US - The Indianapolis-based Public Employees' Retirement Fund (PERF) has seen its assets grow US$1.3bn over the last year.
In the tax year ending 30 June, 2006, PERF's assets under management grew to $14.6bn and its investments delivered a return of 10.4%, beating both the benchmark of of 9% and the targeted actuarial rate of return of 7.25%.
PERF executive director, David Adams, said that the 2006 results corresponded to a long term strategy to "manage risk through responsible diversification of the fund's investments."
Commenting on the results, Doug Kryscio, principal at Mercer Investment Consulting said: "PERF's growth in assets under management demonstrates the strong overall health of the plan. Their investment performance stands up well in comparison to many public pension plans in the nation."
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers