfunded Public Pension Plans Could Hit the Lottery: Governor Chris Christie is moving forward with his plan to dedicate the state’s lottery revenues to New Jersey’s woefully ...

Chris Christie Unveils Plan to Fund NJ Pensions Through Lottery Cash; Democrats Balk

New Jersey Gov. Chris Christie last week unveiled a plan that would use lottery proceeds to pay down the state’s mounting pension obligations. The plan would make the state lottery an asset of the pension fund, generating an estimated $37 billion over the next 30 years, according to the state Treasury. However, some lawmakers — particularly ...

Canada’s Pensions to the Rescue?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Theophilos Argitis and Kristine Owram of Bloomberg report, Home Capital Is a Minor Meltdown That’s Left a Major Mark on Canada: The story Canada has been telling itself about its economy is starting to sound ...
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Asset Management Still “Inflicted” By Lack of Diversity As Emerging Managers Fight For Small Piece Of Pie: Report

Investment management is well known to be dominated by white males. But it’s still startling to see what a small percentage of assets (1.1%) are managed by firms run by women or minorities, according to a new report authored by Harvard Business School and Bella Research Group’s Josh Lerner. The stark number comes even as public pension funds ...

Ron Mock on Canada’s Infrastructure Needs?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Ron Mock, Ontario Teachers’ president and CEO was in Montreal briefly last week following the Milken Institute Conference in Los Angeles to discuss “The Real Infrastructure Questions for Canada” ...

Dallas Pension Bill Clears House

Legislation was unanimously passed by the Texas House of Representatives on Thursday that would require significantly larger pension contributions from Dallas to its severely underfunded pension system. Additionally, the bill would require higher contributions from workers while also slashing benefits. The legislation is aimed at improving the funding ...

CPPIB Retreats From Farmland?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. John Tilak and Matt Scuffham of Reuters report, Canada’s CPPIB pension fund plans farmland retreat: Canada Pension Plan Investment Board (CPPIB) has decided against making further investments in farmland ...

New York Pension Systems Outperform California

Reporter Ed Mendel covered the Capitol in Sacramento for nearly three decades, most recently for the San Diego Union-Tribune. More stories are at Calpensions.com. New York state pension systems are better funded than California state pension systems, currently take a smaller bite out of state and local government budgets, and still provide pension benefits ...
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