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.
The Pension Insurance Corporation (PIC) has offloaded millions of dollars worth in risks as it seeks to free up capital, positioning itself to better compete for new business in the UK.
In a significant milestone, the largest US public pension is worth as much as when Lehman Brothers Holdings went bankrupt in 2008, Bloomberg is reporting.
In what parent company Allianz called a "natural part" of the bond fund manager’s push from bonds into stocks and other investments, the Pacific Investment Management Co. has planned to assume control over the selling of its mutual funds.
The Los Angeles County Employees Retirement Association (LACERA) has reportedly axed Goldman Sachs Asset Management's mandate to bring the core-plus exposure in line with the fund’s fixed-income suballocation targets.
Tim Thonis, pension administrator of the Ventura County Retirement Board in California, resigned unexpectedly, and while speculators blame years of failed promises over pay raises, he cites governance as the reason.
The bank has formed a deal with Paternoster, acquiring all of the
shares in the pension insurer to nearly double Goldman's $4.7 billion
insurance business in the UK.
