Survey: Fund Managers Foresee Weakened China Economy
A new BofA Merrill Lynch Survey of Fund Managers for May shows that a net 28% of regional fund managers expect China's economy to weaken in the coming year, up from a net 15% in March.
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CalPERS Cuts Investment Ties with Iran, Sudan
The nation's largest public pension fund is slashing its investment associations with Iran and Sudan, fully complying with state divestment laws passed in 2006 and 2007.
An Outcome of Longer Lifespans: Death Derivatives
Banks are now forming death derivatives to help pension funds better manage longevity issues.
Canada's Big Banks and Pensions Bid for TMX
A consortium of nine Canadian banks and pension funds are bidding for TMX Group, the exchange operator.
With Arrest of IMF's Strauss-Kahn, El-Erian Asserts Greece Default Risk Heightens
Since the arrest of International Monetary Fund (IMF) head Dominique Strauss-Kahn, PIMCO's Mohamed El-Erian has asserted that the likelihood of Greece defaulting becomes greater.
With Due Diligence on Appointing Fiduciary Managers, US Pensions Have Leg Up on UK Counterparts
While consultants say UK pension schemes should be legally obliged to perform due diligence before appointing a fiduciary manager, due diligence is 'nothing new in the US,' Towers Watson says.
CalSTRS' CIO Ailman: Public Pensions Suffer From 'Outdated Model'
CalSTRS' CIO Christopher Ailman tells aiCIO that public pension plans in the US run on a more than 40-year-old business model.
New York Common Retirement Fund Enters Into Joint Venture in Pursuit of RE
Equity One and New York Common Retirement Fund enter into a joint venture to acquire grocery-anchored neighborhood centers.
With US At Debt Ceiling, Geithner Leans on Pensions
As the federal government reached its $14.3 trillion legal limit on its debt, Treasury Secretary Tim Geithner tells Congress he will start targeting federal pension funds.
Harvard Ups Stake in Emerging-Market Funds in Q1
A filing with the US Securities and Exchange Commission has shown that Harvard’s biggest ETF purchases were shares tracking Brazil, India and Russia.
Russian Minister Supports Country's New SWF, With Backing From Goldman, Abu Dhabi
Representatives of Goldman Sachs, Abu Dhabi's sovereign wealth fund, and other groups are supporting Russia's hopes for a new government-backed fund.
CalPERS Embraces ESG Initiative
The nation's largest public pension fund has committed to a campaign for environmental sustainability.
Asset Manager Says China to Become a Distinct Asset Class
As institutional investors continue to crowd into the rapidly-growing economies of emerging markets to improve equity returns, China may be poised to emerge as a "separate asset class," asset manager RCM has said.
Fed Chairman Urges More Stringent Rules for Big Banks
Federal Reserve Chairman Ben Bernanke has said the Fed will unveil new regulations that would guard the US economy from another meltdown of the nation's largest financial companies.
State Street Encounters Heightened Scrutiny Over FX Transactions With SEC Probe
The Securities and Exchange Commission has joined state and federal investigators looking into whether State Street Corp. overcharged investment clients millions of dollars for foreign exchange transactions.