Ireland's National Pension Reserve Fund, which holds roughly €24.5 billion in assets, may contribute up to €10 billion to cover the cost of the bailout package from the European Union and International Monetary Fund.
The co-founder of New York-based Quadrangle Group Steven Rattner has said Attorney General Andrew Cuomo's lawsuit in a pension-fund kickback case is “close to extortion.”
One of the world's largest asset managers is seeking at least $1 billion for a private fund to buy troubled loans from banks.
New York City Comptroller John C. Liu, on behalf of the trustees of the New York City Pension Funds, is calling on directors at Bank of America Corporation, Wells Fargo & Company, JPMorgan Chase & Co., and Citigroup Inc. to conduct an independent audit of their banks’ mortgage and foreclosure practices.
The Gulf country's sovereign wealth fund is expected to purchase a stake in General Motors after it issues its IPO later today; Australian Future Fund Chairman David Murray seeks EU stability.
The Pension Benefit Guaranty Corp., which insures the pensions of one in seven Americans, revealed that its annual deficit increased 4.5% to $23 billion.
The California Public Employees' Retirement System (CalPERS) has bought the rights to license proprietary portfolio management software from Jersey-based Ermitage, and has revealed it will cease releasing its annual Focus List of underperforming stocks.
According to a regulatory filing, Singapore state investor Temasek Holdings invested about $106 million in Brazil's Petrobras during the last quarter.
The country’s largest public pension fund has said it will pour $500 million into 'green' companies, focusing on “top performers that have improved share value and also done good for the environment.”
The California Public Employees' Retirement System has reported a 13.3% return on its investment for the year ended June 30.
In the same week that the Canadian government blocked the hostile takeover bid for Potash Corporation by the Anglo-Australian mining group BHP Billiton, two of Canada's largest pension funds have won a 30-year deal to operate a rail route linking the Channel Tunnel with central London.
Yesterday afternoon, the City Council heard from state officials about what a state takeover of city pensions could mean to taxpayers -- the process would result in steeply higher annual pension payments, beginning in 2013.
Norges Bank has made its first real estate investment for the Norwegian Government Pension Fund Global, acquiring a 25% stake in The Crown Estate's Regent Street portfolio in London in March 2010.
See photos of aiCIO's successful October Chief Investment Officer Summit in London. Designed specifically for the key decisionmakers at the world's largest asset owners, the event featured an array of panelists -- including Jay Vivian, former managing director of IBM Retirement Funds, and Mark Gibbens, Chief Investment Officer of Alcatel-Lucent -- as well as keynote speaker Nassim Taleb.
Paternoster, set up in 2006 to buy up defined benefit pension schemes from companies seeking to offload their risk, is expected to complete a takeover deal within the next couple of months.