Norway's Sovereign Wealth Fund Buys Eurozone Bonds
Norway's finance minister indicated that the country has bought peripheral European bonds.
Newsmakers
Harvard Endowment Sees 11% Return
The Cambridge, Massachusetts-based university's return in the year to June outpaced its own benchmark, reaffirming its belief in the endowment model of investing.
GIC's Logistics Unit Set to Raise Up to $3 Billion in IPO
The initial public offering of Global Logistic Properties (GLP) aims
to raise up to $3 billion in what could be Singapore's biggest IPO.
CPPIB, Onex to Raise $1.6 Billion of Leveraged Loans for Tomkins Deal
Canada Pension Plan Investment Board and Onex Corp., the nation’s
biggest buyout firm, seek a $1.6 billion buyout loan as part of a debt
package to fund their buyout of Tomkins Plc, two people familiar with
the situation told Bloomberg.
UN Principles for Responsible Investment Boasts 800 Signatories
More than 200 asset owners have signed up.
ADIA Hires Former GM Economist to Improve Investment Decisions
Ted Chu has left Detroit-based US car giant General Motors to join the Abu Dhabi Investment Authority as its chief economist.
Chief of New Mexico Pension Resigns
Bruce Malott, the chairman of New Mexico's educational pension fund, resigned after a disclosure that he borrowed $350,000 from the father of a man who shared in as much as $22 million in finder’s fees from state investments.
Pension Insurance Corp. Serves as Lifeboat for Alliance Boots
Alliance Boots has outsourced part of its pension plan by offloading
about £300 million of retirement fund liabilities to Pension
Corporation.
Aon's Investment Consulting Group Surpasses $1 Billion
The company's growth in assets under management for its US clients
reflects its effort to expand into human resources consulting worldwide.
Amid Bribery Scandal, Suspended Top Investment Officer Leaves CalPERS
A civil lawsuit against CalPERS alleges that placement agent Al Villalobos attempted to "bribe" Shahinian in 2007 by flying him via private jet to New York to attend a fund-raiser honoring Apollo Management LP founder Leon Black -- a month later, Shahinian recommended an investment in Apollo from CalPERS, the suit alleges.
Blackstone Execs Forced to Return $3 Million of Pay
In the firm's first "clawback," Blackstone executives returned $3
million in carried interest to investors in Blackstone Real Estate
Partners International LP during the second quarter.
Illinois TRS May Sell Up to 10% of Investment Portfolio
Unless lawmakers find a solution for the financially-strapped state to make its pension contributions this fiscal year, the $33.1 billion Illinois Teachers' Retirement System will be forced to sell investments to cover benefits.
CPPIB Invests $329 Million in Aussie RE Fund
As part of its latest bid to acquire new Australian assets, the Canada Pension Plan Investment Board says it is providing hundreds of millions of dollars in financing to a restructured Australian retail property fund.
NYSE Confirms Price Reporting Delays That Contributed to the Flash Crash
ai5000's Joe Flood digs into the causes of the May 6th Flash Crash — when nearly 1000 points mysteriously disappeared from the market in a matter of minutes — and unearths internal analysis leaked from a Bank That Shall Not Be Named, surprising new data from the market research firm Nanex, and a first-time admission from the NYSE: that there were significant price reporting delays on May 6th, delays which contributed to the Crash.
PE and Infrastructure Spur Growth of Caisse de Depot in H1
Caisse says it was able to beat the average loss of Canadian pensions
for the first half of 2010 by focusing on fixed income and alternative assets,
while reducing holdings of stocks.