Newsmakers

The ai5000 Top Five Institutional Investment Stories of 2009

The Revelation of the Full Extent of American Endowment Problems   Entering 2009, the world knew that trouble was afoot at America’s largest endowments. Reports were emerging from Yale, Princeton, Stanford, Harvard, and others as early as September 2008 that

Private Equity Titan Terminates Fund

(December 23, 2009) – Europe’s Candover has agreed to close its nearly $5 billion buyout fund, a fall from grace for this once mighty private equity house.   The firm confirmed late last week that its five year investment window

PIMCO’s Gross Reduces Government Debt Holdings, Moves to Cash

(December 23, 2009) – Bill Gross’s Pacific investment Management Co. (PIMCO), a weathervane for many institutional investors, reportedly has raised its cash holdings to the highest levels since September 2008. According to a report from Bloomberg, PIMCO’s Total Return Fund

Dubai, Again, Gets Bailout from Abu Dhabi

 

Not for the first time in 2009, Abu Dhabi—the federal seat of government for the United Arab Emirates—has been forced to step in and provide an injection of funds for a debt-ridden Dubai.

Dubai World, under Duress, Plans To Sell Assets

 

Dubai World plans to sell assets for cash, but the government continues to maintain that it has no financial responsibility for the sovereign wealth arm that it created to fund the city’s growth.

UK Merger Market Hurt by DB Pensions

 

A CBI/Watson Wyatt study also shows that corporate profits are more often than not hurt by the pension costs associated with defined benefit systems.

As Leaders Gather, SWFs Warn of Protectionism

 

Funds from across the globe gathered in Singapore alongside world leaders to express their concerns over protectionism—and to promote the idea of sovereign wealth funds as long-term, stable investors.

Buffett, Seeing Crisis Abate, Makes A Move

 

Following large profit increase—not the least of which was seen in its insurance units—Berkshire has made an “all in” bet on the American economy with its purchase of Burlington Northern Santa Fe railroad.