News

Houston Pension Sues Highland, JP Morgan

A Houston pension plan has sued Highland Capital Management, the debt manager with about $22 billion in assets under management, and JPMorgan Chase & Co. over claims that willful looting led to the shutdown of the Highland Crusader Fund.

Texas Pension Re-Ups Real Estate Play

LaSalle Investment Management won a $200 million mandate from the Texas Teachers' pension fund, matching an earlier investment allocated to real estate around the world.

Foundations Report a Drop in Investment Returns in 2010

Two studies from the Commonfund Institute have revealed that foundations and operating charities have reported an average investment return of 12% in fiscal year 2010 — marking the second consecutive year of double-digit growth, yet a hefty drop from the average investment return from 2009.

Biggest Concern for Bond Investors: Sovereign Debt Problems

According to Fitch’s latest European senior fixed-income investor survey, Europe's sovereign debt crisis remains a major worry with 64% of respondents, up from 56%, expecting developed market sovereigns to face their biggest refinancing challenge.

Study: Institutional Investors Seek ETFs

While ETFs encompass a fraction of institutional investor portfolios, a burgeoning number of these institutions plan to up their use of these investing instruments in the future.