Pension Funds

Bull Market Can Last Another Two Years, According To Wisconsin Pension Fund

“This is a very good time to be allocating to active investment strategies due to very low bond yields,” says David Villa, the 63-year-old chief investment officer of the $118 billion State of Wisconsin Investment Board, one of the two state pension funds in the nation that is fully funded. “People …

Finance

Divesting from private prison companies

The purpose of the state pension fund is to make investments and earn money to cover the costs of retiree's pensions. It is run by a politician - the …

Buffalo

Looks like time’s up for New Jersey’s pension fund

When Phil Murphy becomes New Jersey’s 56th governor on Tuesday, he’ll face a stark choice: Ship all new tax dollars to the state pension fund and …

Opinion

Europe’s largest pension fund to drop tobacco and nuclear weapons investments

Europe’s biggest pension fund, ABP of the Netherlands, plans to ax tobacco and nuclear weapons from its investment portfolio.<p>The €405bn scheme joins …

Tobacco

Giant pension fund ditches tobacco; secret service has foiled 3/4 terror attacks; Jurassic Park had moths

Dutch civil service pension fund ABP, one of the biggest pension funds in world, is to phase out all investments... More ><p>The US and other foreign …

Netherlands

New York unveils plans for fossil fuel divestment

NEW YORK: New York announced plans on Wednesday (Jan 10) to sell off US$5 billion in fossil fuel investments from city pension funds after suing for …

Climate

New county employees will soon earn lower retirement benefits

In 2002, when government coffers were flush, San Diego County supervisors voted themselves and other employees a 50 percent increase to their …

Retirement

Panda Temple counters 3M pension fund's objection to reorg plan

A pension fund for employees of conglomerate 3M Co should not be allowed to stymie the Chapter 11 restructuring plan of Panda Temple Power LLC, lenders to the bankrupt power plant operator said on Thursday.<p>Rather, the 3M Employee Retirement Income Plan Trust should be held to a settlement it agreed …

Law

Chequered past haunts new chair of multibillion rand pension fund

The Financial Services Board (FSB) has placed the control of the multibillion rand pension and beneficiary funds in the hands of, among others, a …

Corruption

Kazakhstan may merge oil, pension funds: president

ALMATY (Reuters) - Kazakhstan may merge its $23 billion state pension fund with the $57 billion oil fund in order to streamline their management, President Nursultan Nazarbayev said on Monday.<p>The oil-rich Central Asian nation hires foreigners to manage most of its oil fund assets and the addition …

Philanthropy

Japanese pension fund to shoulder costs of BOJ's negative rate: Nikkei

TOKYO (Reuters) - Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, has decided to shoulder the costs charged on …

World Economy

MPs want to change the world. So why can’t we do so when it comes to our own money?

MPs’ pensions are invested in fossil fuel companies, tobacco giants and companies using tax havens.<p>MPs have the profound responsibility to set the …

Climate

Kroger works out deal with Teamsters

Kroger (NYSE:KR) announces the ratification of a new labor agreement with the International Brotherhood of Teamsters that provides for its withdrawal …

Business

Swedish pension fund backs card reading startup iZettle in €40 million round

• <b>iZettle raises €40 million from VC firm Dawn and The Fourth Swedish National Pension Fund.</b>• <b><br>iZettle makes card readers for small businesses.</b>• <b><br>Swedish company says funding will "accelerate our ambitious growth plan."</b><p>LONDON — Swedish card reading startup iZettle has raised €40 million (£35.2 million) to …

Business

Corbyn backs call for MPs’ pension fund to divest fossil fuels

Jeremy Corbyn and John McDonnell are joining a campaign for the £612m parliamentary pension fund to drop its investments in fossil fuels, …

Climate

Five councils back Hearthstone’s PRS fund with £100m

Derbyshire Pension Fund, Nottinghamshire Local Government Pension Fund, Staffordshire Pension Fund, Teesside Pension Fund and West Midlands Pension …

Commercial Real Estate

Molefe’s R30m pension was unlawful, must be paid back – DA

“He told the whole nation and the minister [Public Enterprises … Minister Lynne Brown] that he was departing because there was a cloud over his head. …

News (South Africa)

You Know It's Late In The Cycle When The Yield Curve Starts Generating Headlines

The yield curve is one of those indicators that most people have heard of but few can explain. In part this is because it's usually a non-issue, only …

Economy

Central banks and pension funds are rarely boring

When he was governor of the Bank of England, Mervyn King liked to say that central banking should be boring. The accounts of the bank’s £4.4bn …

Finance

Greying China Bolsters Support for Pension Fund

A pilot program for state-owned enterprises (SOEs) to transfer a portion of their shares to the national pension fund is China’s latest attempt to …

News (China)

New pension scheme to fill gap

Photo: VCG<p>China's latest pilot program of transferring State-owned assets into the pension fund will help tackle the pension gap nationwide, and is …

News (China)

He said there was no iota of truth in reports that he was paid N5b monthly from the money.

Former President Goodluck Jonathan has said he did not receive any money from the controversial pension fund.<p>He said there was no iota of truth in …

Citizen Journalism

CommerceBlock Announces Partnership with CG Blockchain

CommerceBlock is proud to announce the beginning of its fruitful partnership with CG Blockchain. As a part of this partnership, the blockchain …

Bitcoin

Machines Will Do Shady Things in the Markets Too

And they'll have fewer pangs of guilt than people.<p>A useful way to think about modern electronic market structure is that in the olden days humans traded stocks and options, making markets based on gut instinct, and then those humans were replaced by computers that used algorithms that largely …

Finance

News Highlights: Top Global Markets News of the Day

U.S. Tax Concerns Ripple Through Global Markets<p>U.S. stocks remained under pressure, on track for their first week of declines since September. The Dow industrials slipped 0.2%.<p>Consumer Sentiment Dips in Early November<p>The University of Michigan's index of U.S. consumer sentiment dipped in early …

Markets

Gwent-wide pension fund invested £245million into fossil fuel companies, campaigners claim

MILLIONS of pounds from a Gwent pension fund have been invested into companies producing fossil fuels, according to new data from environmental …

News (Wales)

EU mergers and takeovers (Nov 8)

BRUSSELS, Nov 8 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:<p>APPROVALS …

Private Equity

Westminster pension fund holds offshore investments

The pension fund of Britain’s MPs has £6.6m invested through an offshore unit trust in Jersey, according to its accounts, an awkward revelation for …

Fraud

Who should bear the brunt of changes to PERA pension fund? (3 letters)

David Zalubowski, Associated Press fileGov. John Hickenlooper’s state budget proposal for 2018-19 calls for retirees and current public employees to …

John Hickenlooper

New scam targets CalPERS retirees

Watch out, CalPERS retirees. A phone call that appears to come from the state’s largest public pension fund might in fact be from a scam artist.<p>The …

Retirement