As private equity firms aim to become increasingly diversified asset managers following the financial crisis, Carlyle Group has agreed to buy AlpInvest Partners to expand its asset management operations.
In an effort to realign its pension accounting, Verizon Communications plans to report a $600 million pension charge in its 2010 earnings, simplifying the view of its accounts for current investors.
A report from the Center on Budget and Policy Priorities has concluded that misunderstandings regarding state debt, pensions, and retiree health costs are exaggerated.
Both the $226.6 billion California Public Employees' Retirement System (CalPERS) and the $146.4 billion California State Teachers' Retirement System (CalSTRS) have achieved returns of more than 12% in 2010.
The Pension Insurance Corporation (PIC) has offloaded millions of dollars worth in risks as it seeks to free up capital, positioning itself to better compete for new business in the UK.
In a significant milestone, the largest US public pension is worth as much as when Lehman Brothers Holdings went bankrupt in 2008, Bloomberg is reporting.
In what parent company Allianz called a "natural part" of the bond fund manager’s push from bonds into stocks and other investments, the Pacific Investment Management Co. has planned to assume control over the selling of its mutual funds.
The Los Angeles County Employees Retirement Association (LACERA) has reportedly axed Goldman Sachs Asset Management's mandate to bring the core-plus exposure in line with the fund’s fixed-income suballocation targets.
Tim Thonis, pension administrator of the Ventura County Retirement Board in California, resigned unexpectedly, and while speculators blame years of failed promises over pay raises, he cites governance as the reason.
The bank has formed a deal with Paternoster, acquiring all of the
shares in the pension insurer to nearly double Goldman's $4.7 billion
insurance business in the UK.
While Florida lawmakers are resolute on revamping the state and municipal pension system, union members from the AFL-CIO labeled allegations that Florida's public employee retirement plans are underfunded and provide lavish benefits as "myths."
The prominent former public official, who was in charge of
the New York City public school system for eight years, rails against pension
accounting assumptions in a Monday opinion piece.
Since the financial crisis hit, the US regulator has been especially keen on hunting down public pensions for lack of transparency about their investments and about information regarding their financial impacts on the state.