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.
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.
A civil grand jury in San Francisco has told the city’s employee pension system to change its investment strategy, assumed rate of return, and transparency policies.
The largest listed UK fund house has lost one of its key multi-asset managers, while the much maligned fund-of-hedge funds industry takes on new staff to cope with demand.
The new plan for 2012 to 2017
emphasizes the long-term goals and strength of the system, and suggests CalPERS
will continue to engage with its critics.