Asset Allocation

Report Finds Pension Costs Poised to Explode

According to a report issued by the Empire Center for New York State Policy, taxpayer-funded employer contributions to public pensions in New York State will rise by billions of dollars in the next few years, threatening to divert scarce resources from other essential public services.

CalPERS Sheds LaSalle of Industrial RE Portfolio

The country's biggest public pension fund has transferred most of its CalEast Global Logistics industrial real estate portfolio to private investment firm GI Partners from LaSalle Investment Management.

Study Suggests ESG Mutual Funds Outperform

Research by Trucost and RLP Capital shows that mutual funds incorporating environmental, social and governance (ESG) analysis outperformed traditional funds over one-and three-year periods.

Shareholder Group Says Pay Practices at Banks Fueled Risk-Taking

The Council of Institutional Investors, which represents about 130 pension funds, has shown that pay practices at major Wall Street banks likely helped drive excessive risk-taking by executives and contributed to financial collapse in 2008.