The $2.4 billion Detroit General Retirement System, the $3.4 billion Detroit Police and Fire Retirement System, and four individuals, including the chairs of both boards, have sued Michigan Gov. Rick Snyder over emergency powers.
With the purchase of $1 billion worth of physical gold at record prices, some are wondering whether UTIMCO is making an investment decision – or a political statement.
A greater flow of institutional money and efforts to increase transparency and accessibility have helped boost the hedge fund industry to its all-time high in assets under management.
Despite turbulent economic times and bigger anticipated payments to underfunded public pensions, a new study has indicated that few municipalities will default on debt.
Standard & Poor's credit rating of the US government's heightened debt level reflects an awareness that has long been understood by institutional investors, consultancy NEPC believes.
As the overall hedge fund-of-funds industry has dropped from $1.25 trillion in 2008 to $910 billion as of Q2 2011, Preqin blames the changes in the industry on Bernie Madoff, saying investor caution has heightened following his multi-billion Ponzi scheme.
With $25 billion earmarked for real estate, Norway's sovereign wealth fund says there is no urgency to pursue the asset class as it anticipates better deals after 2013.
ETFs have attracted $1.2 trillion since the launch of the first mainstream ETF a decade ago, and they're continuing to gain steam among institutional investors.
A study by the Emerging Markets Private Equity Association and Coller Capital has found that Brazil will be the most attractive emerging market country for private equity investors in the next 12 months.
Lou Jiwei, head of China’s $300 billion sovereign wealth fund, has said that even though global economic growth will likely slow next year with Europe being “most pessimistic,” the fund will continue to seek investment in some parts of the continent.
As fears intensify about whether Greece will be able to repay its debts, a forum sponsored by Mercer has highlighted that pensions -- typically large bondholders -- may be forced to take a loss on their investments as a result of the European sovereign debt crisis.
As the UK suffers from "some of the most congested and problematic infrastructure," a report by the London-based Business Infrastructure Commission has concluded that the government should provide incentives to encourage pensions to invest in large-scale projects.
Australian investors are still interested in private equity and venture capital investments, but are taking a cautious approach to investment, Preqin has found.
