Sudhir Rajkumar will succeed Carolyn Boykin as chief investment officer of the United Nations Joint Staff Pension Fund. Trusted Insight accurately named Rajkumar as one of the top 10 candidates to fill the position.
The $60 billion United Nations Joint Staff Pension Fund is accepting nominations for a new chief investment officer, and Trusted Insight created a shortlist of 10 highly qualified candidates poised to assume (or maintain) the role.
What This Corporate DB Plan Invests In To Hit Funding And Return Goals | Exclusive Q&A With Erik Carleton Of Textron
Erik Carleton is a director of pension investments at Textron Inc., a $13.4 billion-revenue industrial conglomerate. Carleton manages the global fixed income and public equity investments of the Textron Defined Benefit Plan. He is in charge of the manager selection within public equities, fixed income, currencies and derivatives. Like many institutional portfolios, Textron’s defined benefit plan underwent a transition from investing heavily in index equities and fixed income to investing in actively-managed funds. In this interview, Carleton discusses Textron’s shift in its investing strategy, how he selects fund managers and the challenges facing corporate pension investors currently. Mr. Carleton was recently named on Trusted Insight’s 2017 Top 30 Corporate Investment Office Rising Stars.
Our data revealed that, while defined benefit plans are still dominant in both volume of mentions and project opportunities by state and local agencies, defined contribution mentions and opportunities are exhibiting far higher growth rates, indicating the evaluation and adoption of DC plans is becoming more widespread across our nation's government agencies.
New standard seems to indicate than more than 8 fund choices is still overwhelming to the majority of plan participants. Both the DCRP and the 457 currently have close to 20 options.
Illinois State Board of Investment, Chicago, hired Courtland Partners as a real estate consultant, said William R. Atwood, executive director....
National Conference on Public Employee Retirement Systems (NCPERS) is the largest trade association for public sector pension funds, representing more than 550 funds in the United States and Canada. It is a non-profit network of trustees, administrators, public officials and investment professionals who collectively manage nearly $3 trillion in pension assets held in trust for approximately 21 million public employees and retirees -- including firefighters, law enforcement officers, teachers, and other public servants. The theme of this year's annual meeting was "Unifying in a Changing Environment." Approximately 650 NCPERS members participated. Members attend seminars educating them on the newest advances in managing public sector pension plans, including funding, financial services, legislation, and regulation.