Penn. Governor: Fire Managers to Close Pension Gap
The state budget proposes forcing its public plans into low-cost investment strategies to help cut $10 billion in unfunded liabilities.
News
Sun Life Seals Canada’s Biggest De-Risking Deal
The US$4 billion longevity swap for telecoms company Bell’s pension is “ground-breaking,” says the insurer.
HBOS, Lloyds Appoint Joint Pension CIO
Two of the UK’s largest high street banks are streamlining the management of their pension funds with the appointment of an outsourced CIO.
Poor Hedge Fund Returns Set to Last, Say Investors
Investors
are lowering expected returns and risk for hedge funds, according to Deutsche
Bank.
UK Pensions Told to Copy Canada, SWFs
UK pensions should be able to compete on the international stage, and can draw inspiration from major overseas investors, London’s pensions body believes.
HBOS Pension Investment Chief Exits
Larissa Benbow has left her role at the helm of the UK bank’s £10 billion pension.
Yale Sticks to Endowment Model, Despite Critiques
The $24 billion endowment has targeted a combined allocation of just 11% to fixed income and domestic stocks.
Liabilities Soar for the $20 Billion Club
New
mortality tables added nearly $30 billion in liabilities to the US’ largest
corporate pension plans in 2014, according to Russell Investments.
The Consulting Fund Manager: Mercer AUM Hits $115B
A busy year for the consultant-turned-investor saw its global assets grow by 33%.
Future Fund Alts Head Joins Hedge Fund Standards Board
A Forty Under Forty alum has joined a group seeking to raise disclosure and governance standards in hedge funds.
Investors Renew Faith in Hedge Funds
But fees and regulation worry asset owners and managers alike, according to Preqin.
Bob Grady Joins PE Firm Gryphon Investors
Four months after his exit from the New Jersey pension plan, the former White House policy advisor is returning to direct private equity investments.
Scapegoats and Self-Interest: Why CIOs Pick the Wrong Managers
Expected future returns are way down the list when considering a new manager, academics have claimed.
$4T Investor Group Backs UN Human Rights Initiative
Swedish and Dutch pensions are among a 60-strong group of investors calling for companies to take into account the risks of failing to uphold employees’ human rights.
UK Infrastructure Project Plots Expansion
A collaboration backed by some of the UK’s largest pensions is aiming to roll out more products.