A new OECD report shows that having weathered the financial crisis, pension fund asset levels in most countries continue to show strong growth and are on the way to returning to pre-crisis levels.
The combination of favorable market conditions and impending increased capital requirements for insurance firms has spurred a record £3 billion in UK pension buy-ins, KPMG reports.
US private equity firm The Carlyle Group is seeking to sell up to £200 million ($326 million) of equity in RAC, the roadside rescue business it purchased from Aviva for £1 billion a month ago, The Sunday Telegraph has reported.
Venture capital firms provided 5% less funding to start-ups during the second quarter of 2011 compared to 2010, Dow Jones VentureSource reported; a lack of institutional investors to fund the venture capital firms may be to blame.
A new report that warns of a “carbon bubble” argues that the world’s financial markets have vastly inflated the value of fossil fuel reserves because future regulation will ensure that most of it will remain in the ground.
As state and municipal governments face severe financial pressures and scarce levels of cash, perhaps more creative approaches are needed -- industry observers note that in-kind contributions may be one necessary, helpful option.
A survey from consultancy Towers Watson has shown that insurance companies are prepared to take more risks in investing, fueled by pressure from low interest rates.
The Massachusetts Laborers’ Pension and Annuity Funds has sued Rupert Murdoch and other News Corp directors over lack of oversight and a breach of fiduciary trust, adding to a growing list of investor lawsuits hitting News Corp in the midst of the phone hacking scandal.
The Court of Appeals of Maryland has ruled that Milliman, Maryland State Retirement and Pension System’s actuary from 1982 to 2006, is liable for damages of approximately $73 million for faulty actuarial valuations that left the state’s plans underfunded.
The Ontario Teachers’ Pension Plan has made an agreement with Australian Airport owner MAp Airports in which the two parties will swap holdings in three different international airports.
As investors continue to allocate new capital to hedge funds despite volatile markets, new data from Hedge Fund Research -- which tracks asset flows and performance figures -- has shown that global hedge-fund assets rose to a record $2.04 trillion by the end of the second quarter.
The Reserve Bank of India has objected to a plan to create India’s first sovereign wealth fund by carving out billions from the country’s foreign exchange reserves.
