Fund Management Pension Schemes Seize Bargains On Secondary Market For Private Assets

London, UK – Major pension funds in the UK are capitalizing on significant discounts in the market to acquire real estate and private assets while other retirement funds are selling off less liquid holdings. The Pension Protection Fund (PPF), a £32 billion retirement scheme, and Border to Coast Pensions Partnership, a £60 billion local authority pool, are among the funds taking advantage of opportunities in the secondary market to make profitable investments. PPF recently purchased …

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Voting Rights Act Faces Threats as Federal Court Challenges Private Plaintiffs’ Rights

Little Rock, Arkansas – A federal court decision has raised concerns about the future of a crucial provision of the Voting Rights Act of 1965, a landmark legislation aimed at safeguarding the voting rights of minorities. The ruling revolves around the question of who has the authority to bring forth lawsuits under section 2 of the Act, which prohibits any voting practices that discriminate based on race. For over fifty years, both the Department of …

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Health Care Policy Expert Discusses State Ballot Initiatives and Private Equity in US System

Philadelphia, PA – Allison K. Hoffman, Deputy Dean and law professor at the University of Pennsylvania Carey Law School, recently shared her expertise on the complexities within the U.S. health care system. Hoffman highlighted the significance of federal intervention in expanding access to care, particularly focusing on the need for improved funding for long-term care services both in nursing facilities and at home. She also pointed out the limitations of state ballot initiatives in addressing …

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Calstrs Investment Chief Urges Private Equity to Share the Wealth With Workers and Communities

SACRAMENTO, Calif. – Private equity executives are facing increasing pressure to share their wealth with the workers at the companies they acquire, according to the investment head of Calstrs, one of the world’s largest pension funds. Christopher Ailman, the outgoing investment chief at the $327 billion fund, believes that private equity firms have not adequately distributed their revenues. He argues that while these firms make money for investors, they also need to share their wealth …

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Transformational Change: New Mexico PERA Embracing Private Assets to Strengthen Pensions

Santa Fe, New Mexico – The New Mexico Public Employees Retirement Association (PERA) is undergoing a significant transformation, shifting its focus towards private assets to enhance its financial performance and secure the retirement benefits of its members. In a move to diversify its investment portfolio, PERA aims to allocate a larger portion of its assets to private markets such as real estate, private equity, and infrastructure. This strategic shift comes at a time when traditional …

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Private Equity Pensions in Peril: Trapped Investments Leave Funds Stuck

Dallas, Texas – Public pensions in Dallas, Texas, heavily invested in private equity, are now facing challenges in liquidating their assets due to restrictions in the current market conditions. As the demand for private equity investments continues to grow, the inability to quickly sell these assets has placed pension funds in a difficult position. In recent years, public pensions across the country have been increasingly turning to private equity investments in search of higher returns …

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Pension Fund Giant Snags John Wylie’s Top Private Equity Exec

Sydney, Australia – The chief of private equity at John Wylie & Co has been recruited by a pension fund giant, marking a significant transition in the financial industry. This move signifies a notable shift in leadership and strategy within the investment sector. The departure of the private equity leader from John Wylie & Co showcases the increasing competition for top talent in the industry. This shift signals a potential shakeup within the organization and …

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Chile Congress advances reform of private pension system despite opposition

Santiago, Chile – The lower house of Chile’s Congress has given its provisional approval for a reform of the country’s private pension system, a significant development in the polarized political landscape of Chile. The bill, presented by leftist President Gabriel Boric, received a 84-64 vote, with three abstentions, to move forward with the redesign of the pension system. However, the government’s proposals were later rejected in an article-by-article vote, leaving the fate of the reform …

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Retirement Planning for Workers: Navigating Social Security and Private Accounts

Los Angeles, California: As workers start their careers, the importance of taking control of their retirement planning becomes increasingly emphasized. A significant part of saving for retirement is typically contributed through paycheck deductions to the Social Security Administration, with both the employee and their employer contributing 6.2 percent each. The size of one’s Social Security benefit upon retirement is based on their income over the years of paying into the system and the age at …

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Retirement Success: Colorado Workers Embrace SecureSavings Program and Private 401(k) Plans to Save for the Future

Denver, Colorado – One year after the launch of a unique retirement program in Colorado for workers without employer-sponsored plans, nearly 55,000 workers have embraced the initiative by opening accounts and saving part of their paychecks. Managed by the Colorado State Treasurer, Dave Young, the Colorado SecureSavings program has seen workers stash away over $50 million, with an average of $978 per person. The program has shown promising growth, with an additional 45,000 users in …

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