CIC 'Eagerly Awaiting' Gov't Funding
Wang Jianxi, executive vice president of the China Investment Corp., has said he is awaiting a government fund injection while warning about the inflationary problems in emerging markets, calling them "serious."
Asset Allocation
NY Police Pension Finally Ventures Into HFs
New York City has approved an investment of $23 million from the police pension fund into a hedge fund-of-funds.
SWFs View Mid-East Conflict as Nonthreatening, Opportunity in Commercial RE
Patrick Thomson, head of J.P. Morgan Asset Management's sovereign wealth fund client group, notes that he sees opportunity in real estate and that as a long-term investor, conflict in the Middle East has not spurred huge changes in investment policy.
Mercer Shows S&P 1500 Pension Deficits Fall $14 Billion
Mercer's latest research has shown that the funding deficit has been cut nearly in half from August 2010 low of $500 billion.
Russell's '$20 Billion Club' Sees Sharp Increase in Assets, Liabilities
According to a report from Russell Investments, public corporations with worldwide defined benefit plan liabilities of more than $20 billion each experienced a large increase in both assets and liabilities in 2010.
Moody's Foresees Dire Future for NJ Pension
Even with New Jersey Gov. Chris Christie’s proposed public pension reforms, Moody’s Investors Service warned that the state's pension system, which is already the 7th-lowest funded in the US, will continue to deteriorate.
HFs Emerge Victorious With $28 Billion in Profit
The top 10 hedge funds, measured by total dollar returns since they started, made profits for their investors of $28 billion in the second half of last year.
US Corporates Worry Over Liabilities, Respond with LDI Focus
According to a MetLife report, underfunded liabilities are the most important risk facing US corporate defined benefit plans.
OMERS Seeks Private Pension Plans; Achieves 12% Return for 2010
The Ontario Municipal Employees Retirement System, which earned a 12% return last year as its net assets grew to $53.3 billion, is seeking to compete against banks and insurers to administer the new pooled registered pension plans (PRPPs).
California Agency Calls State's Pensions 'Dangerously Underfunded,' Suggests DB-DC Hybrid Solution
California’s Little Hoover Commission, an independent state agency created to develop recommendations to control state and local government pension costs, found that the 10 largest pension funds faced a combined unfunded liability of $240 billion in 2010.
Caisse Posts $20.1 Billion Boost in Net Assets, Driven by PE, Infrastructure
The Caisse de Depot et Placement du Quebec has almost rebounded from a disastrous 2008 performance, with infrastructure and private equity holdings helping the investment giant to outperform its benchmark index by 4.1%.
Institutional Investors Dominate Commodity Investments
A report by Barclays Capital has revealed that institutional investors are poised to dominate net inflows to commodity-related investments.
Singapore's GIC Calls US the 'Single Most Important Source of Global Prosperity'
Tony Tan, the Government of Singapore Investment Corp's (GIC) deputy chairman, has said that the sovereign wealth fund will continue to look to the US as a prime investment destination despite global economic turbulence.
Engagement Study Highlights Power Shift, Conflict Between US Corporations and Shareholders
A report commissioned by the IRRC Institute and conducted by Institutional Shareholder Services Inc. has revealed that between investors and public US corporate issuers, engagement is high and increasing, with wide variances in duration, prioritization and definitions of success.
State Street Notes Drop in Investor Confidence Spurred by Political Turmoil
State Street research shows investor confidence dropped in February on the heels of political turmoil.