Northern Trust has deployed Passport ‘web 2.0’ to improve user experience, allowing clients, including pension officers and investment fund managers, to customize their desktop for efficiency.
Chairman Takahiro Mitani of the world's largest pension fund has warned Japan that it must resolve its debt problems before it reaches a crucial point in five to 10 years.
In order to give investors time to weed through budget proposals coming from Governor Pat Quinn, Illinois will delay its $3.7 billion taxable bond issue.
International Petroleum Investment Co (Ipic), an Abu Dhabi sovereign wealth fund, will take ownership of Cepsa, the Spanish oil refining and distribution group.
In an act of desperation, Illinois plans to raise money from sovereign wealth funds, big banks, and insurance companies to plug its widening pension hole.
Following the departure of the CIO of the Ventura County Retirement Board in California, consultant firm EnnisKnupp bid to provide outsourced CIO services, yet the fund denied the proposal due to costs and perceived conflicts of interest.
AustralianSuper's presence in Western Australia will be one of the largest in the state, as one in four West Australian workers will be members of the Fund, the scheme reported.
With Pittsburgh's pension still less than 30% funded and up against a state takeover earlier this year, the City Council reported good news about the city's schemes, which gained ground in the last three months of 2010.
Citing financial stresses of its large unfunded pension liabilities, the S&P has lowered its ratings on the state of New Jersey's general obligation debt.
The UK's 6,560 final-salary schemes in the private sector covered by the Pension Protection Fund (PPF) have seen their surpluses over their liabilities more than double in January.
