Newsmakers

Norway SWF to Invest More Heavily in Real Estate

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.

Photo Gallery: CIOS UK 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.

Ireland Urged to Use Pension for 'US-Style Stimulus'

Glas Securities has said that Ireland's National Pensions Reserve Fund (NPRF), created in 2001 to pay for future pension liabilities, should consider using its state pension fund to hedge against the impact of a planned budget squeeze.

PIMCo's El-Erian Warns of the 'New Normal', Says Fed's Moves Could Spur Inflation

Mohamed El-Erian, CEO of the Pacific Investment Management Co. (PIMCo), who popularized the phrase "new normal" to describe how growth will be depressed by consumer retrenchment and tighter financial regulation, says the Fed's purchase of Treasuries will lead to faster global inflation while failing to revive US economic growth.

Seeking Liquidity, Harvard Ups Cash Allocation to $1 Billion

The oldest and richest college in the US has released its annual report saying that following the financial crisis that left endowments around the country struggling to run their campuses, it has boosted its holdings of cash, US Treasuries, and other easy-to-sell assets.

New Jersey to Boost Cap on Alts to 38%; Negotiating Fee Cut

New Jersey State Investment Council is planning to boost its alternatives target to 38%, while the state's pension fund for teachers and government workers is negotiating reductions in fees and expenses for private investment managers.

Flash Crash Report Points Finger at Wrong Source of Big Trade That Went Bad

The trade and algorithm blamed for sparking the Flash Crash in the report by the SEC and CFTC was not executed by “mutual fund complex” Waddell & Reed but their executing broker, Barclay's Capital. The report's contention that the algorithm was simplistic and did not take price changes into full account may also be untrue. aiCIO's Joe Flood reports.