Lessons for Defined…Bentribution
From aiCIO Magazine's Winter 2011 Issue: With volatile markets and interest rate lows, older workers who participate in 401(k) or other defined contribution plans have watched their portfolios stagnate and gyrate.
Newsmakers
Academic Paper: US Sovereign Wealth Funds Fearful of Political Baggage
A new academic paper explores domestic sovereign wealth funds, with a focus on their origins, purpose, and governance, noting that such funds are wary of political maneuvering.
After Passing on Texas Teachers, Blackstone Finalizes Deal With NJ Pension
The world's largest private-equity firm has won as much as $1.8 billion in pension-fund commitments from the New Jersey Division of Investment.
Redemption Pressures Force Fund of Hedge Funds Cadogan to Shut Doors, Transition to Cantor Fitzgerald
Established fund-of-funds firm Cadogan Management is shuttering its operations, handing its business to strategic partner Cantor Fitzgerald.
Photo Gallery: aiCIO Industry Innovation Awards 2011
Photographs from our second annual dinner held to honor
asset managers, servicers, and owners for their pioneering work in the field of
pension, E&F, and sovereign fund investing.
eSecLending Hits Zenith With $2.5 Trillion in Assets Auctioned
Following a strong Q4 auction performance, eSecLending has achieved an industry milestone with $2.5 trillion in assets auctioned.
CalSTRS Names Global Macro Hedge Fund Advisor
Lyxor Asset Management has been selected to help the California State Teachers' Retirement System develop its new Global Macro Hedge Fund strategy.
Prudential Finalizes Longevity Reinsurance Transaction With Deutsche Bank
Prudential has broadened its international reinsurance business, completing a UK-focused longevity reinsurance transaction with Deutsche Bank.
Norway Oil Fund Blacklists Funds Based on Ethics
Norway's Ministry of Finance has excluded Pennsylvania-based company FMC Corporation and the Canadian-based Potash Corporation of Saskatchewan (Potash) from the Government Pension Fund Global (GPFG) investment universe.
Mexican Pensions Take Pride in Success in the Face of Market Turbulence
Mexican pension fund association Amafore reports that the country's schemes have shown an average real return of 2.6% this year through October.
S&P Puts 15 Eurozone Sovereigns On CreditWatch With Negative Implications
Standard & Poor's has revealed that the debt crisis has prompted 15 Eurozone nations to be put on review for possible downgrade.
Report: Insured Pension Risk Transfer Solutions Stand to Rescue Struggling DB Plans
Dietrich & Associates, a US pension risk transfer advisory firm, has released a new whitepaper with the goal of evolving the conversation surrounding pension risk and liability driven investing.
Russell's FX Guru Steps Down
Consultant and currency guru Cynthia Steer has left Russell Investments.
CalSTRS, Boeing, Ford Foundation Among Winners of aiCIO Industry Innovation Awards
Wake Forest University, Eastman Kodak, Alberta Investment
Management, and the Missouri State Employees’ Retirement System round out the
list of asset owner winners.
Pension Turbulence the Reason for American Airlines Bankruptcy?
The bankruptcy of AMR Corp, the parent company of American Airlines, is just another example of the impact that pension plans can have on a company’s corporate finances, industry sources say.