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Gaining Clout, Top 10 SWFs Invest $1 Trillion in Stocks

 

Although still relatively small compared to total global stock market capitalization, SWFs are becoming more prevalent equity investors. A lack of compliance with the Santiago Principles, however, may stoke fears in some economies.

Harvard Confirms Swap, Real Estate Losses

 

Although the fund was known to be down 27% on the year, the recently released annual report shows that the University lost big on interest-rate swaps and real estate in fiscal 2009—and that the University also was, unusually, investing much of its General Operating Account alongside the rest of the endowment.

Eyeing His Next Target, Cuomo Goes after Sole Trustees

 

Moving his gaze from placement agents to the men and women who can exert uninhibited control over state pension systems, New York Attorney General Andrew Cuomo moves to curtail the power of sole trustees.