ETF Investment Decreases While Fixed-Income Continues to Rise
The European Institutional Asset Management Survey indicates that institutional investment in ETFs decreased by 6% over the past year, but the motivation for the change is not clear-cut.
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Wells Fargo Agrees to Settle Mortgage Lawsuit for $125 Million
Wells Fargo & Co. has offered to settle a lawsuit over the sale of mortgage pass-through certificates for $125 million.
Appetite for Risk in Private Real Estate Grows, Survey Says
Private real estate investors have grown increasingly bullish about the future of the market and are ready to embrace more risk, a study by Preqin has shown.
Following Hefty Fine for Allegedly Misleading Pensions, JPMorgan to Pay $228 Million in Muni Case
State and federal regulators have ordered JPMorgan to pay $228 million in a settlement of allegations that the bank's securities division rigged the market for municipal bond derivatives.
Chinese Timber Pummels Paulson’s Biggest Fund
The Advantage Plus Fund, John Paulson’s flagship, lost 11% in June as a result of huge losses with Sino-Forest.
Blackstone’s Most Recent PE Fund Reaches $16 Billion, Exceeding Expectations
Blackstone’s new fund is the largest in the aftermath of the recent financial crisis, a promising sign of optimism from institutional investors.
Japan’s Government Pension Investment Fund Suffered Sharp Drop in 2010 FY
Japan’s Government Pension Investment Fund, the world’s largest asset owner, was down 5% in the 2010 fiscal year.
With Teachers' Still Holding Out, NYC Comptroller Credits Hedge Funds for Pension Success
New York City’s pension funds gained the most in 13 years last fiscal year.
PIMCO Scores on Inflation Bet
Pacific Investment Management Co. (PIMCO) gained $50 million and Morgan Stanley lost tens of millions when they took opposing positions on inflation.
Counterintuitively, CalPERS Sues State Street — and Then Rehires Them
As custody banks such as State Street face lawsuits for fraud and misrepresentation over foreign-exchange pricing, industry sources say such allegations may have little material impact on their relationships with pension funds.
Pension Fund Survey: Investors Move to Alts, Shorter-Duration Bonds
A new study by consultants bfinance reveals that pension funds are increasing turning toward alternative investments while market uncertainty is spurring a move to bonds with shorter durations.
Heightened Global Interest in Alternatives Boosts Canadian Hedge Funds
Canadian hedge funds are receiving large influxes of capital due to surging interest in alternatives coupled with Canada’s unique position in a commodities-fueled economy.
World Bank Report: Herding Prevalent Among Pension Funds
A report by the World Bank explains that pension funds herd more in assets for which they have less market information and when risk increases.
Bank of America’s $8.5 Billion Settlement Hit With Legal Challenge
A group of 11 mortgage-bond investors have filed a challenge to Bank of America’s proposed $8.5 billion settlement with holders of its subprime mortgage securities.
Aon Hewitt: De-Risking Tops Priorities Among European Pensions
De-risking is a top priority among pension funds around Europe, a new study by Aon Hewitt shows.