Reporter Ed Mendel covered the California Capitol in Sacramento for nearly three decades, most recently for the San Diego Union-Tribune. More stories are at Calpensions.com. Annual rates paid by employers to CalPERS and CalSTRS are going up, pension funding levels haven’t recovered from a big drop during the recession, and Gov. Brown’s pension reform put … Continue reading Unions Seek School Pension “Death Benefit” Hike
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Elliot Blair Smith of MarketWatch reports, How the Teamsters pension disappeared more quickly under Wall Street than the mob: Real estate investments in Las Vegas casinos and hotels once threatened the integrity of a Teamsters … Continue reading Pension Pulse: On Pensions and the Wall Street Mob?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Matt Scuffham of Reuters reports, Canada pension funds hold back on U.K. deals ahead of Brexit vote: Some of Canada’s top pension funds, among the world’s biggest investors in British real estate and infrastructure, are … Continue reading Canada’s Pensions Worried About Brexit?
Reporter Ed Mendel covered the California Capitol in Sacramento for nearly three decades, most recently for the San Diego Union-Tribune. More stories are at Calpensions.com. University of California President Janet Napolitano’s proposal last week to cap pensions for new hires, part of a deal with Gov. Brown, has a less generous 401(k)-style supplement than a … Continue reading University of California President’s Pension Cap Has Lower Supplement
Officials representing the IMF and other creditors arrived in Greece on Wednesday to inspect the progress of the country’s pension reforms, which are a key condition the international bailout agreed to last year. Greece offered its own pension reform plan in early 2016; but it wasn’t steep enough for the IMF. Additionally, creditors objected to … Continue reading Greece’s Pension Reforms Reviewed by Bailout Inspectors
Low interest rates are driving European pension funds to increasingly shift into property investments – commercial and residential – both directly and through investment funds, according to a report. One EU regulator, the European Insurance and Occupational Pensions Authority, is keeping a close watch on the trend. More from Reuters: Traditionally conservative European insurers and … Continue reading Report: Low Rates Drive European Pensions to Property
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Ari Altstedter of Bloomberg reports, Hedge Funds + Leverage Are Hot Formula for Canada Pension Plans: The words “bold” and “pension fund” don’t always go together easily. Then again, neither do bold and Canada. But … Continue reading Pension Pulse: Canada’s Highly Leveraged Pensions
Bank of America on Friday disclosed that it had reached a $335 million settlement with shareholders, ending a lawsuit accusing the bank of misleading shareholders in 2009-10. The suit, led by the Pennsylvania Public School Employees’ Retirement System, claimed that shareholders would never have bought BoA stock in 2009-10 if the bank had truthfully disclosed … Continue reading Bank of America Settles Shareholder Suit, Led by Pennsylvania Pension, Over Mortgage-Backed Securities
Protesters in several cities around the world this week rallied against the Blackstone Group and one of its funds that invests heavily in foreclosed homes and other distressed real estate assets. Tenants rights groups contend that Blackstone charges above-median rent, forces out low-income tenants and neglects their properties. The fund in question is the Blackstone … Continue reading Blackstone Real Estate Fund, Where Pensions Are Largest Investors, Comes Under Fire From Housing Rights Activists
Pension360 has occasionally covered the growing business of pension advances—businesses that apply the concept of a payday advance to retirement benefits by giving retirees an option to receive their pension as a lump sum. These schemes are rarely advantageous for retirees and are often predatory, but they remain largely under-the-radar and Missouri is so far … Continue reading U.S. Senate Hears Testimony on Pension Advance Schemes
