European Rate Cut Could Add to Investor Woe
The European Central bank is pondering a rate cut - it could hit institutional investors in the pocket.
News
Verizon, Prudential: Annuities 'At Least' as Safe as DB Pensions
Verizon, which is being sued by retirees to block its pension-risk transfer to Prudential, argues members will be better protected if the deal closes.
Irish Pension Fund to Boost Country's Businesses
The Irish fund earmarked for state pensions is to be plundered to help strengthen the national economy.
Muted Welcome for UK Pension ‘Smoothing’ Proposals
Corporate pension funds in the UK might have a reprieve from asset and liability volatility.
Kentucky = Worst-Funded Public Pension in US
Move over Illinois: The Kentucky Retirement System reported a funding ratio of 24.5% today, according to a former trustee.
Corporations Heading for Record Pension Deficit
Aggregate deficit has grown by roughly $124 billion thus far in 2012, according to consulting firm Mercer Investment Consulting.
Yale Style: More Exclusive Than Ever
The financial crisis left many endowment-style investors smarting—and reevaluating their model—according to two of State Street’s top researchers.
Hedge Funds: Victims of the Financial Crisis, or Not?
An academic paper aims to investigate the prevalence of liquidity shocks and fire sales among hedge funds.
California Gov. Calls to Pensions, SWFs, Endowments for High-Speed Rail
In what could become the most expensive public-works project in US history, California Governor Jerry Brown is seeking support from institutional investors to build a bullet train linking some of the largest cities.
Can Investors Get High Returns From Marijuana?
A new commodity may be about to find a place in investment portfolios – how high can returns on marijuana go?
Ex-Employee Claims State Street Hierarchy ‘Approved’ Middle East SWF Overcharging
Senior managers gave the go-ahead for the State Street transition management team to take “undisclosed mark-ups” on bond trades for one of the Middle East’s largest investors, a former employee has claimed.
Latin America Shines as the Emerging Market Hotspot, Paper Says
A new academic paper examines cross-country differences in the diversification benefits that emerging markets offer, and why Latin America may be the best deal for foreign investors.
Verizon Retirees Sue to Block Pension-Risk Transfer
The handover to Prudential strips members of ERISA and PBGC protection, which, the retirees argue, leaves them shouldering extra risk.
Your Contract or Mine?
A paper out of Oxford and Stanford gives the pros and cons of London vs. offshore, and standard vs. custom when it comes to contracts.
Why Private Equity 'Collusion' Is Not Always a Danger
Morten Sorensen, a finance professor at Columbia Business School, analyzes the implications of a class-action lawsuit, alleging that Blackstone, Kohlberg Kravis Roberts (KKR), and Bain Capital Partners allegedly colluded to lower the prices of takeover targets--and what it all means for the private equity industry.