Corporations Heading for Record Pension Deficit
Aggregate deficit has grown by roughly $124 billion thus far in 2012, according to consulting firm Mercer Investment Consulting.
Newsmakers
Ex-Employee Claims State Street Hierarchy ‘Approved’ Middle East SWF Overcharging
Senior managers gave the go-ahead for the State Street transition management team to take “undisclosed mark-ups” on bond trades for one of the Middle East’s largest investors, a former employee has claimed.
Your Contract or Mine?
A paper out of Oxford and Stanford gives the pros and cons of London vs. offshore, and standard vs. custom when it comes to contracts.
Why Private Equity 'Collusion' Is Not Always a Danger
Morten Sorensen, a finance professor at Columbia Business School, analyzes the implications of a class-action lawsuit, alleging that Blackstone, Kohlberg Kravis Roberts (KKR), and Bain Capital Partners allegedly colluded to lower the prices of takeover targets--and what it all means for the private equity industry.
Harvard Students to Endowment: 'Ditch Fossil Fuels!'
Harvard's students are pressing for the university endowment to shed its fossil fuel investments.
Making His Mark Across the Atlantic
Canadian central bank head Mark Carney is taking the top spot at the Bank of England. Institutional investors see it as a step in the right direction.
Column: The European (LDI) Experience
From aiCIO's November Issue: Governance is part of the equation too.
Column: Is LDI Dead? No, It’s Evolving.
From aiCIO's November Issue: Despite sounding like an obvious step to some, misconceptions have traditionally been the barrier to LDI.
LDI: Does It Make the CAPM a CRAPM?
From aiCIO's November Issue: A column scrutinizing the impact of the Capital Asset Pricing Model (CAPM) on asset management.
Column: The Institutional Elephant
From aiCIOs November Issue: How investors are evaluating an equity-centric policy.
Column: The Death of (Most) Asset Managers
From aiCIO's November Issue: “I seen the future, but I got nothin’ in my hand.” —Die Antwoord
Looking Elsewhere
From aiCIO's November Issue: Why some corporate pension plans are choosing other routes to meet their liabilities. Leanna Orr reports
Words From the Wise
From aiCIO's November Issue: Paula Vasan, aiCIO managing editor, spoke with NISA’s Jess Yawitz about his favorite subject (besides poker): LDI.
How LDI Saved Brown Shoe
From aiCIO's November Issue: Here’s how one St. Louis-based corporate pension embraced liability-driven investing to survive, and how specialist-firm NISA achieved LDI star-status as a result. Paula Vasan reports.
Strategic Partnership Guru Departs NJ Pension
An architect of New Jersey’s ‘strategic relationships’ with Blackstone and Och-Ziff, among others, has left the public pension system for a family office.