LAS VEGAS— Nevada gambling regulators called the bankruptcy of Caesars Entertainment Corp.' s debt-heavy subsidiary an embarrassment and lamented the company's inability to pay 63 former executives some $33 million in promised pension payments. The Nevada Gaming Commission pressed Caesars executives Thursday about the company's overall bankruptcy...» Read More
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.
U.S. public pension funds don't have nearly enough money to pay what they owe current and future retirees, says Moody's.
James Stewart of The New York Times, discusses his column on state pensions and CalPERS' move to dump its hedge fund investments.
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.
Donald Lindsey, George Washington University, shares insight into the reasons California's enormous state pension plan eliminated its hedge fund investing program.
CalPERS' decision to leave hedge funds was not meant to send a message about the hedge fund industry, the pension fund's CIO said.
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.
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.
CNBC's Kate Kelly has the latest details on the nation's largest public pension plan pulling out of all hedge funds.
Jeremy Siegel, Wharton School, and Larry Bossidy, former Honeywell chairman & CEO, share their thoughts on Calpers' plans to withdraw pension funds from hedge funds.
CalSTRS is the nation's second largest public pension fund. Christopher Ailman, CalSTRS CIO, discusses performance and reveals where they are allocating capital.
Public pension funds have major stakes in American firms moving overseas to cut their tax bills. But they are saying little about the strategy.
Are federal workers getting a sweeter deal than younger generations? Steve Malanga, Manhattan Institute senior fellow, provides perspective.
The largest public pension in the country has quietly reduced its investment in one of the largest technology investment firms.
CNBC's Rick Santelli and Bradley Belt, Palisades Capital Management, discuss the federal government's plan to allow companies to contribute less to their pension plans to replenish the Highway Trust Fund.
The performance of U.S. public pensions' investments improved greatly in the second quarter, returning a median 3.71 percent.
The California Public Employee Retirement System is considering changes to its portfolio as it attempts to stay away from riskier investments.
An look at the system’s problems reveals a strategy that has failed to keep up with costs, and a governing structure that permits politics to intrude.
Detroit may be moving to resolve its pension crisis, but New Jersey's pension problems are just heating up.