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.
Newsmakers
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?
TIAA-CREF Expands Endowment Management Business With $1 Billion Investment
The $453 billion asset manager TIAA-CREF has said it will invest $1 billion in a new group that will manage money for nonprofits.
CalPERS Creates Newest Exec Position With CFO Role
The California Public Employees’ Retirement System (CalPERS) has appointed Russell Fong as acting chief financial officer (CFO), effective April 4.
South Korea and ADIA Form Strategic Partnership
South Korea and the Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, have formed an alliance for joint investments.
Puerto Rican Governor Claims Pension Fix Seen Within 10 Years
America’s most poorly funded public pension will be “fixed” in eight to 10 years, according to Luis Fortuno.
NYC Comptroller Rolls Out Initiative to Heighten Transparency of Pensions
John C. Liu, New York City's comptroller, has announced plans to provide the public with unparalleled access to information about the city's pension schemes.
Soros: Europe Must Bailout Banks to Restore Confidence
To restore confidence in Europe, George Soros, the philanthropist billionaire and hedge fund legend, says that Europe's bailout fund, the European Financial Stability Facility (EFSF), must take care of the banking sector.
Despite Revisiting Timber Investment, SDCERA Claims No Conflict
SDCERA tells aiCIO that no conflict exists, yet fund CEO Brian White has admitted that a relationship between outsourced CIO Salient Partners and timber investor Molpus Woodlands Group should have been disclosed during the due diligence process.
Seeking to Buy Troubled Mortgages, PIMCO Raises $1.5 Billion
The manager of the world's largest mutual fund has raised more than $1.5 billion for a private pool to buy debt such as troubled commercial and residential mortgages from banks looking to improve their balance sheets.
Scott Kalb Thinks There's Folly in Benchmark Hugging
From aiCIO Magazine: New York City native Scott Kalb is the Chief Investment Officer of the Korea Investment Corporation (KIC), South Korea's government-owned investment management company.
Scott Sleyster Thinks Holistically
From aiCIO Magazine: Sleyster—chief investment officer for Prudential's American operations—speaks on the unique nature of investing in the insurance general account sphere.
Japanese Minister: Don't Rely on Pensions in Wake of Disaster
Japan's Economy Minister Kaoru Yosano said that the country should not resort to pensions to fund disaster relief efforts.
Is Bloomberg Right?
From aiCIO Magazine: An examination of New York City’s pension system – and how Mayor Michael Bloomberg’s recent criticism of various aspects of the plan may be warranted.