Since the arrest of International Monetary Fund (IMF) head Dominique Strauss-Kahn, PIMCO's Mohamed El-Erian has asserted that the likelihood of Greece defaulting becomes greater.
As the federal government reached its $14.3 trillion legal limit on its debt, Treasury Secretary Tim Geithner tells Congress he will start targeting federal pension funds.
New research carried out by students at Uppsala University and reported by Affärsvärlden shows that if the stock market is on the upswing, then a passive management approach across a broader market index may be superior to an active approach.
With recent mandates seemingly on the rise for third-party
securities lenders, custodians – the traditional bastion of the business – are
fighting back.
The manager of the world’s largest bond fund, who sold out of all his holdings in US Treasury bonds in March of this year, is pushing investors to move away from Treasuries and seek global investments for better yield opportunities.
The Federal Reserve has announced that it now expects headline inflation to reach 2.1-2.8% during 2011 before returning to the official target of under but close to 2% in the following year.
Timothy Corbett, who has been the chief investment officer of Connecticut's $25 billion pension fund since July 2009, has resigned and will head into the private sector.
