MassPRIM's Travaglini to Quit Pension Fund
The executive director of the Massachusetts Pension Reserves
Investment Management Board (MassPRIM) is stepping down next month, a
treasury staffer said Monday.
Newsmakers
The Pensions Trust to Review Investment Strategy With New CIO
David Adkins has been appointed as the trust's chief investment
officer.
CalPERS Delays $600 Million More From State
Citing a $19.1 billion budget deficit, the largest US public pension
delays taking hundreds of millions of dollars more from the state to
pay for employee retirement benefits next year.
TIAA-CREF Seeks Endowment Management
The New York-based retirement plan provider is looking for money
managers from colleges and foundations and may announce the initiative
as soon as this week.
China's SWF to Pump $1.23 Billion Into Penn West
Penn West is selling 45% of oil-sands properties to the $289 billion
China Investment Corp.
Departing Cornell CIO Plans to Start $150 Million Hedge Fund
James Walsh plans to leave his position as CIO at Cornell University
to start a hedge fund targeting institutional investors.
Australian Road Operator May Reject Canadian Pension Bids
Transurban,
Australia’s biggest toll road operator, plans to raise enough capital to
finance its acquisition of
Sydney's troubled Lane Cove Tunnel.
Norway’s SWF Sees Green Shoots After Market Downturn, Posts 3.9% Q1 Return
Yngve Slyngstad, head of Norges Bank Investment
Management, the central bank’s asset management arm, said he sees market
turmoil as an opportunity and not a threat.
Opinion: Mutual Funds in Times of Crisis
Head of Global Consulting at Strategic Insight Daniel Enskat examines the influence of mutual funds in turbulent economic times.
Opinion: UK Elections 2010: Candidates Await Their Fate
The Conservatives, headed by David Cameron, lead Labour in the seat count in the House of Commons, but exit polls suggested that Conservatives would fall short of the 326 seats needed to form a majority by about 20 votes.
Secretive SWFs Meet in Sydney
More than 24 sovereign wealth funds will meet in Sydney this week
for a three-day closed conference.
California Sues Two Former CalPERS Heads
The state is suing California pension fund officials Federico
Buenrostro Jr. and Alfred R. Villalobos for their role in an alleged
scheme to obtain business for investment firms, providing pension
officials with luxury trips and other gifts.
Dutch Pension Drops Goldman, Citing Falling Performance
Fund’s statement says Goldman
failed to meet expectations, yet does not refer to the civil fraud
charges filed April 16 against the U.S. bank.
Ontario Teachers’ Looks for New PE Chief
Erol Uzumeri will leave Canada’s third-biggest retirement-fund
manager to start his own money management firm.
Goldman CEO Blankfein Calls Fraud Case 'Totally Political'
Lloyd Blankfein counters the SEC's fraud allegations, signaling that
Goldman will aggressively fight the charges in court.