According to New York City Comptroller John C. Liu's testimony before a joint hearing of the New York State Assembly Ways and Means Committee and the State Senate Finance Committee in Albany, the city's pension funds' 6-month return has topped 16%.
Tony Hayward, the former BP chief executive, has reportedly been approached by Abu Dhabi's sovereign wealth fund -- the Abu Dhabi Investment Authority (ADIA) -- to set up a new global oil company.
In a 2,000-word diatribe, PIMCO's Bill Gross has said that Central bankers compare unfavorably to the devil and that money managers have failed to properly allocate capital.
New York City Mayor Michael Bloomberg has proposed a major overhaul of the city's expensive pension system, which he has said would be his administration's No. 1 priority in Albany.
With the help of former Conservative pensions spokesman Nigel Waterson, Danish pension ATP is set to launch an alternative to the National Employment Savings Trust (NEST) targeting low to middle-income earners.
As popular unrest and protests diffuse from Egypt and Tunisia to Jordan and Yemen, investment consultants remain calm, keeping a watchful eye on emerging markets while suggesting a long-term view.
The United Kingdom’s Pall Pension Fund has offloaded millions in longevity risk relating to younger and current employees – a first for any fund, hedge provider JP Morgan is claiming.
Singapore's GIC, the biggest shareholder in Citigroup and UBS, plan to hold onto its stakes in the two banks for the long-term, executive director Tony Tan told reporters in the Swiss town of Davos.
In one of the largest forestry estate transactions in Australia, Alberta Investment Management Corporation (AIMCo) has agreed to acquire, together with partner Australia New Zealand Forest Fund (ANZFF), the timberland assets of Great Southern Plantations (GSP) for a total purchase price of $417 million.
Data gathered from 850 US colleges, universities and affiliated foundations participating in the 2010 NACUBO-Commonfund Study of Endowments has shown a sharp improvement in investment returns.
As private equity firms aim to become increasingly diversified asset managers following the financial crisis, Carlyle Group has agreed to buy AlpInvest Partners to expand its asset management operations.
In an effort to realign its pension accounting, Verizon Communications plans to report a $600 million pension charge in its 2010 earnings, simplifying the view of its accounts for current investors.
A report from the Center on Budget and Policy Priorities has concluded that misunderstandings regarding state debt, pensions, and retiree health costs are exaggerated.
Both the $226.6 billion California Public Employees' Retirement System (CalPERS) and the $146.4 billion California State Teachers' Retirement System (CalSTRS) have achieved returns of more than 12% in 2010.
