Hybrid pension plans maintained by state retirement systems are a proven to deliver pension income security, retain essential staff, and provide important economic stability to every city, town, and state across the country, CalPERS says.
Robert North, New York’s chief actuary, is recommending that the city’s schemes lower its assumed annual rate of return on assets to 7% from 8%.
The world's largest custody bank is close to finalizing parts of a lawsuit filed by federal prosecutors over misrepresenting currency trades.
Little if any research has been conducted on the value of chief investment officers -- measuring performance relative to their paychecks -- until now.
Bob Doll, Chief Equity Strategist for Fundamental Equities at BlackRock, predicts a "slow growth" world, with Europe slipping into a recession while US stocks achieve double-digit gains.
Unlike last year's bullish predictions, Goldman Sachs Asset Management chairman Jim O’Neill has outlined a slightly less optimistic array of predictions for 2012.
A newly released article explains that institutional investors are seeking to better understand and invest more heavily in clean tech private equity.