On the tail of the firm's Long Duration Credit Strategy’s three-year
mark – in which it outperformed the Barclays Capital US Long Credit
Index – LGIMA’s US fixed-income head sees further LDI mandate growth in
North America.
Legislation passed by the Massachusetts Governor gives the $42 billion fund one year to study and exit any investments that directly or indirectly support the Iranian oil industry.
New survey data issued by the London-based unit of consultant Mercer shows that the costs of rising life expectancy added billions of pounds to the pension bills of the United Kingdom’s largest 100 companies in 2009.
A study by Aon Consulting has discovered that combined pension deficit at the UK's top 200 firms fell by about a quarter between June and July, buoyed by improving equity markets and declining liabilities.
Data from SuperRatings reveals that the average super fund returns have fallen under the double-digit mark, as Australians would have fared better by putting their superannuation solely into Australian shares for the past decade.
Despite a tumultuous 2008, the CIC outperformed many other sovereign wealth funds following the global financial crisis -- the country's $300 billion SWF upped its net profit to $41.7 billion in 2009 from $23.1 billion in 2008.
Cambridge Associates issued a report showing VC 10-year returns -- considered the most
important measurement of the industry -- were negative 3.7% for
the period ending March 31.
Preliminary
results of a survey by Capital Market Risk Advisors show US respondents
ranked “government changing the rules” as their chief concern for the
year ahead.
MetLife Assurance's survey showed pension fund trustees and
sponsors are struggling to effectively manage longevity risk, which
ranked second only to the measurement of technical provisions and
liabilities in importance for respondents.
The organization is putting pressure on governments and policymakers
to try to avoid relying on current market values when determining
contributions and to allow "appropriate levels of over-funding in good
economic times," among other recommendations.
Europeans (effete liberals!) love it. Public pensions and foundations (goody-two-shoes!) like it. Yet, to American corporate defined benefit plans, socially responsible investing—bearded hippies!—has been anathema to their very existence. Will this ever change?
After a 2.1% loss on its global assets in 2008, the China investment Corp. will likely post its best yearly gain in 2009, boosted by rebounding markets and investment in commodity-related companies.
