Pension Management Archives - Page 56 of 113 - Pension Policy International

03FebFebruary 3, 2023

World’s Top Pension Fund GPIF Posts Longest Loss in 20 Years

Japan’s state pension fund, the world’s largest, posted a fourth straight quarterly loss in its longest losing streak in two decades. The Government Pension Investment Fund lost 1% during the quarter ended December, or 1.85 trillion yen ($14 billion), reducing its total assets to 189.9 trillion yen, the fund said in Tokyo Friday. Its Japanese stocks holdings rose 3.2% during the period and domestic debt lost 1.7%. The foreign equities portfolio was down 0.05%, while overseas bonds fell 5.3%. Once a...

February 3, 2023

NewsJapan, Pension Management

01FebFebruary 1, 2023

Norway’s gigantic sovereign wealth fund loses a record $164 billion, citing ‘very unusual’ year

Norway’s sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion Norwegian kroner ($164 billion) for the whole of 2022, citing “very unusual” market conditions. The so-called Government Pension Fund Global, among the world’s largest investors, returned -14.1% last year, which it said was 0.88 percentage points better than the return on its benchmark index. “The market was impacted by war in Europe, high inflation, and rising interest rates. This negatively impacted both the equity market and bond market...

February 1, 2023

NewsInvestement, Norway, Pension Management

31JanJanuary 31, 2023

Push into illiquid assets exposes UK pension savers to higher fees

The UK government will relax rules shielding tens of millions of UK retirement savers from high charges as it aims to channel billions of pounds of pension fund cash into longer-term investments such as start-ups and infrastructure. The government on Monday confirmed plans to exempt performance fees from an annual 0.75 per cent cap on annual charges that can be levied on auto-enrolled pension savers. The cap has long been seen by the industry as a barrier for many “defined...

January 31, 2023

NewsInvestment, Pension Management, UK

30JanJanuary 30, 2023

New York State common allocates 11 Billion alternatives

New York State Common Retirement Fund, Albany, disclosed just over $1.1 billion in new commitments completed in December, a transaction report on its website shows. Within private equity, the $233.2 billion pension fund committed $350 million to Apollo Investment Fund X, a buyout fund managed by Apollo Global Management, and $300 million to Hellman & Friedman Capital Partners XI, also a buyout fund. The pension fund also disclosed two commitments to funds managed by KSL Capital Partners: $300 million to real...

January 30, 2023

NewsInvestment, Pension Management, US

26JanJanuary 26, 2023

US. Cryptocurrency Was Sold To State And Local Pensions As ESG

Senator Katie Muth, a Board Member for the $40 billion Pennsylvania State Employees’ Retirement System (PSERS) will never forget the first meeting of the pension board she attended and the ESG presentation she heard which included cryptocurrency as a solution for the un-banked in African countries. “I was really looking forward to the ESG presentation but was very confused as to how blackbox fake currency could improve the lives of people suffering from economic hardship on the continent. The...

January 26, 2023

NewsCryptocurrency, ESG, Investment, Pension Management, US

25JanJanuary 25, 2023

UK pension schemes search out forestry investments

Nest and Cushon, two UK pension schemes with combined assets of more than £26bn, are in a joint search for asset management partners to develop new forestry investment strategies to address climate change pressures. Both pension schemes believe that allocating money to forestry projects will offset environmentally damaging emissions from other investments and deliver attractive returns as the price of carbon rises to reflect the increasing costs of pollution by human activity. The schemes have set aside an initial £600mn for...

January 25, 2023

NewsClimate crisis, Investment, Pension Management

18JanJanuary 18, 2023

South Africa. PIC refutes government pension fund insolvency claims

The Public Investment Corporation (PIC), which manages over R2 trillion in funds, is refuting claims circulating on social media that the Government Employee Pension Fund (GEPF) is facing insolvency risks, as a result of an alleged £158 billion (R3.3 trillion) legal claim against its portfolio of assets. According to a PIC statement released on Monday, ‘Nedbank Private Wealth’, a Nedbank subsidiary previously affiliated with insurer Old Mutual, is alleged to have engaged in “bad business practices” in the UK and...

January 18, 2023

NewsPension Management, South Africa

16JanJanuary 16, 2023

U.S. funds turn to fixed income for relief

Pension plan execs looking forward to better environment U.S. pension fund executives expect to navigate a recession by the end of 2023, but while the market return environment is set to remain challenging, they see opportunities re-emerging in fixed income. While they are unsure of just how challenging, they are convinced of one thing: a recession almost certainly looms in the coming year. "My crystal ball is a bit cloudy," said Christopher J. Ailman, chief investment officer at the $307.2 billion California...

January 16, 2023

NewsInvestment, Pension Management, US

13JanJanuary 13, 2023

UK Actuary Responds to Work and Pensions Committee Over LDI Issues

The Government Actuary’s Department (GAD) has assisted the Work and Pensions Select Committee with its inquiry into defined benefit pensions with Liability Driven Investments (LDI). The Government Actuary, Martin Clarke, was pleased to share his perspectives on the LDI issue in response to the Committee’s questions. Pensions and investment GAD’s knowledge and involvement with LDI is unique as we work with schemes that use leveraged LDI. We also work with government departments that support the pensions and investment industry. Discussions on the LDI...

January 13, 2023

NewsPension Management, supervision, UK

12JanJanuary 12, 2023

Ghana says debt exchange talks with local pension funds continuing

Ghana's finance ministry on Wednesday said negotiations on the terms of a domestic debt exchange agreement with local pension funds were continuing and that they would be made public once an agreement on the details is reached. Ghana's government, in a bid to mitigate an ongoing economic crisis, has negotiated a staff-level agreement for a $3 billion loan package from the International Monetary Fund (IMF). The deal will only be approved by the IMF board if Ghana undergoes comprehensive debt restructuring,...

January 12, 2023

NewsGhana, Investment, Pension Management

February 2023

World’s Top Pension Fund GPIF Posts Longest Loss in 20 Years

Norway’s gigantic sovereign wealth fund loses a record $164 billion, citing ‘very unusual’ year

January 2023

Push into illiquid assets exposes UK pension savers to higher fees

New York State common allocates 11 Billion alternatives

US. Cryptocurrency Was Sold To State And Local Pensions As ESG

UK pension schemes search out forestry investments

South Africa. PIC refutes government pension fund insolvency claims

U.S. funds turn to fixed income for relief

UK Actuary Responds to Work and Pensions Committee Over LDI Issues

Ghana says debt exchange talks with local pension funds continuing