GE
General Electric Pension Trust
Pension fund · Founded 1940 · Austin, United States
Who General Electric Pension Trust is.
- Historical Background
- The General Electric Pension Trust was established to manage the pension and retirement funds for the employees of General Electric. In 1988, the in-house pension fund management was formally organized as GE Asset Management, which served as both a center for managing the company's own pension assets and as a revenue-generating asset manager for external clients.
- Source of Capital
- The trust is a single-employer corporate pension fund. Its capital is derived from contributions made by General Electric to fund the retirement benefits of its eligible employees.
- Major Events
- In 2016, State Street Corporation reached an agreement with General Electric to acquire GE Asset Management. General Electric announced in 2019 that it would freeze its defined benefit pension plan for approximately 20,000 salaried employees. As of January 1, 2023, the GE Pension Plan was divided, with each of the three new standalone GE businesses (GE Aerospace, GE Vernova, and GE HealthCare) sponsoring and managing a separate pension plan for its respective employees and retirees.
- Allocation Strategy
- The GE Pension team is responsible for global pension asset oversight, which includes asset allocation, portfolio construction, manager selection, and risk management.
The funds General Electric Pension Trust backs.
General Electric Pension Trust is a limited partner in 48 funds. 10 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
How General Electric Pension Trust’s fund book is spread.
The 48 funds General Electric Pension Trust backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 3471%
- Europe 715%
- Rest of world 715%
United States 34 · Hong Kong 2 · United Kingdom 2 · China 1
How established those managers are
Managers grouped by how many funds they have raised — across the 28 of 48 with a fund history on record.
The companies General Electric Pension Trust backs directly.
General Electric Pension Trust holds 2 companies directly, separate from the funds it commits to as a limited partner.
Other LPs.
Other pension funds in the Power Law LP ranking, closest to General Electric Pension Trust by combined power-law score — North America first, then the nearest worldwide.