PENSION FUNDS
Alecta recorded a 3.9% return in the first quarter despite losses from U.S. bank exposures.
The LGPS board will examine the structure of U.K. local authority pension funds to prevent some employees from being excluded.
CalPERS earned 3.3% for the fiscal year to date March 31, an annualized 6.9% for 10 years and 7.5% for the 20 years ended the same date.
Caisse de Depot et Placement du Quebec highlighted its progress reaching net zero by 2050, citing a 161% increase in its low-carbon assets since 2017.
The overall estimated funding ratio of the 100 largest U.S. public pension plans improved to 74.5% as of March 31, from 73.6% a month earlier.
Memphis Light, Gas & Water Division launched a shortlist search for a core fixed-income manager to run about $48 million.
David Russell, head of responsible investment at Universities Superannuation Scheme, is leaving the pension fund after 22 years.
Torben Moger Pedersen will step down as CEO of PensionDanmark on Oct. 1.
Ingrid Albinsson, deputy CEO and CIO of AP7, will step down on July 31.
The Kensington and Chelsea Pension Fund will remain in its pool, London CIV, following an agreement on governance and cost improvements.
