New research has shown that trustees of defined benefit schemes saw an average return of 13% on investments last year, buoyed by strong equity performance.
ATP's CEO Lars Rohde has said that the fund will avoid government bonds issued by the European Union's most indebted nations, as it considers the risk too great.
A Goldman unit that invests on behalf of asset owners turned
down an opportunity to invest capital in social network Facebook, raising
questions over whether the bank’s eventual investment is a robust one.
An upcoming Vanity Fair article further reveals the thinking
of Warren Buffett regarding who eventually will take control of his $100
billion portfolio.
While denying any wrongdoing, Steve Rattner has agreed to
pay $10 million to settle charges that he and the firm he founded bought access
to New York’s Common Retirement Fund.
With three days to go before a state takeover, another proposal (30 years of dedicated parking revenue) and rejection (by Mayor Luke Ravenstahl) in the search for a Pittsburgh pension solution.
Why it's important: Because nearly everywhere except America sees pension funds moving into environmental, social, and governance investing – and every year
this trend continues, America is left further behind.