Pension Schemes Avoid Hedging Derivatives Despite Growing Funding Gap
Derivatives and liability-hedging through financial instruments are foxing pension schemes looking to derisk as funding levels fall.
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Investors Flock to US Securities, Shunning Eurozone and BRICS in 2011
US bonds were favoured while Eurozone, BRIC, and US equities were avoided by institutional investors in 2011 as economic conditions spooked markets.
Investors to Pursue Clean Tech Private Equity Despite Challenges, Paper Says
A newly released article explains that institutional investors are seeking to better understand and invest more heavily in clean tech private equity.
New York Comptroller Clamps Down on Penalties for Corrupt Officials
Thomas DiNapoli, New York's comptroller, is introducing a program bill that would double the penalty for public officials found guilty of corruption.
Shell Launches DC-Only UK Pension Option For Future Hires
Shell, which offers one of the remaining open DB schemes on the FTSE100, seems set to close it to new joiners, citing falling in line with ‘market trends’.
Alternatives Explain Endowment Superiority, Academic Paper Says
A recently published academic paper claims that the average asset allocation of elite institutions and top‐performing funds is the single most important factor to explain stellar returns.
Mercer: Pension Deficits Up by Nearly a Third in 2011
Mercer’s latest Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes in the UK is on the rise.
Longtime Head of Investment Consulting Departs Aon Hewitt
Andrew Tunningley, head of investment consulting at Aon Hewitt, has left the company after overseeing a three-way merger 18 months ago.
PIMCO: Papers Focus on Delayed LDI, US Credit Outlook
Two papers published by Mohamed El-Erian and Rene Martel, chief executive and product manager of the Pacific Investment Management Co. (PIMCO) respectively, delve into the future credit outlook of the US and on the state of LDI implementation.
2011 Proves to Be Second Worst Year Ever Recorded for Hedgies
Amid continuing market uncertainty, Eurekahedge has shown that its Hedge Fund Index is down 3.78% year-to-date.
Following JPMorgan, Dutch Pension ABP Sues Credit Suisse Over Mortgage-Backed Securities
After filing a suit against JP Morgan, Stichting Pensioenfonds ABP (ABP) has sued Credit Suisse as many of the scheme's once triple-A rated securities now carry junk grades.
Opinion: Social Insecurity, or “Honey I Shrunk The Kids’ Wealth”
Arun Muralidhar: As much as I enjoy my taxes being cut, one has to look at the consequences of these decisions and, sadly, I have to be a really negligent father to be excited by these cuts.
Opinion: What 2012 Will Bring for Pensions, Endowments, Foundations, and Other Institutional Investors
The coming year will see asset owners split into two groups: those that remember the problems of the crisis and act to resolve them, and those that forget them and fail to act.
SSgA: European Institutional Investors Gain Confidence, North Americans Lose It
According to State Street Global Markets, European institutions increased their allocations to risky assets in December, while North American and Asian institutions did the opposite.
Third Quarter Brings Large Investment Losses for US Public Pensions
Volatile stock markets and tepid bond markets contributed to a fall in asset values within the United States’ $2.5 trillion public pension system, the Census Bureau said.