News

Report Shows Small University Endowments Outperform

Preliminary data from 80 colleges and universities gathered for the NACUBO-Commonfund Study of Endowments to be released in January shows that broad gains in the stock market last year helped college asset pools earn their first positive investment return in three years, with the smallest endowments performing better than the largest ones.

Photo Gallery: CIOS UK 2010

See photos of aiCIO's successful October Chief Investment Officer Summit in London. Designed specifically for the key decisionmakers at the world's largest asset owners, the event featured an array of panelists -- including  Jay Vivian, former managing director of IBM Retirement Funds, and Mark Gibbens, Chief Investment Officer of Alcatel-Lucent -- as well as keynote speaker Nassim Taleb.

CalSTRS Seeks Risk-Based Allocation Approach, Lower Return Forecast

The $132 billion pension fund’s governing board will discuss implementing a radical new asset allocation that will divvy up the scheme's assets based on their characteristics - like sensitivity to inflation, stable return, or growth - rather than equity or debt.

Ireland Urged to Use Pension for 'US-Style Stimulus'

Glas Securities has said that Ireland's National Pensions Reserve Fund (NPRF), created in 2001 to pay for future pension liabilities, should consider using its state pension fund to hedge against the impact of a planned budget squeeze.

PIMCo's El-Erian Warns of the 'New Normal', Says Fed's Moves Could Spur Inflation

Mohamed El-Erian, CEO of the Pacific Investment Management Co. (PIMCo), who popularized the phrase "new normal" to describe how growth will be depressed by consumer retrenchment and tighter financial regulation, says the Fed's purchase of Treasuries will lead to faster global inflation while failing to revive US economic growth.