The $300 billion sovereign wealth fund's supervisory board Chairman Jin Liqun said at an address at the Super Return Asia 2010 conference that the CIC will not invest in areas with repuational risk -- such as defense, casino and alcohol-related sectors -- and sees more room to collaborate with global institutions.
South Korea's National Pension Service has committed to invest $300 million in troubled North American real estate through Townsend Group, the latest sign that foreign investors are delving into US property in hopes of steady return and rebounding markets.
A $452 million bid for the city’s parking system, if approved by City Council, would allow Pittsburgh’s 25% funded pension to avoid the fate of being taken over by the state.
The latest quarterly “flow of funds” report issued by the central bank reveals US corporate defined benefit and defined contribution plans had combined assets of $5.32 trillion as of June 30, a dip from three months prior.
New York-based Columbia's endowment rose 17% in the past year, outperforming major stock-market indexes as well as some other elite universities in the most recent fiscal year.
California
Governor Arnold Schwarzenegger has dropped a proposal for the state's
pension fund to lend the state government $2 billion to help shrink its
budget gap.
The investment in the fund, which will target Southeast Asian infrastructure and new energy projects, is yet another sign of China's heightened financial importance in the region.
A coalition of investors is putting pressure on stock exchanges to require listed companies to report how environmental, social and governance (ESG) factors into their business strategies.
With the launch of its first active equities fund in April, PIMCo is planning to offer four or five additional global equity strategies in the next few years.
The Cambridge, Massachusetts-based university's return in the year to June outpaced its own benchmark, reaffirming its belief in the endowment model of investing.
Canada Pension Plan Investment Board and Onex Corp., the nation’s
biggest buyout firm, seek a $1.6 billion buyout loan as part of a debt
package to fund their buyout of Tomkins Plc, two people familiar with
the situation told Bloomberg.
