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.
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.
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.
In the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pensions, the global consulting and actuarial firm showed these plans experienced a $22 billion decrease in pension funded status for the month of November.
From aiCIO Magazine: It is a curious twist of historical fate: Two bodies established to
enshrine the past of an impoverished nation are the forerunners of a
very wealthy future. Nick Lord reports.
From aiCIO Magazine: Is the failure to rebalance an institutional portfolio “the height of irresponsibility,” or, as some think, not a failure at all? Joe Flood reports.
Despite a relatively quiet year in 2010, the private-equity arm of the Caisse de depot et placement du Quebec plans to add to its private equity team to invest in Quebec companies.
Hedge funds and institutional investors predict a bigger inflow into direct commodity investments than in 2010 as the economy continues to improve, increasing demand for metals, grains, and energy.
The consulting firm found that the shortfall among US company pension plans at the end of November corresponds to a funded status of 79%, compared to a funded status of 78% at the end of October.
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.
