MassPRIM Tackles the Liability ‘Everyone’s Ignoring’
Healthcare benefits pose an enormous—and largely ignored—liability for public pensions, according to the head of Massachusetts’ employee fund Steven Grossman, and he’s decided to deal with it.
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Fresno and Arkansas Pensions Suing Vodka Producer
The two public pensions systems will lead a class action suit against a Polish alcohol company for allegedly lying about the state of its business.
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Australia’s Future Fund to Buy $2 Billion of Infrastructure Assets
The deal includes stakes in major domestic and foreign airports, further swelling the sovereign wealth fund's infrastructure allocation.
San Francisco Pension ‘Under No Obligation’ to Follow Jury Directives
A civil grand jury’s scathing report on the San Francisco’s employee pension system has no legal sway over its investment strategies, according to the former president of the California Grand Jurors’ Association.
Ingredients for Successful Investors: 'Time, Capital, Fortitude'
Legg Mason Capital Management's Michael Mauboussin warns investors to manage expectations.
SSgA Institutional Sales Head Jumps to Rival Pyramis
Maureen Fitzgerald is leaving SSgA for Pyramis; Kristi Mitchem, who had been sharing responsibilities with Fitzgerald, will now take sole leadership of the firm’s Institutional Client Group.
Bonds Bring Good News to Ireland (and its Pension Funds)
Ireland has been beating most of the other struggling Eurozone nations and a bond sale today could help even more.
Bridgewater's Prince: Embrace Risk Parity Across Entire Portfolio
If you're going to allocate to risk parity products as an investor, you should consider utilizing a similar portfolio construction philosophy for your entire fund in order to achieve balance, Bridgwater's Bob Prince tells aiCIO.
Quantitative Easing a ‘Faustian Bargain,’ Says Guggenheim CIO
Central banks may have inadvertently traded their control over inflation for the current low interest rates and eased money supply, according to Scott Minerd of Guggenheim Partners.
Swedish, US Pensions Lead 'London Whale' Lawsuit
JP Morgan provided false information, hiding the real nature of the trades that caused a colossal trading loss at the bank, a group of pension funds have alleged.
Pensions’ Fifty Favorite Hedge Funds
A list of the 50 hedge funds managing the most pension assets, courtesy of Towers Watson.
Does Size Matter? MassPRIM's Bonus Package
Massachusetts public pension system has drawn criticism--including from its own chairman--for the performance bonuses it's set to distribute.
LGIM: US vs. Europe — Who Wins With Equities?
US equities are overvalued, according to Legal & General's Lars Kreckel.
Swedish Pensions Go Under the Knife
One of the most successful European pensions systems is to change how it invests its billions of assets.