The Massachusetts Pension Reserves Investment Management board announced a rebounding return on the fund's investment trust for the fiscal year.
In the wake of 2008, asset owners are hesitantly returning to the securities- lending world. The landscape, however, has changed dramatically since they left.
Cambridge Associates issued a report showing VC 10-year returns -- considered the most important measurement of the industry -- were negative 3.7% for the period ending March 31.
Preliminary results of a survey by Capital Market Risk Advisors show US respondents ranked “government changing the rules” as their chief concern for the year ahead.
Republican Harry J. Wilson, who's campaigning for state comptroller, called incumbent Democrat Thomas J. DiNapoli’s management of the state pension fund “the largest Ponzi scheme in New York State history.”
Among institutional investors, ETFs have regained a strong foothold.
MetLife Assurance's survey showed pension fund trustees and sponsors are struggling to effectively manage longevity risk, which ranked second only to the measurement of technical provisions and liabilities in importance for respondents.
The active versus passive investment debate has raged within academic circles for decades without resolution. Unfortunately for the world’s asset owners, this has left them wondering what game—Chase alpha? Ride beta?—they should be playing.
UK asset managers indicate growing concern about the UK as a place to do business and call for regulators to respond to the financial crisis.
The consensus: The rise of derivatives and, more recently, extreme equity volatility have driven many asset owners into the arms of risk parity vendors. The debate: Is this a good thing?
The organization is putting pressure on governments and policymakers to try to avoid relying on current market values when determining contributions and to allow "appropriate levels of over-funding in good economic times," among other recommendations.
Europeans (effete liberals!) love it. Public pensions and foundations (goody-two-shoes!) like it. Yet, to American corporate defined benefit plans, socially responsible investing—bearded hippies!—has been anathema to their very existence. Will this ever change?
After a 2.1% loss on its global assets in 2008, the China investment Corp. will likely post its best yearly gain in 2009, boosted by rebounding markets and investment in commodity-related companies.
De Salins, CEO of France's €35 billion Fonds de Réserve pour les Retraites (FRR), spoke with ai5000 in his Paris office about liquidity issues, asset allocation, and, above all, the nuances of responsible investing.