Pension funding increases
US - The stock market rally in April drove a 1.5% improvement in the funded status of the typical US pension plan, according to BNY Mellon Asset Management.
BNY Mellon said the assets of the typical pension plan increased 3%, to more than offset the 1.5% rise in liabilities. For the year to date, the funded status of the typical US pension plan has declined...
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Multi-asset managers increase cash holdings over Grexit fears
Multi-asset managers are increasing their cash holdings amid fears of a Greek exit from the eurozone.
Balanced pooled funds hit by falling equity markets.
Plunging equity markets have wiped out all gains made by pension schemes from balanced pooled funds in the last year, BNY Mellon figures show.
TRS hands $6bn to KKR and Apollo, grows strategic partners programme
US - The Teacher Retirement System of Texas has agreed to issue $6bn combined to Kohlberg Kravis Roberts and Apollo Global Management expanding its strategic partnership programme to the private markets.
US investors returns negative in Q3
US - All US institutional investors performed negatively in the third quarter of 2011 with the median public, corporate and multi-employer funds down 8.94%, 7.94% and 9.03% respectively, Wilshire Trust Universe Comparison Service (Wilshire TUCS) results...
CalSTRS policy calls for political transparency
US - The California State Teachers' Retirement System (CalSTRS) has adopted a policy which puts pressure on company management teams to disclose their political contributions.
