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CalPERS Tells Four Cities: Pay Debts to Avoid Pension Cuts

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. CalPERS has asked four San Gabriel Valley cities that formed a job-training agency 40 years ago, the now-disbanded LA Works, to begin paying down an 18-month-old pension debt totaling ...

CPPIB Fixing China’s Pension Future?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. The Canadian Press reports, Canada, China to share pension expertise: The top executive at Canada’s largest retirement fund is in Beijing today to help grow the fund’s relationship with Chinese pension ...

CalPERS, Other Investors Want Dakota Access Pipeline Rerouted

CaPERS and a consortium of other investors last week called on the banks financing the Dakota Access Pipeline to address local tribes’ concerns around the route and safety of the project. Earlier in the week, protestors had camped in front of the CalPERS building, calling for the powerful investor to divest from the pipeline. CalPERS’ stance ...

Lunch With PSP’s André Bourbonnais?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. The President and CEO of PSP Investments, André Bourbonnais, was the invited guest at a CFA Montreal luncheon on Wednesday. He was interviewed by Miville Tremblay, Director and Senior Representative at the ...

CalPERS Looks Long-Term As New Allocation Shelters Portfolio From Market Highs

CalPERS’ allocation changes in the final months of 2016 have caused the pension fund to miss out on $900 million in potential investment return, according to remarks made by the CIO at a board meeting on Monday. The pension fund moved away from stocks and private equity in September, opting for a less volatile asset allocation that is project ...

Jim Leech Tapped For Infrastructure Bank?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. The Canadian Press reports, Liberals tap former pension fund CEO to help build new infrastructure bank: The former head of one of the country’s largest pension funds is being tapped to help build a new ...

Canada Pension CEO Keeping “Close Eye” on Trump Infrastructure Plan

The Canada Pension Plan Investment Board is one of the world’s largest infrastructure investors, and CEO Mark Machin told Reuters his fund is paying close attention to U.S. President Donald Trump’s as-yet-unreleased infrastructure plan. Though details are scarce, Trump has said he plans to roll out a $1 trillion U.S. infrastructure program. ...

Much Ado About CPPIB’s Quarterly Results?

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, Volatile markets shake CPPIB results: The Canada Pension Plan Investment Board reported a decline in Canada Pension Plan assets to $298.1-billion in its third ...

Problem With Hedge Funds Is They Forgot How to Hedge, Says $200B Danish Investor

The CIO of Danika, the $200 billion wealth management arm of Danske Bank A/S, doesn’t see hedge funds as part of his portfolio in the near future. The reason? Hedge funds have forgotten how to hedge. But he’s still open to investing in the right funds. More comments from Anders Svennesen, via Bloomberg: “If you look back over time, there ...

CalPERS Expects 5.8 Percent Return With New, Less Volatile Allocation: Report

CalPERS expects to see an annual return of 5.8 percent under its new, more cautious allocation strategy, according to documents posted online by the pension fund this week. The pension fund implemented the new allocation in September in anticipation of slower market growth over the next few years. Notably, the expected return figure falls short of both ...
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