Seeking Diversification, Inflation Hedge, TIAA-CREF Expands Into Agriculture
TIAA-CREF has announced a $2 billion global agriculture company, with macroeconomic conditions expected to drive long-term demand in agriculture.
News
New York Pension Invests in Tech
New York State's pension fund pushes further into the technology sector claiming market-beating annual returns.
MassPRIM CIO on Shedding Fund-of-Funds: A Liquidity Reality Check
Arden Asset Management is likely losing its mandate to manage MassPRIM's hedge fund allocation as a fund-of fund manager, but it has assumed a new role for the scheme, helping to transition the scheme's hedge fund assets to direct investments.
Counterparty Risk Thrust Back in Spotlight After JP Morgan Loss
Despite the ruckus over new banking regulations, investors should not think these 'trusted partners' are 100% safe, market specialists have been warned.
Investors Turn Cold on Commodities, Emerging Markets
The darlings of institutional investors last year, commodities and emerging market stocks have fallen from grace this year as economic turmoil continues to wreak havoc on markets.
SEC Charges Former Detroit Pension Officials With Influence Peddling
The Securities and Exchange Commission has charged former Detroit officials, along with an investment adviser to the city's pension funds, with participating in an influence peddling scheme.
CIC President: Sovereign Wealth Fund Halts Purchase of European Debt
Concerns over continued crisis in the Eurozone have caused the China Investment Corp to discontinue its purchase of European government debt.
Large, Liquid, Long-Term, Unlevered: Why Everyone Wants Public Pension Capital
The Profile: Ash Williams, Executive Director and CIO of the Florida State Board of Administration, speaks about public pensions and strategic partnerships—and why every asset manager wants them.
Pensions Warned to Push on With Reform Despite Deficits
“It is a misperception that new benefit structures raise costs in the short run because of a Government Accounting Standards Board (GASB) accounting rule that accelerates amortization schedules,” says Dr. Robert M. Costrell, Professor of Education Reform and Economics at the University of Arkansas.
Home-Country Bias: A Stab in the Foot for US Investors, PIMCO Says
The root of the problem for portfolios today among US investors, from individual retirement accounts to institutional pensions, is home market bias, according to PIMCO.
Tax Ruling Signals Huge Rebate for Investors
European courts rule withholding tax on non-domestic investment in French equities should be removed and reimbursed.
Asset Allocation Diverges Across the Atlantic
Last year was tough for all investors, but geographical dispersion had much to do with how the economic uncertainty was tackled.
Institutional Investors Bite Back
Company executives have had it their own way for too long – investors are stepping up to the plate.
NCPERS Spells Out Public Plan Governance Best-Practices
Explicit risk policies, performance measurement, and liability accounting must all be part of strong governance structures at public pensions, according to the National Conference of Public Employees Retirement Systems.
Do Hedge Funds Outperform Stocks and Bonds?
While hedge funds have a potentially valuable role in reducing overall portfolio risk due to their low correlation with other assets, their overall superior risk and return characteristics are questionable, according to a newly published paper.