BP Chief Executive Tony Hayward’s tour of the Gulf last week increased speculation that the company is looking for investment from sovereign wealth funds (SWFs) and other state entities in the region, yet Abu Dhabi is reluctant to invest in the company, a report said.
Hector Mayol, the system’s Administrator, notes that required benefit payments are eating into investable capital, but that the Commonwealth’s Governor is now setting his sights on the pension problem.
CPPIB has extended into Canada's oil and gas sector by agreeing to make its first direct investment in oilsands though a deal with Laricina.
The Singapore wealth fund is set to post a record jump after its assets plunged $40 billion a year ago during the midst of the financial crisis.
The oil giant is approaching sovereign wealth funds in the Middle East and Asia to defend itself against takeover bids.
Diageo has found a creative way to plug its growing UK pension hole: Fill it with £430 million ($642 million) worth of Scotch from its distilleries in Scotland.
A group of 12 creditors says Lehman Brothers Holdings Inc.’s plan to pay claims fosters conflicts among creditors that may lead to lawsuits.
Ten years after the UKSIF introduced pensions disclosure regulation, the group is urging schemes to increase their skills in sustainability governance.
In letters to Canadian Prime Minister Stephen Harper and Chung Un-Chan, prime minister of South Korea, the International Corporate Governance Network urged G20 leaders to recognize the intrinsic role of institutional investors in reforming shareholder rights.
Bahraini state investment fund Mumtalakat said losses soared last year as it restructured some of its holdings.
The gain takes the fund's market value to $96.7 billion, erasing most of the losses suffered during the financial crisis.
At the GAIM hedge fund conference this week, managers focused on the problems that could hit their firms rather than the past year's client inflows and 20% returns.
Following an internal investigation by CalPERS, Ares Management and Relational Investors have agreed to stop using so-called placement agents and reduce the fees they charge the fund by millions of dollars over the next five years.
Since the Gulf of Mexico oil spill started in April, pulling down BPs share price, the governments of Norway, Kuwait, China and Singapore have lost billions of dollars.
Directionless investors are conspiring with weak macro-economic conditions to unsettle a business model dependent not just on activity, but short selling, leverage and spreads, says Dominic Hobson, editor in chief of Global Custodian.