US- The California State Teachers' Retirement System (CalSTRS) board has reportedly considered a staff recommendation to appoint an external firm to provide a quantitative risk management analysis of the fund's investment portfolio.
It is believed investment staff at the US$167.77bn fund felt that although the fund had the ability to monitor the sector and industry concentrations of the portfolio by each asset class, there was still not a good way of viewing the portfolio’s overall sector and industry concentrations.
The CalSTRS board is expected to consider the issue at a meeting on June 6 2007.
Global Pensions recently reportedly how the California State Teachers' Retirement System has enlisted Barra Analytics to help it select and monitor external equity managers.
CalSTRS said Barra Analytics would analyse the risk and performance of their external managers and perform due diligence on any new managers being hired.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.