Pension Fund

Gilt yields plunge after Bank of England steps in to buy at ‘any scale necessary’

By Jamie Chisholm Yields on UK gilts fell to their highest level in 14 years after the Bank of England said it would buy bonds on “any scale necessary” to restore orderly market conditions. The yield on the benchmark 10-year gilt, which moves in the opposite direction to prices, fell …

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Pension reform vote aims to raise retirement age for women

The reform provides for an increase in the legal retirement age for women, which would be partly offset by financial compensation. Keystone/Christian Beutler On Sunday, voters have the final say on a proposal to reform the basic pension scheme in a ballot billed as a key decision in Swiss politics. …

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Pension funds stock up on commercial real estate

As of August 19, about 8.7% of total assets managed by North American public pension funds are allocated to real estate, according to research firm Preqin Ltd. These pension funds have over $6 trillion in assets under management. Commercial real estate, mostly office space, dominated a conventional pension fund’s portfolio …

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Use pension funds on roads, rails

Columnists Use pension funds on roads, rails Wednesday, September 21, 2022 Motorists at the Nairobi Expressway Mlolongo Toll Booth on Sunday June 26, 2022. PHOTO | DENNIS ONSONGO | NMG As the debate around the funding of infrastructure projects in Kenya intensifies, the broader debate that needs to take place …

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Gray Television, Inc. (NYSE:GTN) Brief Update on Interests

Gray Television, Inc. (NYSE: GTN – Get a rating) was the target of a significant drop in short interest in August. As of August 31, there was short interest totaling 4,210,000 shares, down 9.5% from the total of 4,650,000 shares as of August 15. Based on an average daily volume …

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Gujarat Government Raises Salaries for Employees

The government’s decision came days after National Aam Aadmi Party leader Arvind Kejriwal raised the issue of police force pay cuts during his visit to Gujarat. The government’s decision came days after National Aam Aadmi Party leader Arvind Kejriwal raised the issue of police force pay cuts during his visit …

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Stopping or reducing your pension contributions should be the last thing on your mind

SWT Wealth Management Sherald Waterhouse-Trew, director of Caerphilly-based SWT Wealth Management Advertising function: With the cost of living crisis and affected households, it is tempting to consider reducing or stopping pension contributions. Cost cutting is currently on the agenda of most households. However, before considering reducing or stopping pension contributions, …

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Calcaterra Pollack LLP Investigative Report into Kentucky Retirement Systems Investment Activities Released

The law firm’s independent investigation involved reviewing hundreds of around two million pages spanning seven years of certain pension fund investment decisions FRANKFURT, Ky., September 13, 2022 /PRNewswire/ — About September 6, 2022a report prepared by the law firm Calcaterra Pollack LLP was made public summarizing the firm’s independent investigation …

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Hong Kongers who leave permanently withdraw $ 269 million from the mandatory provident fund

Hong Kong authorities reject BN(O) passport for MPF withdrawal applications, many emigrants do not withdraw funds The Mandatory Provident Fund (MPF), is a mandatory savings scheme (pension fund) for the retirement of Hong Kong residents. It was introduced in December 2000. Most employees aged 18 to 64 and their employers …

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Union in epic battle with IPEC over pension fund representation

By Alois Vinga A union is fighting a battle with the Insurance and Pensions Commission (IPEC) over proposed fitness and probity standards for trustees, which automatically exclude union officials from supervising pension funds by citing a conflict of interests ‘interests. In a recent update, the general secretary of the Zimbabwe …

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Hawaii State Pension Fund returns 3.66% for fiscal year 2022

The Hawaii Employees’ Retirement System pension fund reported an investment return of 3.66% for the year ending June 30, beating its benchmark index by nearly 500 basis points and bringing its total assets to just a little less than $22 billion. The pension fund also recently posted announcements for a …

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Carclo reaches new funding agreement with the pension plan

Over the next three years, the employer has agreed to pay future deficit repair contributions at a base position of £3.5m per annum plus 25% of any excess above adjusted profit before Interest, Tax, Depreciation and Amortization (EBITDA) above £18m in 2024. This will extend to 26% of any excess …

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Pension Fund Administration’s Guaranteed Return Scheme in Final Stage

The PFRDA provides the final touch to the guaranteed return investment plan within the framework of the National Pension System (NPS) architecture, while retaining the option of offering a fixed minimum return or comparing it to a rate in real time, said a senior official. The Pension Funds Regulatory and …

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Macquarie Global Infrastructure Total Return Fund Inc. Announces Monthly Distribution

NEW YORK–(BUSINESS WIRE)–The board of directors of Macquarie Global Infrastructure Total Return Fund Inc. (NYSE: MGU) (“Fund”) declared on September 2, 2022 a regular distribution for the month ending August 31, 2022 of $0.13 per share. Based on the Fund’s net asset value (“NAV”) per share of $27.35 and the …

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Wall Street uses your money to buy virtue; Don’t let them – InsideSources

There is a new class of profiteering in the investment world, and you, the typical American, are paying the price for their virtue-filled plan. Wall Street elites have pushed for the adoption of corporate metrics, called environmental, social and governance (ESG), to assess the good or harm a company brings …

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ScottishPower is offering funds to DWP claimants to help pay their energy bills – are you eligible? | Personal finance | Finance

To qualify for this aid, Britons must claim certain benefits from the Department for Work and Pensions (DWP). These benefits include Income Support, Jobseeker’s Allowance (JSA), Pension Credit or Employment and Support Allowance. Britons could also be eligible if there is a ‘special circumstance’ which could make them eligible. For …

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Pledges to divest from Russia by US states are largely unfulfilled

Driven by moral outrage over Russia’s invasion of Ukraine earlier this year, US governors and other senior state officials made it clear they wanted to sever their financial ties with Russia. . A few states soon followed. Idaho sold $300,000 worth of bonds to a Russian oil company in early …

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Inside the brand new investment office building Canada’s next great pension fund

For dispatchers, the opportunity to build a brand new investment office is rare. And yet, that is exactly what the inaugural team of the Canadian Universities Pension Plan is doing. With just over a year of official operations under its belt, the organization is struggling to consolidate its portfolio – …

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New York pension fund yields plunge in tough year

Individual pension fund results contrast sharply with returns for the year ended June 30, 2021, where all posted net results ranging from 24.8% to 28%. Lander reported in a July 29 press release that the preliminary overall net return for the entire pension system was -8.65% for the fiscal year …

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ARMOR Residential REIT, Inc. (NYSE:ARR) Stock Holdings Cut by New York State Joint Retirement Fund

The New York State Common Retirement Fund reduced its stake in ARMOR Residential REIT, Inc. (NYSE: ARR – Get a rating) by 3.9% in the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The institutional investor held 51,475 shares of the real estate investment …

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CDPQ: Sale of stake in the Indus towers: Vodafone and the CDPQ of Canada in talks

The Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) is in talks with Vodafone Plc to buy the remaining 21% stake held by the British telecommunications major in , India’s largest mobile tower installation company, said several people familiar with the negotiations. The two parties have had …

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Ukraine’s “IT army” blocks more than 600 Russian online platforms in the past two weeks

The Ukrainian IT army blocked more than 600 online resources operated by Russian actors – that is, in the period from August 1 to August 14. This is according to the press service of the Ministry of Digital Transformationreports Ukrinform. It is noteworthy that in the first two weeks of …

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New York State Common Retirement Fund purchases 42,988 shares of Eastern Bankshares, Inc. (NASDAQ: EBC)

New York State Common Retirement Fund increased its stake in shares of Eastern Bankshares, Inc. (NASDAQ: EBC – Get a rating) by 34.7% in Q1, according to its most recent 13F filing with the Securities & Exchange Commission. The fund held 166,805 shares of the company after purchasing an additional …

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State Treasurer Fitzgerald says state-run pension program a priority if re-elected

Democratic State Treasurer Michael Fitzgerald explained why he thinks Iowans should elect him to an 11e four-year term Thursday at the Iowa State Fair. Speaking to the Des Moines Registry Political SoapboxFitzgerald said he wants to keep pushing the state to establish a retirement program for Iowans who don’t have …

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Inovalon Holdings is targeted in New Del. Follows after a $7.3 billion sale

By Jeff Montgomery (August 9, 2022, 7:38 p.m. EDT) — Three Florida and Pennsylvania pension funds sued Inovalon Holdings Inc., a cloud-based healthcare data company, in the Court of Chancery on Tuesday. of Delaware, alleging breaches of fiduciary duty by individuals and funds named in a lawsuit filed last year …

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7 African countries with the strongest growth in pension fund assets

The report focused specifically on pension fund assets in 68 countries or reporting jurisdictions, comprising 38 OECD countries and 30 non-member countries from Eastern Europe, Asia and Africa. The report said in several parts: “Overall, pension fund assets stood at $38.5 trillion in a total of 68 reporting jurisdictions at …

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Carlyle Group sued by Pittsburgh pension fund over IPO tax rights

The Pittsburgh Comprehensive Municipal Pension Trust Fund has filed a shareholder derivatives lawsuit against the Carlyle Group, contesting a $344 million payment to the private equity manager’s founders and other executives tied to the IPO. company stock market ten years ago. The lawsuit, filed Wednesday by the $991 million pension …

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How PenCom protects N14.2trn pension fund assets from economic vulnerabilities – The Whistler Newspaper

An employee who has worked for an organization for a few years is entitled to certain benefits which could be in the form of a bonus and pension payable to that employee by his employer upon retirement. The pension is considered as a sum of money regularly paid to a …

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Massachusetts pension fund posts -3% return for the year

For the three-, five- and 10-year periods ending June 30, the pension fund recorded an annualized gross return of 8.9%, 8.6% and 9.2%, respectively, above its respective benchmark returns 6%, 6.5% and 7.4%. The pension fund had reported a gross return of 30% for the fiscal year ended June 30, …

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New Jersey State Joint Pension Fund D sells 28,761 shares of Plains GP Holdings, LP (NYSE:PAGP)

New Jersey State Joint Pension Fund D reduced its holdings in Plains GP Holdings, LP (NYSE: PAGP – Get a rating) by 10.8% in the 1st quarter, according to its most recent communication to the Securities and Exchange Commission. The company held 237,965 shares of the pipeline company after selling …

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Hedge fund legend Bill Ackman urges Biden to close the tax loophole that brought him billions

William Ackman is not known for his political takes. Typically, the billionaire hedge fund manager spends his time dissecting corporate finances, looking for his next high-profile investment or activism. But this week, the CEO of Pershing Square Capital Management found himself in the middle of a heated debate over the …

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HM King Hamad modifies the provisions of the law on pension funds BDF | THE DAILY TRIBUNE

TDT | manama The Daily Tribune – www.newsofbahrain.com His Majesty King Hamad bin Isa Al Khalifa issued Decree Law (31) of 2022 yesterday. The Decree Law amends certain provisions of Decree Law (6) of 1991 on the establishment of a pension fund for officers Bahrainis and …

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New pensions deal not likely before autumn, with officials expressing concern over costs – The Irish Times

Plans to revamp the state pension system, allowing people to work beyond age 66 and earn higher weekly payments, are not expected to be finalized for a few months, Public Expenditure Department officials say their concern about potential costs. The Cabinet Committee on Economic Affairs last week endorsed Welfare Minister …

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The big collateral call facing UK pension funds

The author is a finance and economics commentator and former global head of asset allocation at Columbia Threadneedle Investments The £1.5billion number is significant – at least in a UK context. It accounts for 40% of the UK institutional asset management market, two-thirds of gross domestic product and around the …

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40% of decumulation products purchased without regulated advice in 2021

About 104,774 (40%) of the 262,261 decumulation products purchased in 2021 were purchased without professional and regulated advice, analysis of Financial Conduct Authority (FCA) data by Just Group has found. This is the highest number of sales of non-advised decumulation solutions since the pension “freedom and choice” reforms of 2015, …

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department releases pension plan | Phnom Penh Post

The Department of Labor launches its 90-day campaign to promote social security and pensions on July 15. ministry of labor facebook The Ministry of Labor and Vocational Training will hold a tripartite meeting on July 19 on the National Social Security Fund (CNSS) for the pension scheme. The pension plan …

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Ultragenyx sells rare disease drug royalties to Canadian pension fund

Ultragenyx, a California-based drugmaker, has sold some of the royalties it receives from a rare disease drug to a Canadian pension fund. In exchange for $500 million, the fund, called OMERS, will get 30% of Ultragenyx’s royalty rights on future sales of Crysvita in the United States and Canada, where …

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Accountant jailed for 3.5 years for taking $1 million from New Orleans fire department fund | Crime/Police

A Baton Rouge accountant who looted the New Orleans fire department pension fund to cover gambling, home improvement and living expenses was sentenced to 41 months in prison on Tuesday, U.S. Attorney Duane Evans’ office said. . Wayne Triche, 72, pleaded guilty in March to wire fraud and tax evasion …

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West Yorkshire Pension Fund to Use Derivatives ESG Risk Framework | New

West Yorkshire Pension Fund (WYPF), the £16.3 billion (€19.2 billion) British local government pension scheme (LGPS), has asked investment management boutique WieldMore Investment Management and at the Wheeler Institute for Business and Development, part of the London Business School (LBS), to design a framework for assessing ESG risks and the …

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Canadian pension fund backs giant Klarna with $5.8 billion “buy now, pay later” | UK News

Klarna, the buy now, pay later credit provider, is set to unveil an $800m fundraise at a valuation below $6bn, echoing deteriorating public market sentiment to technology companies. Sky News has learned that Sweden-based Klarna is expected to announce as early as this week that it has secured funding from …

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Shares of PVH Corp. (NYSE:PVH) sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of PVH Corp. (NYSE: HPV – Get a rating) by 1.5% in the 1st quarter, Holdings Channel.com reports. The company held 23,187 shares of the textile maker after selling 356 shares during the period. Retirement Systems of Alabama’s holdings in PVH …

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ESR Expands Korea Development Joint Venture with APG and CPP Investments to US$1 Billion

Seoul, South Korea and HONG KONG, July 6, 2022 /PRNewswire/ — ESR Group Limited (“ESR” or the “Group”; stock code SEHK: 1821), APAC’s largest real estate asset manager, today announced the extension of its second joint venture to development (“ESR-KS II” or the “Joint Venture”) in Korea with APG and …

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China agrees to invest $3 billion in Indonesian sovereign wealth fund

JAKARTA, July 4 (Reuters) – China’s Silk Road Fund (SRF) has signed an agreement to invest up to 20 billion yuan ($2.99 ​​billion) in Indonesia’s sovereign wealth fund, the funds said on Monday. Indonesian fund investors. The agreement allows investment in all sectors open to foreigners in Indonesia, especially projects …

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Chief Consar: Afores has plenty of room to invest internationally without changing the law

The president of the Mexican pension regulator (CONSER) argues that the Afore investment regime should be more flexible, although the current regime leaves Afores plenty of leeway to further diversify their portfolios. In an exclusive interview with Pro Latin America Fund, Ivan Pliego said that of the $250 billion the …

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Why we need to make retreats interesting

A public service announcement. Not everything is terrible. Figures released this week by the Department for Work and Pensions suggest that in at least one area the future is surprisingly bright. Prior to the introduction of automatic enrollment in pensions (EI), only around half of UK employees had an occupational …

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Logos and Sime Darby achieve the first close of the Malaysian fund

The fund supports the development of the E-Metro logistics park in Klang A joint venture of Logos and Sime Darby Property has completed a first closing of its investment vehicle targeting the development of logistics assets in Malaysia after securing 70% of capital commitments for a fund size of up …

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US Senate panel approves bill named after Culpeper police retiree | Recent news

The U.S. Senate Finance Committee has approved its chamber’s supplemental bill to the Wally Bunker Act by Rep. Abigail Spanberger, named after a retired Culpeper police officer. The panel voted on Wednesday to advance legislation, which would guarantee all retired police and firefighters a tax advantage to pay for the …

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The impending bear market is likely to lead to more lawsuits | Guidepost Solutions LLC

When the tide recedes, as it appears to be doing now with the market down 20% from its January highs, the bad actors will be exposed for all to see. Simply put, as the market goes down, companies hiding behind high stock prices and astronomical crypto values ​​will be scrutinized …

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Outside the state treasurer’s office, Dita Bhargava lays out her plan for the job

Outside the state treasurer’s office on Tuesday, Democrat Dita Bhargava of Greenwich unveiled her vision for the position, which emphasizes socially responsible investing and mitigate the effects of record inflation on the government’s pension portfolio. Bhargava, who ran unsuccessfully for the Democratic nomination for state treasurer in 2018, is in …

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Pension assets hit N14.06 trillion in April

The country’s pension assets reached N14.06 trillion at the end of April 2022, according to the latest monthly industry performance figures released by the National Pensions Commission (PenCom). The figure rose from 13.88 trillion naira recorded during the same period in March 2022, indicating an increase of 181.34 billion naira …

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As Murphy’s budget hits record high, NJ should be ready for recession, lawmaker says

New Jerseyans have grown accustomed to broken promises from Trenton leaders, as tax relief initiatives and assistance programs for schools, businesses and individuals are usually the first to be cut when the state is faced with financial difficulties. As spending hits record highs in the face of an impending economic …

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City of Wadena Focuses on Using $448,000 in ARPA Funds – Wadena Pioneer Journal

WADENA — After brainstorming and trying to make the most of American Rescue Plan Act funding, Wadena City Council has approved the use of its first $448,000 allocation. It’s just the amount that goes directly to the city. More is also attributed to the town of Wadena County. This amount …

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Gold miners gun for pension war chest

SHAME MAKOSHARIZIMBABWE Mines Minister Winston Chitando last week rejected demands from gold producers to channel fresh capital from pension funds to rebuild undercapitalized operators. Gold miners alone over the past decade have combed the markets for US$1 billion to help them get back to full production. In total, Zimbabwe’s mines …

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Laufenberg admits scamming union pension fund

George R. Laufenberg, a former Port Authority of New York and New Jersey commissioner, pleaded guilty on Friday to charges of embezzling about $140,000 from the Northeast Carpenter’s Union’s $2 billion pension fund. he was leading. The 72-year-old Wall resident admitted to stealing pension funds and making false statements to …

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Teamsters Fund asks High Court to take up pension dispute

By Kellie Mejdrich (June 1, 2022, 8:48 p.m. EDT) — A Teamsters pension fund on Wednesday asked the U.S. Supreme Court to overturn a Second Circuit ruling allowing a wholesale grocer to avoid him pay $58 million, arguing that the appeals court ruling misinterpreted federal laws designed to prevent employers …

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After 16 years of legal battle, DU teachers win retirement case: The Tribune India

Tribune press service New Delhi, May 30 After a protracted legal battle spanning 16 years, a group of Delhi University teachers finally won a pension case after the Supreme Court rejected the university’s appeal against a 2017 High Court verdict. Court of Delhi which was in their favour. …

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New York AG sues Roman Catholic Diocese over hospital retiree pensions

Photo: Dean Mitchell/Getty Images The New York Attorney General has complaint lodged against the Roman Catholic Diocese of Albany, claiming that it mismanaged the pensions of retirees at St. Clare’s Hospital, thereby evading its financial and legal responsibilities. In the lawsuit, Attorney General Letitia James claimed the diocese failed to …

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Stocks can recover on $250 billion rebalancing flow, JP Morgan says

“Given the current shallow equity market depth, the cumulative impact of this rebalancing flow on equities by the end of June could exceed 10%,” JP Morgan strategist Nikolaos Panigirtzoglou said in an interview. . The optimistic scenario touted by Mr. Panigirtzoglou, a widely followed expert on Wall Street capital flows, …

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Bodies Extracted from Dry Lake Mead Stir Wise-Guy Ghosts of Las Vegas

LAS VEGAS – He’s the mafia guy who disappeared after flying over the Stardust Casino. No, he’s the resort manager being hunted down by the Chicago Outfit. Could this be the work of a muscled biker gang in Mafia territory? Or maybe someone just fell off a boat after too …

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CPP Investments boss says he will continue to invest in the energy sector

TORONTO, May 19 (Reuters) – The Canada Pension Plan Investment Board will continue to invest in the fossil fuel industry even as it seeks to meet its sustainability goal, CEO John Graham said on Thursday. , adding that the fund was “cautiously optimistic” about market returns. given the Russian-Ukrainian war, …

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The universal pension will come into effect from July next year

The long-awaited universal pension scheme will take off in July next year. All citizens between the ages of 18 and 50 will be entitled to the benefits of moving. The Ministry of Finance plans to make a large number of citizens benefit from the pension scheme before the next national …

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Romanian market regulator fines BRD SocGen’s pension fund management company

Romania’s Financial Supervisory Authority audited private pension fund management company BRD, part of Societe Generale Group, finding that the company’s managing director and board members violated governance rules business and accounting records. Fines amounting to more than RON 275,000 (EUR 55,000) were imposed on four board members – three of …

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Funds have hundreds of millions of ‘untraceable’ pensioners in the pot

For example, the ABP does not know the contact details of 19,000 retirees, in part because they have moved abroad. There are still 300 million euros ready for them. On average, this represents around 16,000 euros per person. For example, these are people who worked as a student aide during …

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Pension fund divestment from fossil fuels could ‘only superficially improve’ council’s green credentials

Bedford Borough Council has been told the divestment of pension funds is reducing pressure on businesses to accelerate their transition to net zero. In January, councilors voted unanimously to ask the Bedfordshire Pension Fund to divest from fossil fuels. A member of the public, Mr. Eric Cooper, asked the Climate …

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Small business owners, unite! A call for owner-operators to unionize – People’s World

Owner-operators operate a variety of businesses and trades, but they are also forced to compete against each other to drive down the price of their skills. Unions could work for them too, just as they have done for other workers. | PA In the not so distant past, Meramec Street …

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Alaska shouldn’t risk going back to defined-benefit retirement

The Alaska State Capitol, pictured Monday, Sept. 13, 2021, in Juneau. (Loren Holmes/DNA) If you’re a kind-hearted Alaskan who thinks lawmakers are there to protect your interests and are far above pandering to special interests to scare votes in the next election, House Bill 55 could be a disappointment. According …

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AARP urges the 2nd Circ. To review the ERISA anti-reduction decision

By Beverly Banks (May 5, 2022, 8:34 p.m. EDT) — AARP has backed seven workers’ bids for the Full Second Circuit to re-evaluate a panel’s decision finding that a union’s pension fund did not not violated ERISA’s anti-reduction rule by requiring employees to stop working before receiving early retirement benefits, …

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The largest sovereign fund in the world increases its shares in BCorp, Genting Malaysia, PetChem; Bursa fit, Top Glove, Serba Dinamik

KUALA LUMPUR (May 4): Norwegian government pension fund Global, the world’s largest sovereign wealth fund with a market value of around 11.72 trillion Norwegian kroner (about RM5.66 trillion), had invested in 146 companies listed in Bursa Malaysia as of Dec. 31, 2021, when the fund’s stake in companies like Berjaya …

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MEDNAX, Inc. (NYSE:MD) Received Consensus Recommendation to “Hold” by Brokerages

MEDNAX, Inc. (NYSE:MD – Get a rating) received a consensus rating of “Hold” by the eleven brokerages that currently cover the company, Market Beat Ratings reports. One investment analyst has assigned the stock a sell rating, seven have issued a hold rating and two have assigned the company a buy …

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Berkshire Hathaway earnings fall as market tumult weighs on stock portfolio

Berkshire Hathaway Inc. BRK.B -2.55% First-quarter earnings fell as turmoil in financial markets weighed on its giant stock portfolio and rising claims costs hurt its insurance underwriting business. Warren Buffett’s company reported net income of $5.46 billion, or $3,702 per equivalent Class A share. That was down from $11.71 billion, …

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Allianz Global Investors settles more lawsuits over Structured Alpha losses

Teamster Members Retirement Plan, Carol Stream, Ill., Fairfield (Conn.) Police and Firemen’s Retirement System, and New England Health Care Employees Pension Fund, Hartford, Connecticut, have dropped their class action lawsuit against Allianz Global Investors this alleged mismanagement of enhanced return strategies managed by the company. The plans, board of directors …

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Guaranteed minimum return retirement products may have varying capital needs

Those with higher assets under management (AUM) may have higher minimum paid-up capital requirements: Sources TopicsPensions | Personal finance | Markets The minimum guaranteed return schemes that the pension regulator plans to launch in five to six months could have varying capital requirements for pension fund sponsors. Those with …

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Analysts Forecast Calix, Inc. (NYSE:CALX) to Post Quarterly Sales of $177.02 Million

Equity research analysts predict that Calix, Inc. (NYSE: CALX – Get a rating) will announce sales of $177.02 million for the current quarter, according to Zacks. Three analysts provided earnings estimates for Calix, with the highest sales estimate at $177.40 million and the lowest estimate at $176.66 million. Calix recorded …

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Revealed: Welcome to Yorkshire owes £2m debt to 67 creditors – including a public sector pension fund

A ‘Statement of Affairs’ document published on Companies House revealed that debts of £2.1m to 67 different creditors include £1.3m to North Yorkshire County Council in relation to the pension fund of North Yorkshire which he administers. The company had just over £1million in estimated assets at the time of …

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Police Scotland warned of exodus of staff after pension changes – Law and regulation

As reported in Oracle Police and the Daily Record, the change – which came into effect on April 1 – resulted in the removal of a pension commutation cap from the 1987 Police Scotland Pension Scheme. Under the old system, agents with more than 25 years of service but less …

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-$0.78 expected earnings per share for Xencor, Inc. (NASDAQ:XNCR) this quarter

Stock analysts expect Xencor, Inc. (NASDAQ:XNCR – Get a rating) to post earnings of ($0.78) per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts made Xencor earnings estimates, with the lowest EPS estimate of $1.07 and the highest estimate of $0.60. Xencor posted earnings of …

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Zacks: Analysts expect Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) to post earnings of $0.61 per share

Wall Street analysts expect Ligand Pharmaceuticals Incorporated (NASDAQ:LGND – Get a rating) will report earnings per share of $0.61 for the current quarter, Zacks reports. Two analysts released earnings estimates for Ligand Pharmaceuticals. Ligand Pharmaceuticals reported earnings of $1.41 per share in the same quarter last year, suggesting a negative …

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Ex-minister and pension fund chief convicted for role in controversial Samsung merger

Former Health Minister Moon Hyung-pyo (Yonhap) South Korea’s Supreme Court on Thursday upheld two-and-a-half-year prison sentences for former health minister Moon Hyung-pyo and Hong Wan-sun, former head of the National Pension Service, for their roles in the controversial $8 billion merger of Samsung subsidiaries in 2015. The final decision came …

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Pensions: what’s new this week April 2022 # 2 | Allen & Overy LLP

Welcome to your weekly update from the Allen & Overy Pensions team, covering all the latest legal and regulatory developments in the world of occupational pensions. This week we cover topics such as: the new HMRC GMP equalization guidelines; future changes to the PPF; PLSA and ABI campaign to boost …

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Chandler sees the light at the end of the tunnel at the firehouse

By Ken SainPersonal editor Chandler Mayor Kevin Hartke counted every time Councilman Matt Orlando shouted, “Hip, hip, hooray,” during the city’s second budget workshop last month. The final tally was six after more than two hours of staff giving council members mostly good news. Revenues are up and Board members …

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Ruckus on Early Access to Pension Funds

The Namibian Financial Institutions Supervisory Authority (Namfisa) yesterday urged workers to remain calm ahead of the final standards and regulations on safeguarding superannuation benefits to be passed under the Financial Institutions and Markets Act 2021 ( FIMA). The regulator said it has been inundated with inquiries about the new legislation, …

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More than $90m missing from AME pension funds, claim class action lawsuits

(RNS) — Retired pastors from the African Methodist Episcopal Church have filed at least three federal class action lawsuits alleging the church mismanaged tens of millions of dollars in pension funds. Last month, AME leaders stopped making payments to retirees after discovering alleged financial irregularities in the church’s pension fund. …

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Labaton Sucharow LLP files a securities class action lawsuit against Everbridge, Inc.

NEW YORK–(BUSINESS WIRE)–Labaton Sucharow LLP (“Labaton Sucharow”) announces that the April 4, 2022he filed a securities class action lawsuit, captioned Sylebra Capital Partners Master Fund Ltd v Everbridge, Inc., No. 2:22-cv-2249 (ND Cal.) (the “Action”), on behalf of its clients Sylebra Capital Partners Master Fund Ltd, Sylebra Capital Parc Master …

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Arkansas Municipal League deciphers new American Rescue Act funding rules for member cities

The latest round of stimulus payments from the federal government includes a second round of funds for cities and towns in Arkansas, funds that, under finalized rules from the US Treasury Department, can be used to replace lost revenue resulting from the coronavirus pandemic. To ensure city officials have the …

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Switching to an offshore pension for expatriates

Expats enjoying the climate, culture and lifestyle of a new country can get more out of their retirement savings by transferring the money to an offshore pension. Two popular offshore pensions for expats are an international SIPP and a QROPS. Both have different tax and investment rules depending on the …

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New York pension fund to sell Russia Holdings

Tom DiNapoli Sign up for our COVID-19 newsletter to stay up to date with the latest coronavirus news across New York By Jonathan Stempel The New York state public pension fund, one of the largest pension funds in the United States, will divest its stakes in Russian companies following the …

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How the war in Ukraine could affect teachers’ pensions

Ukraine is thousands of miles from the United States, but the deadly month-long conflict there is already affecting the wallets and wallets of US K-12 schools and their employees. Educators and parents are feeling pain at the pumps as the cost of gas per gallon crosses the $5 mark in …

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CalPERS to reassess investment portfolio, divesting from Russia

By Janean Sorrel, March 22, 2022 Following Russia’s invasion of Ukraine, the US and California governments retaliated with economic sanctions in hopes of depriving Russian President Vladimir Putin of economic resources, including millions of dollars in system investments California Public Employees Retirement Plan. On March 8, President Joe Biden announced …

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House panel to examine pension plans for non-unionized workers

Parliament’s Labor Standing Committee, led by veteran Biju Janata Dal leader Bhartruhari Mahtab, has decided to review pension schemes for workers in the unorganized sector. This is in addition to topics such as the functioning of EPFO, with particular reference to the functioning of the EPF pension scheme, which are …

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David McCormick faces scrutiny over investments in teachers’ pension plans

Before entering the Pennsylvania Senate race, David McCormick oversaw a giant hedge fund that invested billions of dollars for the state’s teacher retirement plans. But Mr McCormick’s company, Bridgewater Associates, made such poor profits and charged such high fees that the Pennsylvania Teachers’ Retirement Fund decided to sell its holdings …

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