Massachusetts State Treasurer Steven Grossman and MassPRIM Executive Director Michael Trotsky in a June 13 press conference announced that the state’s $50 billion pension fund had been overcharged $20 million on foreign exchange trading by BNY Mellon.
From aiCIO Magazine's Summer Issue: University of Chicago professor Eugene Fama's Efficient Market Hypothesis (EMH) has helped lead to a number of important developments for investors.
From aiCIO Magazine's Summer Issue: The trend of full-service banks forming their pension-dedicated units has accelerated since the global financial crisis.
From aiCIO Magazine's Summer Issue: CEOs are demanding that their pension funds be de-risked to avoid large contribution surprises, yet de-risking means lowering equity exposure when underfunded pensions need equity-like returns.
From aiCIO Magazine's Summer Issue: While some say China's economy may be robust enough for the country to become its own asset class, many consultants and other asset managers disagree.
From aiCIO Magazine's Summer Issue: The problem with currency exposure and its potentially disastrous effect on portfolio valuations lies as much with the way chief investment officers and their Boards think about the problem—the “grammar used to define currency risk.
Norway’s $570 billion sovereign wealth fund Norges Bank Investment Management is “very positive” about the long-term outlook for Europe despite fear over the growing debt crisis.
The $40 billion Alaska Permanent Fund CIO Jeffrey Scott announced June 13 that he will leave the sovereign wealth fund and re-enter the private sector.
On the day that CIO Jeff Scott has announced his resignation from the Alaska Permanent Fund, aiCIO magazine offers a sneak peak at how the oil-rich state is leading the way toward a new method of asset allocation – and how it has brought in some of the world’s most powerful money managers to do its bidding. Joe Flood reports.
Mexico's pension regulator is allowing Afores to employ external managers to oversee a portion of their assets in order to gain added value in the international market, the Financial Times reports.
According to the Federal Reserve's latest Flow of Funds report corporate defined benefit and defined contribution plans enjoyed an increase in assets amid strong equity returns as of March 31.
