The California Public Employees’ Retirement System has kept its AAA credit rating for the pension fund’s credit enhancement program from Fitch Ratings, while the California State Teachers' Retirement System (CalSTRS) has achieved AA+.
After leaving BlackRock last month as its head of exchange traded fund research, Deborah Fuhr is reportedly joining Bank of America Merrill Lynch (BAML).
In its latest research report, Partners Group, a global private markets asset manager with US offices in New York and San Francisco, says says a more differentiated and adapted investment approach is required, calling for a new classification into debtor economies, dependent on external financing, and creditor countries, with healthy balance sheets comprising economies in the Asia/Pacific, Latin America and core Europe regions.
Jeremy Grantham of Boston-based Grantham, Mayo, Van Otterloo & Co. (GMO) has asserted that farmland and forestry will outperform the average of all global assets long-term.
As a result of exposure to US Treasury and US government agency securities, Standard & Poor's has placed 73 fixed-income funds on credit watch with negative implications.
The $146.5 billion New York State Common Retirement Fund (CRF) has announced a proposed $168 million settlement of its securities fraud class-action lawsuit against National City Corporation over investment losses.
Hedge fund Paulson & Co. has won a US court battle with the Government of Singapore Investment Corp. (GIC) over a group of luxury hotels which were originally part of the holdings of Morgan Stanley Real Estate Fund (MSREF).
