Table of Contents

Issue Date: Monday, September 4, 2017

News

Illinois Teachers looks to put up to $2.1 billion in alts

Illinois Teachers sets its fiscal year 2018 alternative investment plans, approving up to $2.1 billion for private equity and real estate.

PBGC looking to partitions for relief

PBGC looking to partitions for relief

The first multiemployer fund approved for a two-pronged rescue plan of benefit cuts and partitioning offers a map for other struggling funds.

Managers assess Harvey's aftermath

Managers assess Harvey’s aftermath

Hurricane Harvey is helping to shine a light on the risk the increased incidence of extreme weather is posing on investments.

Quebec slow to move on provincial fund enhancement

A year after Canada got the go-ahead for enhancement of the nation's retirement system, no decision has been made on changes to Quebec's plan.

Brexit putting investments in stark light

Brexit putting investments in stark light

The U.K.'s Brexit vote is affecting how some institutional investors are thinking through their allocations and investment tenets regarding the region.

Private credit managers go far and wide for expertise

Private credit managers go far and wide for expertise

Private credit firms are on a hiring spree in search of those with experience in direct lending, loan origination, structured credit and more.

Some private equity managers looking for firms ready to move to SaaS model

Some firms are breaking from the SaaS-hungry pack and investing in companies that don't yet have a subscription model.

Corporate governance tailwind not lifting Japanese stocks

Corporate governance tailwind not lifting Japanese stocks

Positive earnings surprises, relatively low valuations and stellar GDP growth have yet to ignite a Japanese stock market rally this year.

Deadline for P&I’s 2018 Eddy Awards is drawing nearer

Plan sponsors and service providers have until Oct. 6 to submit entries for Pensions & Investments' 2018 Eddy Awards.

Recurring-revenue companies the new darling for private equity firms, investors

Recurring-revenue companies the new darling for private equity firms, investors

Venture capital and private equity managers love subscriptions, but there are pitfalls investing in companies with recurring-fee models.

Lack of education cited in low takeup of Roth plan option

Lack of education cited in low takeup of Roth plan option

Many retirement savers aren't taking advantage of a Roth feature in DC plans, even though more sponsors are offering one.

Vanguard zooms past $3 trillion mark

Vanguard zooms past $3 trillion mark

Vanguard Group Inc. has topped $3 trillion in worldwide institutional assets under management, less than two years after reaching $2 trillion.

Academics, quants don't agree on volatility claims

Academics, quants don’t agree on volatility claims

Academics and quant managers have different opinions on whether exchange-traded funds increase or reduce volatility.

Houston funds, managers stay cool after storm

Houston funds, managers stay cool after storm

Hurricane Harvey left Houston plan sponsors and money managers scrambling to implement closures and disaster recovery plans.

Participants urged to tout the benefits of DB plans

Participants urged to tout the benefits of DB plans

Executives at Ontario-based public pension plans are enlisting their participants to talk up defined benefit plans to friends and neighbors.

Special Report

P&I/Willis Towers Watson Megafunds 2017

Pensions & Investments' annual look at trends among the world's 300 largest retirement funds.

Online

Frontlines

Editorial

Buyouts could be a win-win

Buyouts could be a win-win

Managing pension assets and liabilities is a distraction for most companies – and minimizing that distraction can improve corporate efficiency.

Not every worker is offered a choice

Not every worker is offered a choice

Most private-sector employees likely also would choose a DB option over defined contribution plans, but what choice do they have?

Letters to the Editor

Tradewatch