S&P 500 Pension Underfunding Hits Record Levels
In fiscal year 2011, the S&P 500’s pension and other post employment benefit underfunding broke the level reached in 2008.
Newsmakers
Investment Managers, While Still Negative on US Economy, Don't See Recession in Sight
Investment managers are less confident in the US economic outlook, but are not expecting a recession, according to Northern Trust's latest survey.
AIMCo’s New Toy Draws Peers’ Envy
The Alberta Investment Management Corporation (AIMCo) has a new gadget that should help it run more efficiently – and others seem to want one too.
Snapshot of Sector Pensions Shows Wide Divergence
Similar staff, similar conditions, and similar pay – why are assumptions for sector-wide pensions so diverse?
UK Pension Costs to Rise 20%
Corporate pension funds could see already expensive pension arrangements hit their bottom line even harder next year due to poor economic conditions and new regulations coming into play.
Photo Gallery: CIO Summit London
The pension funds of Rabobank, HBOS, A&O Services, CERN, Railpen, and many others were represented at this year's CIO Summit London. See them and more in this photo gallery.
Obituary: NYC Pension Reform
A long awaited reform of New York City’s pension system—heavily touted by Comptroller John Liu and Mayor Michael Bloomberg—passed away over the weekend.
Canada Pension Plan Builds Up Down Under
Canada Pension Plan Investment Board has announced the construction of two Sydney office towers, further evidence that institutional investors worldwide are pursuing real estate to boost returns.
Norwegian SWF Chases La Belle Vie
Norway’s sovereign wealth fund will invest $341 million in Parisian commercial real estate, the latest of its moves to capitalize on attractive European real estate opportunities.
Pensions, Endowments Have Committed a 'Crime' of Underperformance
Evidence increasingly shows that a “crime” of extensive underperformance has been committed in pension funds and endowments, according to Charles Ellis, an author and consultant to large institutional investors in the US and Asia.
Fastest Pension Buy-In as Fresh Capital Flows to Sector
Low gilt yields might be a headache for most UK pension funds, but one has taken advantage in record time.
US Pension Funding Slips Further
The funding deficit of US defined benefit pension plans in the S&P 1500 has grown to $543 billion, representing an aggregate funding ratio of 74% as of June 30.
BlackRock Expands Alternative Coverage With Swiss Re Purchase
As investors spurn traditional assets, BlackRock pushes further into alternatives.
UK Pension Liabilities Largest Ever Relative to Market Cap.
The pension liabilities of the FTSE 350 have reached 35% of their sponsoring companies’ combined market capitalization, the highest proportion ever.
Abu Dhabi, Dutch Pensions, SWFs 'Defrauded' Out of Millions on BNY Mellon FX Trades, Lawsuit Alleges
The US Department of Justice has brought a case against BNY Mellon alleging it cheated customers on foreign exchange services, leading to revenues of more than $1.5 billion from some of the largest institutional investors worldwide.