kentucky

Pension Transparency Bill Moves Forward in Kentucky House

A bill is moving forward in the Kentucky House that would increase the transparency around investments made by the state’s retirement systems. The Senate unanimously passed the measure last month. The bill would require the state’s pension funds to disclose the use of placement agents, any fees paid to those agents, and more. An official summary ...
Roadwork

Institutional Investors Cite Regulatory Risk, Transparency as Obstacles to Infrastructure Investment

The Organization for Economic Cooperation and Development (OECD) recently surveyed 71 pension funds on their interest in alternative investments. [The full survey can be found here.] The findings when it came to infrastructure investing were among the most interesting. The survey found that the funds had increased their alternative investments across ...
2611679744_5da955a118_z

New Dynamic Emerging Between Pension Funds and Asset Managers As Pensions Look for Lower Costs, More Transparency

Many pension funds are moving portions of asset management duties in-house in a bid to reduce costs; many more funds are pushing for more transparency from their external asset managers. In the wake of these trends and others, a recent State Street survey claims that a new dynamic is emerging between pension funds and their asset managers. More details ...
Golden Gate Bridge

San Francisco Pension Investment Staff Recommends Foray Into Hedge Funds

The investment staff of the San Francisco Employees’ Retirement System (SFERS) has recommended to the board that the system allocate up to 10 percent of its assets in hedge funds. SFERS has been waffling for a year over whether or not to put money into hedge funds, and what the allocation should be. From Bloomberg, via FinAlternatives: The San Francisco ...
2950975041_27c5d7c8e3_z

UK Pensions Argue For Better Reporting Framework For Responsible Investments From Fund Managers

A coalition of UK pension funds is calling on fund managers to improve and increase disclosure of the social impact of their investments. Many of the pension funds in the coalition are taking an increased interest in socially and environmentally responsible investing. From IPE Real Estate: Over a dozen schemes with £200bn (€267bn) in assets – ...
2246559455_3d805f96a9_m

Dallas Pension Overvalued Real Estate Investments by Millions, According to Review

An audit of the Dallas Police and Fire Pension System has revealed that the fund overvalued a number of risky real estate investments, including a vineyard in California and luxury homes in Hawaii. The fund invests heavily in real estate but suffered $96 million in real estate losses in 2013 [Read the Pension360 coverage here]. From the Dallas Morning ...
2950975041_27c5d7c8e3_z

Institutional Investors Push Oil Giants to Disclose Climate Change Risks

A coalition of 150 investors – including pension funds from around the world – are calling on oil giants BP and Shell to provide greater transparency regarding the risks that climate change poses to their business models. More from Chief Investment Officer: The coalition, which includes pension funds from the UK, US, and Northern Europe, has submitted ...
9761565422_8da861e1c8_z

Cincinnati Councilman Proposes Changes to Pension Investment Strategy

Cincinnati City Councilman Christopher Smitherman has proposed a series of changes to how the city’s pension money is managed. The proposals stem from concerns about transparency and high money management costs. Smitherman also wants to change the makeup of the investment board. The fund returned 16 percent in 2013. From the Cincinnati Enquirer: Specifically ...
640px-Flag_of_Kentucky.svg

Top Kentucky Lawmaker Introduces Teacher Pension Funding Bill; Seeks $3 Billion in Bonds

Kentucky House Speaker Greg Stumbo has taken up the Teachers Retirement System on one of their funding proposals. Stumbo on Friday filed a bill calling for the issuing of $3.3 billion in bonds that will be used to fund the teachers system. More details from the Courier-Journal: Stumbo, D-Prestonsburg, said Friday that the retirement system could capitalize ...
6451642447_4356164259_z

UK Parliament May Require Pensions to Disclose Contracts With Asset Managers

UK pension funds could soon be facing higher transparency standards after Parliament members proposed measures recently to force pension funds to disclose contracts with asset managers. From Investments and Pensions Europe: Michael German, a Liberal Democrat peer in the UK upper house, tabled an amendment to the current Pension Scheme Bill – legislating ...
Privacy Policy | © 2019 Pension360 and © 2014 Policy Data Institute | Site Admin · Entries RSS ·