With Deteriorating Financial Situation, Moody's Slashes Illinois County Rating
Moody's Investors Service has given Illinois' biggest county a rating downgrade.
Newsmakers
As Greece Dumps Infrastructure, Do Institutional Investors Stand to Gain?
While institutional investors may view Greece's selloff of state assets to get loans as an opportunity, some say it's too early to tell.
PIMCO Chief Raises Alarm Over EU’s Greece Indecision
Mohammed El-Erian, chief executive officer of Pacific Investment Management Co. (PIMCO), has warned that the European Union risks wasting billions and possibly precipitating a wider sovereign debt crisis as a result of inaction in Greece.
Greenspan: Greek Default “Almost Certain,” Could Cause Double-Dip
Former Federal Reserve Chairman Alan Greenspan declared in a June 16 interview that a Greek default is “almost certain” and could precipitate another U.S. recession.
After Debate, NJ Dems Join Sweeney in Supporting Christie’s Pension Reform
After a months-long debate stretching back to February, New Jersey Governor Chris Christie has reached a deal with the state’s Democrats to overhaul the pensions and benefits of public employees.
TimberWest Approves Pension Fund Takeover
Shareholders of Vancouver-based TimberWest Forest Corporation have overwhelmingly approved a $1.03 billion takeover by two Canadian public pension plans.
Interrogation: Roger Gray Thinks Governance Equals Performance
From aiCIO Magazine's Summer Issue: Gray—via Oxford, Harvard, Rothschild, UBS, and Hermès—arrived at the United Kingdom's US$52 billion Universities Superannuation System in 2009, intent on furthering internal management and governance strength.
Book Review: Money and Power and Indiscreet Emails
From aiCIO Magazine's Summer Issue: William Cohan's Money and Power: How Goldman Sachs Came to Rule the World is the latest addition to a renaissance in financial writing.
Oasis—Or Mirage?
From aiCIO Magazine's Summer Issue: Securities lending is blooming once again -- but which model of lending will see fortune shine upon it more?
ETFs: Institutional in Origin, Institutional in Outlook
From aiCIO Magazine's Summer Issue: Institutions' deployment of ETFs fall into four categories -- portfolio tactics, liquidity management, equitization, and transition management.
Nominations Open for aiCIO Industry Innovation Awards 2011
Nominations are now open for aiCIO's annual Industry Innovation Awards for asset owner and asset management/servicing categories.
BlackRock Names Terrence Keeley Head of Official Institutions Group
BlackRock, the world’s biggest money manager, has hired Terrence Keeley to lead a unit overseeing relations with sovereign funds and central banks.
BNY Mellon Allegedly Cheated MassPRIM Out of $20 Million in Foreign Exchange Trading
Massachusetts State Treasurer Steven Grossman and MassPRIM Executive Director Michael Trotsky in a June 13 press conference announced that the state’s $50 billion pension fund had been overcharged $20 million on foreign exchange trading by BNY Mellon.
Consultant Corner: Investment Outsourcing
From aiCIO Magazine's Summer Issue: Is investment outsourcing by consultants a conflict of interest, confusion of responsibility —- or neither?
Reasons Why You're Crazy
From aiCIO Magazine's Summer Issue: University of Chicago professor Eugene Fama's Efficient Market Hypothesis (EMH) has helped lead to a number of important developments for investors.