Goldman Closes Quant Hedge Fund; Litterman Retires
Ahead of President Obama’s call to limit proprietary trading at banks, quantitative hedge-fund group chairman retires.
Newsmakers
Japan's Internal Minister Seeks Higher Returns by World’s Largest Public Fund
After the GPIF's rate of return on its investments fell to 10.3%, a record loss of 9.7 trillion yen ($108 billion), Japan’s internal minister calls for a review and more aggressive investment.
Norway Turns Its Back on Tobacco Companies
Norway blacklists 17 tobacco companies from its sovereign wealth fund.
Bonuses Slashed at Missouri's Government Pension System
Gary Findlay, the system’s executive director, calls bonuses “poison.”
Adam Smith Bringing Us Bill Gross…continued from ai5000 Magazine
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Adam Smith…continued from ai5000 Magazine
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Nassim Taleb…continued from ai5000 Magazine
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Amid Debt Crisis, David Jackson of Dubai World’s Istithmar Resigns
Jackson's resignation comes as the investment company struggles to renegotiate about $22 billion of debt.
With Real Estate Holdings Down, CalPERS' Investments Underperform in 2009
Despite positive returns, the retirement system’s portfolio underperformed its internal benchmark.
Ontario Teachers’ Closes Acorn Acquisition
The acquisition is the first European buyout by Teachers’ Private Capital, the Canadian pension fund’s direct investment arm, since it opened a London office in 2007.
Blackstone Raises $9 Billion So Far for New Fund
The New York buyout firm is expected to finish fundraising for its sixth global buyout fund at the end of June.
After Record Loss, Harvard Names A New Chief Risk Officer
The richest and oldest US school names a new risk head of its endowment-management company.
SWFs Raise the Bar: From Passive Shareholders to Active Investors
SWFs are urged to take more active roles in the companies in which they invest.
Size Does Matter: CalPERS Invests in Infrastructure Projects
The biggest US public pension fund plans on bringing infrastructure investments up to 1.5% of its total market value by the end of 2010.