Pittsburgh City Council President Darlene Harris has proposed another possible option to tackle the city's pension crisis -- -- taking out life insurance policies on those vested in the fund.
According to a report by an independent council, Norway's 3 trillion kroner ($494 billion) Government Pension Fund-Global should take better advantage of its size, lack of liabilities, and long investment horizon.
Ireland's National Pension Reserve Fund, which holds roughly €24.5 billion in assets, may contribute up to €10 billion to cover the cost of the bailout package from the European Union and International Monetary Fund.
The co-founder of New York-based Quadrangle Group Steven Rattner has said Attorney General Andrew Cuomo's lawsuit in a pension-fund kickback case is “close to extortion.”
New York City Comptroller John C. Liu, on behalf of the trustees of the New York City Pension Funds, is calling on directors at Bank of America Corporation, Wells Fargo & Company, JPMorgan Chase & Co., and Citigroup Inc. to conduct an independent audit of their banks’ mortgage and foreclosure practices.
The Gulf country's sovereign wealth fund is expected to purchase a stake in General Motors after it issues its IPO later today; Australian Future Fund Chairman David Murray seeks EU stability.
The Pension Benefit Guaranty Corp., which insures the pensions of one in seven Americans, revealed that its annual deficit increased 4.5% to $23 billion.
The California Public Employees' Retirement System (CalPERS) has bought the rights to license proprietary portfolio management software from Jersey-based Ermitage, and has revealed it will cease releasing its annual Focus List of underperforming stocks.
The country’s largest public pension fund has said it will pour $500 million into 'green' companies, focusing on “top performers that have improved share value and also done good for the environment.”
In the same week that the Canadian government blocked the hostile takeover bid for Potash Corporation by the Anglo-Australian mining group BHP Billiton, two of Canada's largest pension funds have won a 30-year deal to operate a rail route linking the Channel Tunnel with central London.
Yesterday afternoon, the City Council heard from state officials about what a state takeover of city pensions could mean to taxpayers -- the process would result in steeply higher annual pension payments, beginning in 2013.
Norges Bank has made its first real estate investment for the Norwegian Government Pension Fund Global, acquiring a 25% stake in The Crown Estate's Regent Street portfolio in London in March 2010.
