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All Roads Lead to Dallas?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Jonathan Rochford, portfolio manager at Narrow Road Capital, wrote a guest comment for ValueWalk, The Dallas Pension Fiasco Is Just the Beginning (h/t, Jim Leech): The recent blow-up of the Dallas Police and ...

Ontario Teachers’ Eyes New Tack?

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, Teachers eyes new tack after 25 years: Ontario Teachers’ Pension Plan first began to lead the Canadian pension funds’ shift from sleepy, passive investors ...
NCPERS 2016 Public Retirement Systems Study

Public Pensions Pushed Fees Lower, Improved Funding in 2016: Report

Public pension funds achieved lower investment and administrative expenses in 2016, according to an NCPERS study of 159 public funds. The funds decreased their fees by only 4 basis points; but this trend was coupled with another year of improved funding ratios. From the study: Responding funds report the total cost of administering their funds and ...

CPPIB Acquires an IT Giant?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Indulai PM and Jochelle Mendonca of India’s Economic Times report, Apax Partners sells 48% of GlobalLogic to CPPIB in $1.5 billion deal: Apax Partners has sold half its 96% stake in GlobalLogic, an IT ...
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It’s All In The Fine Print: Will Your Fiduciary Insurance Cover You When You Need It?

Carol Buckmann is an attorney who has practiced in the employee benefits field for over 30 years. This post was originally published at Pensions & Benefits Law. Will that insurer your company has been paying premiums to for all of these years stand behind you if you are sued for ERISA violations?  Have you just been relying on a broker to give ...

U.S. Supreme Court Will Consider Reviving CalPERS’ Suit Against Lehman

The U.S. Supreme Court said Friday it will review an appeal by CalPERS that seeks to revive a lawsuit brought by the pension fund against Lehman Brothers. CalPERS lost $300 million when the bank went bankrupt, and has only recovered about $118 million from other lawsuits. Details from SFGate: [CalPERS’] suit against other underwriters and financial ...

South Korea Pension Chief Indicted for Perjury, Abuse of Power Over Samsung Merger

A month after his arrest, the head of Korea’s National Pension Service was indicted by prosecutors on Monday. Moon Hyung-pyo was indicted on charges of perjury and abuse of authority. The charges are the result of an ongoing investigation into whether Mr. Moon illegally pushed the pension fund’s board to vote in favor of a merger of two ...

Plan By Kansas Gov. Brownback Would Delay Pension Contributions

Kansas Gov. Sam Brownback budget proposal would achieve short-term savings by decelerating the state’s pension payment schedule, pushing full funding back by 10 years and raising long-term costs by $6 billion, according to retirement system officials. The budget would also cancel the repayment of $97 million that lawmakers shifted out of the pension ...

Scandal at Korea’s Retirement Giant?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Bruce Einhorn and Heejin Kim of Bloomberg report, A Scandal at Korea’s Retirement Giant: With 546 trillion won ($456.5 billion) in assets, South Korea’s public National Pension Service is the world’s third-largest ...

Legislatures in Michigan, South Carolina Draft Pension Changes in Opening Days

New classes of lawmakers in several states are making their priorities clear as new legislative sessions begin; and altering pension benefits appears to be on the docket in Michigan and South Carolina. In Michigan, the GOP majority has plans to close the state’s Teachers Retirement System to new hires, and instead shuffle those workers into a ...
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