Pittsburgh Avoids Pension Takeover
The Pittsburgh, Pennsylvania municipal pension plan had been threatened with a state takeover; by achieving a funding status over 50%, they have avoided it – for now.
Newsmakers
Amid Competitive Outsourcing Landscape, PIMCO to Disband Endowment-Style Fund-of-Funds Group
Pacific Investment Management Co. (PIMCO) may fold its fund unit championing endowment-style investment, Bloomberg has reported.
Pension Proposal Seeks Removal of Goldman CEO Blankfein as Chairman of Board
The pension plan of the American Federation of State, County & Municipal Employees has filed a shareholder proposal, saying that an independent chairman would provide checks and balances in the structure at Goldman Sachs.
CalPERS Censures Board Member, Implements Governance Reforms
CalPERS has publicly censured a board member for alleged involvement in a personnel action based on complaints filed by coworkers in addition to adopting governance reforms.
ADIA Opens Up, Reveals Rising Long-Term Returns
The Abu Dhabi Investment Authority (ADIA) has issued its yearly statement, documenting its investment strategy and holdings.
BlackRock CEO: European Equities Trump Debt
Laurence Fink, CEO of BlackRock, says that European equities and stocks that pay dividends are still a wise bet amid current tumultuous markets.
Caxton Founders Retire, Tap CIO as Successor
Caxton Associates co-founders Bruce Kovner and Peter D'Angelo are retiring from the $10 billion hedge fund, and will be succeeded by Chief Investment Officer Andrew Law.
Following Obama's Infrastructure Push, CalPERS Echos Commitment to Asset Class
The California Public Employees’ Retirement System (CalPERS) has targeted $800 million for investment in California Infrastructure.
Little-Known Hedge Fund Manager Joins Buffett's Berkshire Hathaway
Warren Buffett has chosen a second little-known hedge-fund manager to handle a portion of Berkshire Hathaway Inc.'s colossal investment portfolio.
Cover Story: Sacramento's Kings
From aiCIO Magazine's Fall 2011 Issue: An exclusive interview with two of the most influential chief investment officers in America - Chris Ailman of CalSTRS and Joe Dear of CalPERS.
Awkward Question: Can Dying Pensioners Save Pension Investing?
From aiCIO Magazine's Fall 2011 Issue: Life Settlement Assets may make people uncomfortable – but they also may save corporate pensions.
Buy Lists: How the Sausage Is Made
The Consultant Corner From aiCIO Magazine's Fall 2011 Issue: Are buy lists constructed in a fair and reasonable way? Or, is there more that goes on behind closed doors?
With LDI to the Fore, It’s NISA Time
From aiCIO Magazine's Fall 2011 Issue: Every decade produces an investment manager that captures the spirit of its times. To come to terms with the elephant in the room in the risk-averse world of corporate pension plans, look no further than St. Louis, Missouri.
Establishment Series: The Who’s Who, Transition Management Edition
From aiCIO Magazine's Fall 2011 Issue: The who’s who of transition management.
Roland Lescure Thinks Diversification Is an Illusion
From aiCIO Magazine's Fall 2011 Issue: Montreal-based Roland Lescure—Chief Investment Officer for the US$152 billion Caisse de Dépôt et Placement du Québec—talks with aiCIO about diversification, its failings, and what this means for investment circa 2011.