Mexico's pension regulator is allowing Afores to employ external managers to oversee a portion of their assets in order to gain added value in the international market, the Financial Times reports.
Asset owners managing $1 trillion—among them some of the most prominent US pension funds—have called on Russell 1000 companies to recognize the “new reality” of ESG risks.
New Jersey Governor Chris Christie and Senate President Stephen Sweeney have reached a deal to overhaul state pensions and benefits for current public employees.
MassPRIM’s board has approved a plan to choose its first 10 hedge fund managers who will manage roughly $500 million that had previously been allocated for hedge fund-of-funds.
As Vancouver-based TimberWest Forest Corporation nears the end of its 60-day “go shop” period, the company looks ready to accept the original $1.03 billion bid made by two Canadian public sector pension plans.
The Wall Street Journal has reported that Pacific Investment Management Co. lost $3.4 billion on its investment in Lehman Brothers but PIMCo head Bill Gross is unconcerned.
Goldman Sachs is considering releasing documents about its mortgage bets that show that the Senate subcommittee's analysis, which has prompted an investigation of the securities firm, is inaccurate and incomplete.
A study commissioned by Comptroller John C. Liu predicts that New York City’s pension costs will peak in 2016 before they begin a gradual, steady decline, yet Mayor Mike Bloomberg sees major flaws in the report.
Citigroup has reportedly shuttered its $400 million Quantitative Strategies hedge fund, which uses the bank's own cash to bet on stocks, according to Bloomberg News.
California Treasurer Bill Lockyer has sent letters to the state’s public pension funds to develop policies for full disclosure of corporate political spending.
According to Andrew Ang, professor of business, finance and economics at Columbia University, endowments around the country need to do a better job at figuring out how to allocate money among liquid and illiquid assets.
