Newsmakers
US Economy to Grow by Up to 2.5%, BlackRock Predicts
Bob Doll, Chief Equity Strategist for Fundamental Equities at BlackRock, predicts a "slow growth" world, with Europe slipping into a recession while US stocks achieve double-digit gains.
Mercer Approaches ‘Fund Manager’ Status
Bank of England Brings in New Actuary for King’s Pension
GSAM Chairman Forecasts 2012
Unlike last year's bullish predictions, Goldman Sachs Asset Management chairman Jim O’Neill has outlined a slightly less optimistic array of predictions for 2012.
Investors Flock to US Securities, Shunning Eurozone and BRICS in 2011
Investors to Pursue Clean Tech Private Equity Despite Challenges, Paper Says
A newly released article explains that institutional investors are seeking to better understand and invest more heavily in clean tech private equity.
New York Comptroller Clamps Down on Penalties for Corrupt Officials
Thomas DiNapoli, New York's comptroller, is introducing a program bill that would double the penalty for public officials found guilty of corruption.
Shell Launches DC-Only UK Pension Option For Future Hires
Shell, which offers one of the remaining open DB schemes on the FTSE100, seems set to close it to new joiners, citing falling in line with ‘market trends’.
Mercer: Pension Deficits Up by Nearly a Third in 2011
Mercer’s latest Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes in the UK is on the rise.
Longtime Head of Investment Consulting Departs Aon Hewitt
Andrew Tunningley, head of investment consulting at Aon Hewitt, has left the company after overseeing a three-way merger 18 months ago.
PIMCO: Papers Focus on Delayed LDI, US Credit Outlook
Two papers published by Mohamed El-Erian and Rene Martel, chief executive and product manager of the Pacific Investment Management Co. (PIMCO) respectively, delve into the future credit outlook of the US and on the state of LDI implementation.
2011 Proves to Be Second Worst Year Ever Recorded for Hedgies
Amid continuing market uncertainty, Eurekahedge has shown that its Hedge Fund Index is down 3.78% year-to-date.
Opinion: Social Insecurity, or “Honey I Shrunk The Kids’ Wealth”
Arun Muralidhar: As much as I enjoy my taxes being cut, one has to look at the consequences of these decisions and, sadly, I have to be a really negligent father to be excited by these cuts.
Opinion: What 2012 Will Bring for Pensions, Endowments, Foundations, and Other Institutional Investors
The coming year will see asset owners split into two groups: those that remember the problems of the crisis and act to resolve them, and those that forget them and fail to act.