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.» Read More
Some of the best investment strategies don't come from Wall Street—they come from public pension funds.
A new study finds that the typical 401(k) would erase $70,000 from an average worker's account over a four-decade career.
A federal judge's approval of Detroit's settlement with two banks marks a turning point in the city's reorganization.
Fadi BouSamra, Metro Government of Nashville, provides insight on his firm's move out of fixed income and into equities, and its emerging market strategies.
Detroit has reached a settlement with bond insurers over treatment of the city's bankruptcy debt, emergency manager Kevyn Orr told CNBC.
We did adjustments to our allocations, says Ash Williams, Florida State Board of Administration, discussing how his pension fund is getting back on track following the financial crisis.
Steve Edmundson, Nvpers CIO, discusses the asset allocation on index funds and the impact high-frequency trading has on pension funds.
Ronnie Belton, City of Jacksonville Retirement System CFO, discusses his investment strategy and how exposure to equities drives his $2 billion portfolio.
New research suggests that the state of retirement isn't as disastrous as thought.
Pensions must chase higher returns to meet obligations, and that means moving away from traditional investments, CapRidge Partner's Steve LeBlanc tells CNBC.
Plans are moving away from the standard allocations of 60% equities, 40% bonds and moving towards alternative such as private equity and real estate, says Steve LeBlanc, CapRidge Partners, discussing ways pension plans are looking to increase returns. Most pension plans don't have enough risk in their book, says LeBlanc.
Discussing pension reform in California, with San Jose mayor Chuck Reed, (D). Reed says pension costs are spiking due to "skyrocketing" retirement costs. CNBC's Rick Santelli reports.
Double-digit annual returns for most U.S. public pension systems over the past two years have done little to shrink the yawning deficits.
Boeing said on Thursday it will end pension plans for 68,000 non-union employees, including its chief executive.
CNBC's Phil LeBeau reports Boeing is going to end pension plans for non-union employees starting in 2016.
The judge in the historic Detroit bankruptcy has laid out the next steps for city, which could have the it emerging from bankruptcy by fall.
Detroit this week is expected to reveal its plan to settle with its creditors and emerge from bankruptcy.
CNBC's Mary Thompson reports how a strong market pushed corporate pension funding in the S&P 500 and Fortune 1000 over 90 percent in 2013.
A state court judge has barred the city of San Jose from imposing voter-approved pension cuts on current municipal workers.
In an exclusive interview with Larry Kudlow, Rep. Paul Ryan, R-Wis., discusses the budget deal, the Fed's decision to taper, and veterans' pensions.