News

Dubai World, under Duress, Plans To Sell Assets

 

Dubai World plans to sell assets for cash, but the government continues to maintain that it has no financial responsibility for the sovereign wealth arm that it created to fund the city’s growth.

Investigations Deepen at CalPERS

 

The SEC has asked the nation’s largest public pension fund whether two former officials had any contact with an alternative investment manager convicted of paying officials for access to funds.

UK Merger Market Hurt by DB Pensions

 

A CBI/Watson Wyatt study also shows that corporate profits are more often than not hurt by the pension costs associated with defined benefit systems.

Canadian Pensions Both Worried, Proud

 

A new poll shows that, while Canadian pension plan sponsors are worried about meeting their liabilities, they still are confident that the national retirement system is better equipped to handle future challenges than the rest of the world.

Investors Demand Climate-Change Risk Transparency

 

A group of investors that includes CalPERS, CalSTRS, bcIMC, and others has petitioned the SEC in hopes of requiring companies to disclose balance-sheet risk relating to climate change.

CalPERS’ Board Votes To Restrict Placement Agents

 

Following a national trend and hoping to align itself with new state laws, pension giant CalPERS has increased disclosure requirements for investment managers that utilize placement agents.