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Pensions

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  • Pension funds making the wrong private equity bets Wednesday, 3 Dec 2014 | 11:22 AM ET
    A sign for the Carlyle Group, a private equity firm, in Washington, DC.

    Pension funds, are committing a greater share of their money to the largest and most diversified private equity fund managers. The FT reports.

  • Santelli Exchange: PBGC insurance program  Tuesday, 2 Dec 2014 | 11:45 AM ET

    CNBC's Rick Santelli discusses the issues with the Pension Benefit Guaranty Corp. agency.

  • Paul Singer: Big pension 'off base' to ax hedgies Tuesday, 18 Nov 2014 | 10:31 AM ET
    Elliott Management founder and CEO Paul Singer speaks during the SkyBridge Alternatives conference in Las Vegas, May 9, 2012.

    Billionaire investor Paul Singer has a message for California Public Employees' Retirement System: Dumping your hedge funds makes no sense.

  • Pension funds will increase risk: Pro  Monday, 17 Nov 2014 | 3:30 AM ET

    Ian Hamilton, head of asset owners at State Street, says pension funds will increase their risk in a low interest rate environment.

  • Cuts in military mean job losses for career staff Thursday, 13 Nov 2014 | 12:21 PM ET
    Army Capt. Elder Saintjuste stands in his neighborhood near Fort Bragg in Hope Mills, N.C., Oct. 28, 2014. On the day he reached his 20 years, the Army told Saintjuste that as part of the post-war downsizing of the force, he would have to retire, and that he would have to retire as a sergeant, because he had not been a captain long enough.

    The Army is decreasing the number of officers, who risk facing lowered pensions that can lead to financial instability, reports the New York Times.

  • The pro-reform camp drew in more than $1.4 million in contributions, with more than $1 million coming from Arnold, according to the Arizona Republic newspaper. Pension costs and debt were significant factors in the bankruptcies of Detroit, and of Stockton and San Bernardino in California, where bankruptcy judges have said public pensions are no longer...

  • Judge rules against Calpers in Stockton bankruptcy Wednesday, 1 Oct 2014 | 5:53 PM ET
    A pedestrian walks by a newspaper rack displaying the headline 'Bankrupt!' last summer in Stockton, Calif.

    The U.S. bankruptcy judge overseeing Stockton, California's municipal bankruptcy trial ruled that Calpers could be forced to absorb losses.

  • US public pensions' investment gains grow in Q2 Wednesday, 1 Oct 2014 | 7:08 AM ET
    Signage stands outside the offices of the California Public Employees' Retirement System (Calpers) in Sacramento, California.

    U.S. public pension funds earned $129.4 billion in the second quarter, a nearly 77 percent increase over the prior quarter's modest gains.

  • Way to play Pimco holdings  Friday, 26 Sep 2014 | 1:08 PM ET

    Discussing the way to play the departure of Bill Gross from Pimco, with Jim Iuorio, TJM Institutional Services, and Jeff Kilburg, KKM Financial.

  • Beyond management turmoil at Pimco  Friday, 26 Sep 2014 | 1:05 PM ET

    CNBC's Mary Thompson reports which big public pension funds are reconsidering their Pimco holdings after Bill Gross announced he is resigning from the company.

  • Public pensions face $2 trillion hole: Moody's Friday, 26 Sep 2014 | 11:41 AM ET

    U.S. public pension funds don't have nearly enough money to pay what they owe current and future retirees, says Moody's.

  • NYT's Stewart: Hedge funds watershed moment  Friday, 26 Sep 2014 | 10:47 AM ET

    James Stewart of The New York Times, discusses his column on state pensions and CalPERS' move to dump its hedge fund investments.

  • How bad is the public pension funding gap? This bad Friday, 26 Sep 2014 | 5:42 AM ET
    People, mostly union and retired city workers, protest in front of the U.S. Courthouse in Detroit during the city's bankruptcy eligibility trial.

    The U.S. public pension gap has tripled to at least $2 trillion in less than a decade, Moody's Investors Service said in a report on Thursday.

  • Why CalPERS left hedge funds  Thursday, 25 Sep 2014 | 7:37 AM ET

    Donald Lindsey, George Washington University, shares insight into the reasons California's enormous state pension plan eliminated its hedge fund investing program.

  • Hedge fund exit not about performance: CalPERS CIO Wednesday, 24 Sep 2014 | 5:43 PM ET
    California Public Employees’ Retirement System headquarters is shown in Sacramento, Calif.

    CalPERS' decision to leave hedge funds was not meant to send a message about the hedge fund industry, the pension fund's CIO said.

  • CalPERS trims hedges  Wednesday, 24 Sep 2014 | 4:25 PM ET

    The California Public Employees' Retirement System announced the elimination of its hedge fund program. Ted Eliopoulos, CalPERS CIO, says the program was too small to have a meaningful impact on return.

  • Still hedging: Pensions won't follow CalPERS lead Tuesday, 23 Sep 2014 | 10:52 AM ET
    The California Public Employees' Retirement System building in Sacramento, Calif.

    Pension funds are keeping their hedge fund managers despite the recent decision by CalPERS to dump them.

  • To reduce costs and complexity in its portfolio, CalPERS says it will no longer invest in hedge funds. Alexandra Stevenson of The New York Times, and Tim Spangler, Sidley Austin, discuss their strategy and if others will follow.

  • CalPERS says no to hedge funds  Tuesday, 16 Sep 2014 | 12:16 PM ET

    CNBC's Kate Kelly has the latest details on the nation's largest public pension plan pulling out of all hedge funds.

  • End of 'costly' hedge fund trend?  Tuesday, 16 Sep 2014 | 7:07 AM ET

    Jeremy Siegel, Wharton School, and Larry Bossidy, former Honeywell chairman & CEO, share their thoughts on Calpers' plans to withdraw pension funds from hedge funds.