According to Andrew Ang, professor of business, finance and economics at Columbia University, endowments around the country need to do a better job at figuring out how to allocate money among liquid and illiquid assets.
A North Carolina-based manufacturing company has used pension plan assets to purchase a “portfolio protected buy-in" policy, transferring investment and longevity risk to a Prudential Financial Inc. unit.
Swedish pension fund AP2 has decided to establish a joint venture with US pension fund/asset manager TIAA-CREF, with a goal of investing in agricultural real estate in the USA, Australia and Brazil.
Aiming to increase efficiency while lowering waste and redundancy, the nation's largest public pension fund has captured $963 million in cost savings in 2010, with an additional $287 million of savings targeted in 2011.
Connecticut Retirement Plans & Trust Funds has selected Hewitt EnnisKnupp and Russell Investments as semifinalists for its new general investment consultant.
Over a span of three months that saw Goldman Sachs sued and settle and financial reform debated and pass, aiCIO spoke with Sorkin, a New York Times reporter and the author of Too Big to Fail, for a special extended Interrogation.
With $7.2 billion (£4.5 billion) of risk transfer deals completed over last year, the second quarter of 2011 looks to be a record quarter for the number of buyin and buyout deals completed in the UK, according to consultancy Hymans Robertson.
Since the arrest of International Monetary Fund (IMF) head Dominique Strauss-Kahn, PIMCO's Mohamed El-Erian has asserted that the likelihood of Greece defaulting becomes greater.
As the federal government reached its $14.3 trillion legal limit on its debt, Treasury Secretary Tim Geithner tells Congress he will start targeting federal pension funds.
