Russian Minister Supports Country's New SWF, With Backing From Goldman, Abu Dhabi
Representatives of Goldman Sachs, Abu Dhabi's sovereign wealth fund, and other groups are supporting Russia's hopes for a new government-backed fund.
Newsmakers
Rajaratnam Conviction: A Red Flag for Wall Street
Industry sources say the conviction of hedge fund titan Raj Rajaratnam serves as a warning to Wall Street over the perils of insider-trading.
Study: Passive Beats Active During Rising Stock Markets
New research carried out by students at Uppsala University and reported by Affärsvärlden shows that if the stock market is on the upswing, then a passive management approach across a broader market index may be superior to an active approach.
CPPIB to Profit From Microsoft-Skype Agreement
Microsoft has announced that it has entered into a definitive agreement to buy Skype for $8.5 billion; CPPIB to reap the rewards of its investment.
With ‘Limited Staff Resources’, PBGC Searches for Consultant
Any consultant ultimately hired must understand the “unique nature” of the pension insurer, according to former director Charles Millard.
Custodians Fight Back Against Securities Lending ‘Disintermediation’
With recent mandates seemingly on the rise for third-party
securities lenders, custodians – the traditional bastion of the business – are
fighting back.
Burdened by Pension Debt, Puerto Rico Warned Over Bond Rating
With echoes of other cities and states throughout America,
Puerto Rico has been warned that its massive pension debt could lead to a
credit downgrade.
PIMCO's Gross Urges Investors to 'Revolt' Against US Government, Buy EM Debt
The manager of the world’s largest bond fund, who sold out of all his holdings in US Treasury bonds in March of this year, is pushing investors to move away from Treasuries and seek global investments for better yield opportunities.
Industry Observers: Compensation Imbalance Between Pension CIOs and Asset Managers Is 'Absurd'
Industry experts say the discrepancy between the compensation of pension CIOs and asset managers is unjustified and 'absurd.'
Driven by Dissatisfaction, Aon Replaces Mercer at UK Pension Fund
London Borough of Croydon Pension Fund has hired Aon Hewitt as investment consultant.
Fed Ups Inflation Forecast; Signals End of Bond-Buying
The Federal Reserve has announced that it now expects headline inflation to reach 2.1-2.8% during 2011 before returning to the official target of under but close to 2% in the following year.
In Latest Public Pension Exodus, Chief Investment Officer of CT Scheme Quits
Timothy Corbett, who has been the chief investment officer of Connecticut's $25 billion pension fund since July 2009, has resigned and will head into the private sector.
Former SBCERA CIO Barrett: 'Outsource Everything, or Nothing at All'
Eastman Kodak's Timothy Barrett, the former executive director and chief investment officer at the San Bernardino County Employees' Retirement Association, speaks with aiCIO about the conflicts that public pension funds face when they decide to outsource investment expertise.
BlackRock's Fuhr: ETF Embrace Among Institutional Investors Leads Regulators to Enhance Scrutiny
Regulators have placed more scrutiny on exchange-traded funds as institutional investors have embraced the product, Deborah Fuhr, ETF guru and global head of ETF research at BlackRock, told aiCIO.
Grantham: 'It's Time to Wake Up' to a Paradigm Shift in Commodities
Jeremy Grantham, chief investment strategist of fund manager GMO Capital Management, says that since growth of natural resources is severely limited as population and demand soar, the age of cheap commodities prices is over.