With Steep Market Slide, Schemes Urged to Stay Calm
As stocks tumble worldwide with Treasury yields near record lows, pension funds are urged to stay calm and maintain a long-term view.
Newsmakers
Research Shows Rising Popularity of Interest Rate Hedging Among UK Schemes
F&C Research shows interest rate hedging jumped 24% in Q2 this year after falls in short-term interest rates.
Searching for Higher Yield, OTPP Engages in Shareholder Activism
The Ontario Teachers' Pension Plan (OTPP) is pressuring New York-based McGraw-Hill for changes that would boost the share price.
PIMCO's Gross Echos Harvard Professor, Saying US Economy Is at 'Tipping Point'
While the economy hasn't yet dipped into a recession, it may be at a 'tipping point,' according to PIMCO's Bill Gross.
With 11.7% 2010 Return, China's CIC Is Cautiously Optimistic
After boosting its allocation to equities and alternatives, the CIC has posted a 11.7% return for second year in 2010.
BlackRock Says SWFs Remain Committed to the Euro, Despite Crisis
A senior money manager at BlackRock has asserted that the euro's resilience amid the ongoing crisis among euro-zone members "underscores that sovereign wealth funds continue to believe in it."
IMF Urges Reforms in Britain's Public Pension System
The International Monetary Fund has urged the UK to implement new reforms in its public pension system, asserting that more could be done to improve structure and cost.
PIMCO's El-Erian: Debt Deal Will Only Bring Temporary Relief
PIMCO's CEO Mohamed El-Erian says that if passed, the debt deal should lift markets, but a downgrade is still a threat.
Northern Trust: US Institutional Plan Sponsors Achieve Positive Q2 Returns
US institutional investment plan sponsors in the Northern Trust Universe gained 1.2% at the median, the firm's latest research reveals.
Investors Can Receive Best Returns With Smallest Asset Managers, Research Shows
Global equities managers with smaller assets and fewer staff members receive the greatest excess returns, new research shows; at least one large US pension fund is investing accordingly.
Oklahoma Joins States Looking Into 'Fraudulent' Transactions
Oklahoma's attorney general is launching an investigation into the state's pension investments based on fraud found in California, Virginia, and Florida.
As Pensions Continue to Pursue Infrastructure, Ontario Teachers’ Acquires Parking Service
Just one week after increasing its airport holdings, the Ontario Teachers’ Pension Plan has acquired Impark, the third largest parking service company in North America, in a move indicative of pension funds’ increasing interest in infrastructure.
Billionaire Investor Soros Abstains From Running External Money
After more than 40 years running hedge funds, billionaire investor George Soros is set to retire from managing money for outside investors.
Public Pensions Mull Shift from DB to DC
Are many American public pension plans moving toward adopting defined contribution plans?
UK Pension Buy-Ins Reach Record £3 Billion
The combination of favorable market conditions and impending increased capital requirements for insurance firms has spurred a record £3 billion in UK pension buy-ins, KPMG reports.