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Investor Profile

New Jersey flags hedge fund benefits in volatile times

New Jersey Investment Division has found shelter in its hedge funds allocation during recent market turmoil. But the investment division's challenges are underscored by a recent report placing it in the bottom 10 state-wide plans for funded ratio - and holding onto a higher than average ARR.
 August 15, 2022
Editorial

Letter to the editor

Keith Ambachtsheer responds to an article on the negotiations by CalSTRS' outgoing chief executive, Jack Ehnes, to achieve fully funded status by 2046.
Amanda WhiteMay 18, 2021
Featured Story

How CalSTRS’ CEO achieved funded status

The legacy of Jack Ehnes, chief executive of CalSTRS for nearly 20 years, is the embedded long-term view in the culture of the organisation which impacts everything from investments to benefit planning strategy. He talks to Amanda White about managing multiple, complex and competing stakeholders for the good of California's teachers.
Amanda WhiteMay 6, 2021
Risk

Navigating two decades of funded status

The funded status of corporate DB pension plans has experienced unprecedented volatility in the 21st century. This article examines the sources of funded status volatility seen over the past two decades and discusses how plan sponsors of DB pension plans have adapted. It argues it is important to exercise care in the strategy that is chosen and in the timing of implementation.
Zorast WadiaAugust 23, 2019
Research

Worldwide diversity in funded pension plans

There is a huge diversity in pension system design across the globe, reflecting historical, cultural and institutional diversity. There is much to be learned by each of the different systems, so in order to compare the benefits of various systems, two authors from APG in the Netherlands postulate a new classification of four role models […]
Amanda WhiteJuly 24, 2015