aiCIO's Year in Review: Scandal! Third Party Marketers Continue to Wreak Havoc
Why it's important: Because we thought we were done with the placement agent
scandal a year ago – but boy, were we wrong.
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aiCIO’s Year in Review: It's Raining in Pittsburgh
Why it's important: Not because Pittsburgh’s lost pension is unto itself an
essential story -- but because it is a canary in the coalmine for the entirety of
America’s public pension system.
Ontario Teachers’, CIC Headline Month of Institutional Cooperation
China Investment Corporation’s joint action on Indonesia
mining company Delta Dunia is the latest move in a month full of asset owner/private
equity cooperation.
Joining Other States and Cities, Detroit Feels the Placement Agent Scandal
Two Motor City pension funds have seen large write-downs on bad investments, many of which are tied to recommendations from placement agents and an investment consultant.
Japan’s National Pension, the World’s Largest, Faces Reform Pressure
The US$1.4 trillion Government Pension Investment Fund has come under governance and investment strategy reform pressure from the OECD.
Is Private Equity Back?
A reported $15 billion fund raised by New York-based
Blackstone Group may signal the resurgence of a much-maligned investment
strategy.
Despite Recent Raids, Hedge Funds May Escape Fed Supervision
According to an anonymous source familiar with the Federal
Reserve’s thinking, hedge funds, beset with recent worries, are likely to
escape the key “systemically important” designation that would be accompanied
by rigorous Fed oversight.
Photo Gallery: aiCIO Industry Innovation Awards
On December 2, 2010, aiCIO hosted asset owners and asset
managers from across the globe for our inaugural Industry Innovation Awards.
See who was in attendance – and who won awards – via our photo gallery.
With New Evidence via WikiLeaks, RBS Awaits Subprime Lawsuit
Following the release of diplomatic cables quoting the current RBS Chairman claiming that former directors may have breached their fiduciary duty, a potential lawsuit, and embarrassment.
The Social Network/Accidental Billionaires: The Story & Myth of Facebook, Reviewed by Editor-in-Chief Kip McDaniel
[Disclaimer: I must admit that I am entirely biased with regards to this review. The now-famous Winklevoss twins and I were classmates at university and rowed on the same crew team for four years, which is important because it was during this time that they became entwined with – or invented, depending on who is to be believed –Facebook. I consider them good friends. Thus, I naturally lean towards one side of the argument more than another.]
The Quants, Reviewed by Editor-at-Large Joe Flood
Scott Patterson's book serves as something of a corrective to the prevailing narrative on Wall Street over the past few decades—that raw cognitive abilities and ever more complex mathematical models will smooth out risk and bring us the Great Moderation.
Nomad: From Islam to America, Reviewed by Senior Editor Paula Vasan
Ayaan Hirsi Ali's most recent book, "“Nomad: From Islam to America,” is a challenging, thought-provoking, and personal account of her rejection of Islam and the cooperative response to the religion that she believes is needed from the West.
Cuomo Reaches Deals With Two Funds in Pension Fund Probe
Odyssey Investment Partners LLC and HFV Management LP have reached agreements with New York Attorney General Andrew Cuomo that resolve probes of their involvement with pay-to-play at the state pension fund.
CalPERS Approves New Asset Allocation to Guard Against Risk, Rising Inflation
Following a nearly year-long review, the biggest US public pension has OK'ed a new asset allocation to position the fund for better risk-adjusted performance.
Norway's SWF Accused of Multibillion Dollar Investments Supporting Abuse, Fueling Military Regime
A new report by EarthRights International (ERI) has shown how the Norwegian Government Pension Fund Global has $4.7 billion invested in 15 oil and gas companies from eight countries operating in Myanmar, putting Norway in violation of its own Ethical Guidelines for responsible investment.