Newsmakers

With Pension Bonus Announcements, Smaller Funds Join Public in Outcry

News that investment managers at the Texas Teacher Retirement System received more than double what every other state agency's top employees have received combined since 2007 has raised concerns that top-performing executives may flee smaller funds with less robust compensation structures.

CalPERS Demands More Info on Pension-Bashing

In response to statements by a CalPERS board member that Wall Street firms seeking to invest with public pensions should disclose if they’ve supported groups critical of government funds, industry insiders have expressed concerns over first amendment rights.

Buffett's Berkshire Hathaway Assumes AIG's Asbestos Risk

A property and casualty unit of bailed-out insurer American International Group Inc. is transferring billions of dollars in potential asbestos liabilities to a subsidiary of Warren Buffett's Berkshire Hathaway Inc.

Ontario Pension Abandons Nuclear Tech Buy

With Japan's nuclear disaster raising fears that the global market for nuclear reactors will not be as robust as previously expected, the Ontario Municipal Employees Retirement System has abandoned its purchase of Atomic Energy of Canada Limited (AECL).

Preqin Blames Madoff for Hedge Fund-of-Fund Downfall

As the overall hedge fund-of-funds industry has dropped from $1.25 trillion in 2008 to $910 billion as of Q2 2011, Preqin blames the changes in the industry on Bernie Madoff, saying investor caution has heightened following his multi-billion Ponzi scheme.

Norway Boasts World's Safest Bonds

As investors have fled riskier assets for bonds in recent years, the International Monetary Fund has reported that only a handful of countries are really deemed as financially safe.