PIMCO's Gross Isn't Just Treasury-Neutral –- He's Shorting Them
Bill Gross, who for months has spoken openly of a Treasury bubble, is now short US government debt.
Newsmakers
UK Funds Are Hampered by Carbon Rules, But Will US Funds Face Similar Pressures?
The answer: No.
The Battle Over Inflation
As institutional investors fret over threats of rising inflation, the Federal Reserve is easing fears.
For PE & VC Fundraising, US Up and Europe Down
Research from Dow Jones shows that in the US, private equity and venture capital fundraising has rebounded.
Endowment CIO: Lengthy Asset Allocation Process a Non-Issue
The head of the $920 million University of Kentucky Endowment Fund notes that the months-long process of implementing asset allocation changes is not a major issue for the fund, due to its long-term time horizons.
Norway's Finance Ministry Urges SWF to Lower Exposure to Europe
In an annual report on the management of Norway's Government Pension Fund Global, the government expressed plans to reduce exposure to European markets while increasing stakes in emerging markets.
SD Pension Recoups Investment Losses, Continues 'Focus on the Long-Term'
The $7.8 billion South Dakota Retirement System has recovered the entirety of its investment losses following the financial crisis, with the system's assets growing more than 23% since the state budget year began July 1.
CalPERS, CalSTRS Unleash Database to Aid in Corporate Board Searches
CalPERS and CalSTRS are establishing a new database of potential independent directors, offering companies a facility to recruit individuals for a director’s seat.
With ESG Interest Growing, FTSE Launches Benchmark
As institutional investors around the world increasingly adopt responsible investment practices, FTSE has rolled out an index service -- FTSE4Good ESG Ratings -- to measure the environmental, social and governance (ESG) strategies of public companies worldwide.
With Pittsburgh Bond Downgrade, a Mayoral Lament – and an 'I Told You So'
Mayor Luke Ravenstahl had proposed multiple fixes to the city’s severely underfunded pension system, but Council opposition produced another plan – one that rating agency Standard & Poor’s has found wanting.
Italian Economy Minister Reveals Plans for State Investment Fund
Spurred by efforts to curtail foreign takeovers of certain industries deemed to be strategic, Italian Economy Minister Giulio Tremonti has been given the green light to set up a state investment fund.
Does Baseball Predict Wall Street’s Fortunes?
On the Opening Day of America’s national pastime, Editor-at-Large Joe Flood muses on what the Red Sox and Yankees' ultimate success or failure means for Wall Street’s fortunes.
NEST Champions Responsible Investing Among UK Pensions
The National Employment Savings Trust (NEST) has said it will act as a benchmark for UK pensions on responsible investment practices.
Australian Fund Manager Outsources to Northern Trust
QIC, an Australia-based investment solutions provider, has outsourced its middle office functions to Northern Trust.
With Echoes of Fortress and Blackstone, Apollo Goes Public
The private equity firm has raised $565 million in the
public markets – but is it a sign of confidence renewed, or confidence
unfounded?