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...
Multi-asset managers are increasing their cash holdings amid fears of a Greek exit from the eurozone.
Plunging equity markets have wiped out all gains made by pension schemes from balanced pooled funds in the last year, BNY Mellon figures show.
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 - 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...
US - The California State Teachers' Retirement System (CalSTRS) has adopted a policy which puts pressure on company management teams to disclose their political contributions.