The MMGPI ranks the Netherlands and Denmark as the top retirement systems. Yes, their benefit provisions are great, but there's a lot more to it.
The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week.
A Welsh local authority has voted to divest its local government pension scheme (LGPS) from fossil fuels as it moves towards more sustainable investments.
Washington Sen. Patty Murray blames Republicans for holding up the retirement savings package that includes pension relief for local newspapers. (Caroline Brehman/CQ Roll Call) Local newspapers serving communities from Tampa, Florida, to Walla Walla, Washington, say they're under the gun from a pension funding "cliff" they face next year that will make them have to rapidly catch up on required contributions, exacerbating their well-documented financial decline.
A pensions manager plans to use Sh600 million to purchase a developed commercial property eyeing rental income. : A pensions manager plans to use Sh600 million to purchase a developed commercial property eyeing rental income. GenAfrica Asset Managers acting on behalf of an unnamed pensions scheme said property owners were at liberty to offer properties for sale with the purchase price limited to Sh600 million. "Our client (name withheld) is interested in buying a rental real estate asset limited to a purchase price of Sh600 million.
Back in 2012, the world's best-managed pension market was thrown a lifeline by the Danish government to help contain liabilities. Seven years later, with rates now well below zero, even Denmark's $440 billion pension system says the environment has become so punishing that it may be time for a change in European rules.
The allocation to the CVC vehicle was part of commitments totalling $1.6 billion by OPERF to private equity and alternative investment funds. The post US pension fund commits $150m to CVC Capital's fifth Asia fund appeared first on DealStreetAsia.
Bird, a leading micro-mobility company founded in 2017, has just completed a $275 million Series D round of venture capital funding with CDPQ and Sequoia Capital leading the round. This announcement by Bird CEO and founder Travis VanderZanden occurred on October 3 at TechCrunch Disrupt San Francisco. Bird's pre-money valuation now sits at $2.5 billion. read more.
The $208bn New York City Retirement Systems has hired two experienced private equity executives from Ilmarinen and AFP Capital. Not yet registered? Join today to access Private Equity International's industry insights and updates.
It hosted World War II troops and the Rolling Stones. Retro rides and a roller disco. There was even a public campaign to turn it into a heritage site. But it's the dealings of a veteran hedge fund manager that's drawing new attention to Britain's oldest surviving amusement park. Nick Niell, the man behind Arrowgrass Capital Partners, was snapping up properties worth millions of pounds around the Dreamland resort in the seaside town of Margate just as his hedge fund was pouring client money into an effort to revitalize the attraction.