Study: Foundations Use Investments to Promote Mission
A new report from the Foundation Center shows more US foundations are making investments that further their missions.
News
California Governor Announces Pension Overhaul
California Governor Jerry Brown has proposed sweeping rollbacks to public employee pension benefits in California.
Mercer: In the Wake of Interest Rate Lows, Pension Plan Sponsors Foresee Soaring Contributions
A new analysis by Mercer has shown that the funded status for most pension plans is anticipated to drop significantly with plan sponsors facing sharply higher contributions for 2011 and beyond.
Wisconsin Pension Pumps Up Investment in Hedge Funds
The State of Wisconsin Investment Board (SWIB) had invested a total of about $300 million in hedge funds as of August 31.
Report: US Economy Is Doing Well, QE3 Would Solve Nothing
An approach by the Federal Reserve of QE3 would be the wrong path to take to improve the US economy, notes Michael Litt, founder and chief investment officer at Arrowhawk Capital Partners.
Former Goldman Sachs Director Surrenders to FBI on Insider-Trading Charges
Rajat Gupta, a former board member of Goldman Sachs and Proctor & Gamble, has been indicted by US prosecutors and accused of cheating the markets with Raj Rajaratnam, the convicted hedge fund founder who was at the center of the probe.
Los Angeles Scheme Realizes Expected Investment Return Is Too Rosy
The Los Angeles pension board has voted to lower its earnings estimates for the next several years.
Indiana Pension Forced to Divest From Sudan Over Human Rights Violations
The state of Indiana is working to divest itself from companies which do business in countries labeled as state sponsors of terrorism.
MassPRIM May Dismiss FX Partner BNY Mellon
The Massachusetts Pension Reserves Investment Management (MassPRIM) has said it may drop BNY Mellon, its partner on foreign-exchange trading.
Study Sheds Light on Commodity Investments, Questions Volatility, Price Spikes
A study by the EDHEC-Risk Institute questions whether investing in commodities for financial gain has caused heightened volatility and a decade-long rise in commodity prices over recent years.
Survey: UK Schemes Drop Equity Holdings, Focus on Liabilities
A new study by Bluefin Corporate Consulting of defined benefit scheme clients in the UK has found that the main threats to pension scheme funding are widely perceived as being long term interest rates, inflation, and equity performance.
BNY Mellon Survey: Companies Target Sovereign Wealth Fund, Emerging Market Investors
Companies worldwide are continuing to shift their investor relations strategies to expand outreach to sovereign wealth funds and emerging markets, according to an annual survey conducted by BNY Mellon.
Report Claims Public, Private Employer Pensions Have Under-Reserved for Longevity Risk
A new report released by Swiss Re has found that many Canadian public and private employer pension funds have under-reserved for longevity risk.
NAPF Chairman: 'UK's Private Sector Pensions Are Flawed and Inefficient'
In his inaugural speech, Mark Hyde Harrison, the new Chairman of the National Association of Pension Funds (NAPF), noted that defined contribution (DC) pensions in the UK are inefficient and wasteful.
Court Dismisses Pension Lawsuit Against Highland Capital
Highland Capital Management, a Dallas-based investment adviser with approximately $24 billion in assets under management, has announced that a lawsuit from the Houston Municipal Employees Pension System has been dismissed.