Tag Archives: pension funds

But who owns the money that evaporated when JP Morgan, BlackRock, Pimco, Calpers and others are reporting huge losses on Russian assets?

OPM = Other People’s Money — namely US and European retail investors and pension recipients. By Wolf Richter for WOLF STREET. The Central Bank of Russia, which had closed the Moscow Stock Exchange on February 25, said over the weekend that the Exchange would remain closed until March 18 for …

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San Francisco and Chicago Teachers Join March for Divestment in Russia

The pension fund’s direct exposure to Russian markets is about $3.2 million, according to a presentation included in board meeting documents. “This decision comes in response to the unprovoked Russian military invasion of Ukraine, resulting in the deaths of innocent civilians,” the system said in a press release. “The actions …

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Authorities are calling for teachers’ pension funds to be handed over to Russia in protest against the war in Ukraine. It may not be so easy

register here for The 74’s daily newsletter. Donate here to support The 74’s independent journalism. Less than two weeks into Russia’s war in Ukraine, the geopolitical ripples of the conflict are heading in unexpected directions. Some are even felt by active and retired teachers, via their pension funds. Many public …

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Pennsylvania school’s pension fund to divest millions of Russian assets

Checking for invasive plant species in your gardenAn expert has tips for spotting invasive plants. 19 minutes ago Landslide closes road in White OakA landslide forced a road in White Oak to close. 21 minutes ago Pennsylvania school pension fund to sell Russian assetsKDKA financial editor Jon Delano was the …

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New CalPERS CIO sees the future with less PE costs, more control

(Picture; Shutterstock) (Bloomberg) — Nicole Musicco had a bold pitch: Cut out the private equity giants and do the work yourself. Musicco, 47, landed one of the biggest investing jobs this week, becoming chief investment officer of California’s $500 billion public employee retirement system. Musicco, who spent more than 16 …

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Is Abbott Investing Texas Taxpayer Money in Chinese Companies?

GOP Texas Governor Greg Abbott has called China a hostile nation. It is accused her to “cause disaster” from the COVID-19 pandemic. That’s the claim of Don Huffines, one of the Republican gubernatorial candidates challenging Abbott in the state’s March 1 primary. “Under Greg Abbott’s leadership, Texas is pumping taxpayer …

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Northern Trust helps AMF become one of the first occupational pension providers in Sweden under the European IORP II Directive

STOCKHOLM–(BUSINESS WIRE)–Northern Trust (Nasdaq: NTRS) is pleased to have supported AMF Tjänstepension AB (formerly AMF Pensionsförsäkring AB) on its transformational journey to become one of the first occupational pension providers in Sweden under the European Pension Institutions (IORP) Directive II. IRP II aims to improve the governance and reporting standards …

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Allianz records $4.2 billion hit in investment fund deal, says more may come

The problem cast a shadow over the company Expects settlement with major investors shortly Discussions with other investors, DOJ, SEC ongoing Expects other expenses related to the case Provision leads to a loss in the fourth quarter FRANKFURT, Feb 17 (Reuters) – German insurer and asset manager Allianz (ALVG.DE) said …

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Blackstone deal values ​​European warehouses at $24 billion

Blackstone is recapitalizing its European last-mile logistics company, in what will be the largest private real estate transaction ever in the region. Existing investors in Mileway, a company that owns urban warehouses designed to reduce delivery times for food and goods, have agreed to a deal that values ​​the company …

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APG in talks with Festina Finance for an administration contract | News

Dutch pension provider APG is in exclusive negotiations with the Danish sponsor to provide a new defined contribution (DC) pension administration system that it can use for the new pension contract. Until now, APG used an administration system developed in-house for its two main pension fund clients, ABP and BpfBouw. …

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Government sets 5% target for LGPS investment in local areas – Investment

Pension schemes have been seen in recent years as a response to UK investment in infrastructure and renewable energy. LGPS funds currently invest extensively in UK and global infrastructure through the eight LGPS asset pools. The UK’s race to the top is seen as a key policy area for the …

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Europe will lead in regulating sustainable finance, report says

Regulation of sustainable finance will expand in all regions of the world, with Europe remaining in the lead, according to a report published Friday by ISS ESG. The report of the responsible investment division of Institutional Shareholder Services, The depth and breadth of regulatory initiatives in the regions, looks at …

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West Virginia drops BlackRock fund over anti-energy stance

Charlie Gasparino Speaks on ‘Cavuto: Coast to Coast’ as BlackRock China Investment Fuels Questions West Virginia State Treasurer Riley Moore announced on Monday that his state will end the use of an investment fund BlackRock Inc. due to the company’s efforts for investment strategies. climate-focused projects that Moore says threaten …

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Universal retirement in digital Bangladesh

Every nation faces the challenge of providing its citizens with income security before retirement. Without adequate retirement income, older people fall into poverty and reduce their consumption, becoming a drain on governments and their families. Bangladesh needs a comprehensive pension framework to ensure that today’s young and dynamic population does …

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Live News: Record turnout marks pro-Beijing Hong Kong camp’s election victory

Kaisa shares tumble after financial adviser appointed to help with debt restructuring William Langley in Hong Kong Shares of Kaisa, the Chinese developer who failed to make a bond payment of $ 400 million, fell on Monday after the company revealed it had appointed a financial advisor to assess how …

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TruAmerica Closes First Discretionary Fund with $ 575 Million in Equity

TruAmerica buys value-added sites like Concord Apartments in Raleigh, NC Century City-based real estate firm TruAmerica Multifamily closed its first discretionary fund with $ 575 million in equity commitments. This exceeds the target of $ 400 million set for the TruAmerica Workforce Housing Fund.TruAmerica frequently uses joint venture partners, but …

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USS makes Thames Water its biggest stake

The Universities Superannuation Scheme in London increased its stake in Thames Water, making it the pension fund’s largest investment of £ 82.2 billion ($ 109.5 billion). USS announced the additional 8.8% stake purchased from Wren House Infrastructure Management on December 3. Thames Water is the UK’s largest water and wastewater …

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Municipal employee pension fund commits to zero net emissions by 2050

Breadcrumb Links New Local News Author of the article: Brigide Goulem Release date : November 29, 2021 • 19 minutes ago • 3 minutes to read Content of the article The Ontario Municipal Employees Retirement System, Kingston’s municipal employee pension plan, pledged this week to achieve net zero emissions by …

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Italy’s Nextalia raises $ 635 million in first close of new private equity fund

LONDON, Nov.26 (Reuters) – Italian asset management firm Nextalia has raised more than 500 million euros ($ 564.5 million) in the first close of its new private equity fund focused on mid-market transactions in the third largest economy in the euro zone. Nextalia, led by former Mediobanca banker Francesco Canzonieri, …

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Canada bounces back on foreign transactions | White & Case LLP

Canadian traders bet on major overseas purchases as market confidence returns Canadian traders have become a major presence beyond their borders, completing a total of 361 outbound trades with a total value of US $ 117.3 billion in the first three quarters of 2021. This trade value has already more …

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R44.9 billion of unclaimed South African pension funds ‘unclaimable’, according to unsuccessful beneficiaries

(Getty Images) South Africa currently has R44.9 billion in unclaimed pension funds. Business Insider South Africa asked potential grantees to tell us about their experiences with claiming such money and what they plan to do with the money. They didn’t point out an easy process. Some need money to pay …

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South Korean pension fund to invest in Bitcoin ETF: report

South Korea’s public pension fund, the Korean Teachers’ Credit Union (KTCU), is reportedly seeking exposure to Bitcoin (BTC) through a crypto exchange-traded fund (ETF). KTCU, one of South Korea’s largest institutional investors, plans to invest in a pure Bitcoin ETF or Bitcoin-linked ETFs in the first half of 2022, according …

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Government wants pension funds to help level

23 October 2021 ECOMING BY THE standards of OECD, a club of predominantly rich countries, Great Britain has a nest egg. In 2020, the organization’s pensions report valued the country’s prize pool at $ 3.6 billion, just behind America out of 37 members. Much of that is earmarked for workers …

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Oak and Sigma Pensions lead Nigerian pension fund administrators in Q3 2021 – Nairametrics

The Nigerian pension fund industry has become more competitive in recent times as individuals can now easily switch from one ATP to another. In the recent sector analysis, carried out by Nairametrics Research, the 20 PFAs with available data printed an average return on investment of 2.57% in the third …

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COP26 climate summit: why Scottish pension funds have never had a better time to commit to net zero carbon emissions – Natalie Jackson

Pressure is mounting on investors to stop funding companies whose operations produce significant carbon emissions (Photo: Justin Tallis / AFP via Getty Images) In response to the climate emergency, many cities, regions, businesses and investors are pledging to achieve net zero by 2050 at the latest. Nicola Sturgeon declared a …

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Blair pension fund improves | News, Sports, Jobs

HOLLIDAYSBURG – The latest report on the Underfunded Blair County Pension Plan shows significant improvement and no projection of the cash strapped plan. “We are on the road to full solvency” County pension board chairman Bruce Erb told other board members on Wednesday before tempering his statement with: “We are …

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Pa by SEC. A survey of school pension funds examines gifts and travel from staff at Wall Street companies. Spotlight Pa

Featured sound system Is an independent, non-partisan newsroom operated by The Philadelphia Inquirer in partnership with PennLive / The Patriot-News, TribLIVE / Pittsburgh Tribune-Review and WITF Public Media. Subscribe to our free newsletter.. Harrisburg, PA – The United States Securities and Exchange Commission has expanded federal oversight of Pennsylvania’s massive …

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Tata Asset and Max Life Insurance obtain authorization to set up pension funds

Tata Asset Management and Max Life Insurance Co recently received a green light from the pension sector regulator to create pension fund managers, PFRDA chairman Supratim Bandyopadhyay said on Friday. “We had received two (proposals) … our board approved both. It will take them about six months to set up …

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Warwick pension fund investments up 31.8% for the year

By JOHN HOWELL In what is considered the biggest year-over-year gain since their inception, the city’s four pension funds collectively appreciated by $ 130.1 million, a whopping 31.8 percent, to the year ending June 30, 2021. As of June 2020, the funds had a total value of $ 508.1 million. …

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The pension fund will bring 180 employees to i9

X Sign up for free to receive the latest news straight to your inbox Register now The West Midlands Pension Fund has become the latest organization to become a tenant in the city’s new i9 development. This means that the Class A complex’s offices were almost fully let in just …

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Paying retirement benefits in the event of death is complicated

WORDS ABOUT WEALTH A recent article on Personal Finance, “Your retirement benefits are separate from your estate and not covered by a will,” received a large number of views, suggesting that this is a fact about savings in retirement funds that many people ignore. Shameer Chothia, senior consultant at Momentum …

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Hedge funds continue to enter credit, but there are signs of slowing

Credit continues to be a lure for hedge funds. Credit accounted for 14% of all hedge fund strategies in 2020, up from 12% in 2019, the highest growth rate on record, according to Preqin. Pension funds and private sector foundations are among the largest recipients of these funds. Sam Monfared, …

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German pension funds often opt for Masterfonds mandates | New

According to Clemens Schuerhoff, managing director of consulting firm Kommalpha, pension fund allocations to Spezialfonds are mostly managed – estimated at 75-80% – in the form of Masterfonds mandates. Official figures on the allocation in Masterfonds vehicles by pension funds remain unpublished, Schuerhof told IPE, but Kommalpha has been able …

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After rejecting fourth union-backed contract, thousands of Washington state carpenters strike

An estimated 2,000 carpenters in Seattle and across Washington state began their first strike Thursday in nearly two decades after rejecting the fourth proposed contract accepted by the United Brotherhood of Carpenters and Joiners of America (UBC). Grassroots carpenters are seeking to extend their strike to other construction sites, where …

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Unpaid pension contributions reach $ 3 billion

The Chronicle Business journalistThe Insurance and Pensions Commission (IPEC) has threatened to expose the delinquent pension funds, fearing that unpaid pension contributions may have reached $ 3.05 billion in the first half of 2021. In a statement marking the commemorations of International Retirement Awareness Day, celebrated annually on September 15, …

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Pension funds can fill infrastructure financing gaps

Sunday mail Tawanda Musarurwa For some time now, pension funds in Zimbabwe have struggled to find investment assets that consistently and steadily increase their members’ mutual funds. But maybe the assets these funds were looking for were hiding in plain sight. A 2013 World Bank report titled “Zimbabwe’s Infrastructure: A …

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PennantPark Appoints Pete Mitchell as Managing Director,

NEW YORK, Aug.25, 2021 (GLOBE NEWSWIRE) – PennantPark Investment Advisers, LLC, a leading middle market credit platform, today announced that Pete Mitchell has joined the company as Managing Director, responsible for private fundraising. Mitchell will lead private vehicle fundraising at PennantPark as the company continues to expand its private credit …

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DIY strategies are a “better and cheaper way” to make ESG investments – DB & Derisking

A combination of digitalization of the investment management industry value chain, central environmental, social and governance factors and the need for investors to customize their index strategies has created the perfect storm for asset owners. . Daniel Leveau, head of investor solutions at Sigtech, said new exchange-traded fund index products …

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Vesttoo raises $ 6 million Series A to promote growth of multibillion-dollar insurance program

TEL AVIV, Israel, August 9, 2021 / PRNewswire / – Vest, one of the world’s leading alternative reinsurance and investment platforms, announces it has raised $ 6 million in a Series A round of funding led by Hanaco companies. The round is part of Hanaco’s broader investment strategy in Vesttoo, …

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Biden administration to launch Trump-era African-American trade and investment initiative

US President Joe Biden chats with South African President Cyril Ramaphosa as they arrive for a working session at the G7 summit in Carbis Bay, Cornwall, Britain June 12, 2021. Photo: Leon Neal / Getty Images US President Joe Biden chats with South African President Cyril Ramaphosa as they arrive …

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New York pension fund warns Unilever about ban on sale of Ben & Jerry’s

The main pension fund for employees and retirees of the State of New York State on Friday warned the parent company of Ben & Jerry, Unilever, that it could restrict its investments in the company because of the decision of the ice cream maker to stop sales in the territories …

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The Day – Retirement prospects are improving, at least a little

In 2014, The Day published a series of stories that revealed the severity of the pension crisis facing Connecticut. For decades, the state’s elected leaders had negotiated employment contracts with state employees, committing Connecticut taxpayers to providing generous pensions and health benefits, but had not set aside the benefits. funds …

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Additional retirement payments mean savings now – and later

pazniokas brand :: ctmirror.org Controller Kevin P. Lembo While Connecticut wrote off $ 1.25 billion of its massive long-term retirement debt this month, it still has decades to cover the rest – nearly $ 40 billion. But the only advantage will be felt right away. The additional payment frees up …

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GLIL Infrastructure invests £ 150million in Flexion Energy, a joint venture with ion Ventures to evolve UK energy storage infrastructure and support UK transition to net zero

LONDON–(COMMERCIAL THREAD) – Flexion Energy, the modern utility and energy storage infrastructure specialist, today announces that it has received £ 150million investment from GLIL Infrastructure. Flexion intends to develop, build, own and operate energy storage systems in the UK, in particular large scale batteries connected to and maintaining the electricity …

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Major Canadian Pension Plans Enter Private Markets

The Ontario Teachers’ Pension Plan braces for another C $ 70 billion surge in private markets, covering assets ranging from infrastructure to real estate, as one of the world’s largest plans retirement world tries to escape the punitive effect of low interest rates. The C $ 221 billion plan, which …

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Chilean economy grows 18.1% thanks to pension withdrawals and state emergency funding – MercoPress

Chilean economy grows 18.1% thanks to pension withdrawals and emergency funding from the state Friday, July 2, 2021 – 09:20 UTC “We have returned to the level of activity that we had in February 2020,” explained Marcel. The Central Bank of Chile on Thursday announced economic growth of 18.1% in …

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