News

Study: Canadian Funds Accelerate Move to DC

A new survey of more than 150 Canadian pension plan sponsors from global professional services firm Towers Watson indicated that the majority of executives believe that the defined benefit funding crisis will persist for the long-term.

PIMCO to Release $600 Million REIT IPO

Pacific Investment Management Co. is forming a new real estate finance company that intends to acquire residential and commercial real estate-related debt.

Madoff Feeder Fund Sues ADIA

A feeder fund that invested in the Ponzi scheme of Bernard Madoff has sued the Abu Dhabi Investment Authority to try to recover $300 million in redemption payments, Bloomberg is reporting.

With ESG Interest Growing, FTSE Launches Benchmark

As institutional investors around the world increasingly adopt responsible investment practices, FTSE has rolled out an index service -- FTSE4Good ESG Ratings -- to measure the environmental, social and governance (ESG) strategies of public companies worldwide.