Saudi Arabia Planning Second Sovereign Fund
The country's second sovereign wealth fund will invest government budget surpluses.
News
Macquarie Takes BNY Mellon’s Discarded Transitions Team
Despite industry departures, one bank sees growth in transition
management.
JP Morgan's US Pension Team Quits for Boutique
The team has joined an established set of institutional
investors at the new firm.
‘Ironclad’ Ban on Placement Agents for NYC Pensions
A full prohibition of the allocator-manager matchmakers was long overdue, said the city’s Comptroller.
Consultants Accused of Serial Conflicts
A Congressman has pressed the Labor Secretary to look into pension consultants’ “breach of fiduciary duty.”
Oil Giant in ‘Innovative’ £1.6B Pension Buy-In Deal
Total has insured more than half of the liabilities of its UK pension scheme with Pension Insurance Corporation.
Longevity Risk ‘Hugely Underestimated’, Says Bank of America
Bank of America Merrill Lynch has highlighted statistics that throw the global ageing problem into stark relief.
What DC Plans Can Learn from DB
Defined contribution schemes tend to fail on two of three key criteria, a research paper argues, but can look to DB as a role model.
GSAM v Vervoer Battle Over
The dispute over a fiduciary management contract has been settled out of court.
Railpen Eyes Additions to Private Equity Portfolio
The UK pension manager is mulling additions to its alternatives allocation “outside the traditional fund model”.
NYC Pensions Seek More Alternative Investments
State senators have proposed a bill outlining a 10
percentage point increase in exposures to more attractive asset classes and
strategies.
Activists Post Strong Returns, But at a Price
Preqin has
found activist investors returned an average of 11.82% last year but earned a
three-year Sharpe ratio of 0.52, well below the industry average of 0.77.
Mercer Sees ‘Parcelling Up’ of Liabilities as Future Derisking Trend
Pensions across North America and Europe are getting more ambitious in their derisking plans, according to the consultancy firm.
UK Union Launches Attack on CPPIB, APG Over Tax
A workers’ union claims Canadian and Dutch pension funds are “dodging” tax through investments in a London shopping centre.
LDI, the Second Best Derisking Strategy?
Absolute
return strategies could help corporate pension plans better protect its high
funding ratios in today’s rising rates environment, KKR has found.