US Corporates Worry Over Liabilities, Respond with LDI Focus
According to a MetLife report, underfunded liabilities are the most important risk facing US corporate defined benefit plans.
News
Catastrophe Bonds in Demand for Pensions
As pension funds are demanding greater investment in catastrophe bonds, Europe’s second-biggest insurer has revealed that its funds investing in catastrophic bonds may more than triple.
OMERS Seeks Private Pension Plans; Achieves 12% Return for 2010
The Ontario Municipal Employees Retirement System, which earned a 12% return last year as its net assets grew to $53.3 billion, is seeking to compete against banks and insurers to administer the new pooled registered pension plans (PRPPs).
Bond Investor Glamour Is Over, Report Says
New research in the Credit Suisse Global Investment Returns Yearbook 2010 by professors from London Business School has shown that over the long run, equities have outperformed inflation, bonds and cash in every market examined.
Louisiana Pension Sues NYSE, Says Proposed Deal 'Won't Offer Fair Price'
In an effort to stop a planned $9.53 billion sale to Deutsche Boerse AG, the Louisiana Municipal Police Employees’ Retirement System has sued NYSE Euronext.
California Agency Calls State's Pensions 'Dangerously Underfunded,' Suggests DB-DC Hybrid Solution
California’s Little Hoover Commission, an independent state agency created to develop recommendations to control state and local government pension costs, found that the 10 largest pension funds faced a combined unfunded liability of $240 billion in 2010.
Buried in Unforeseen Costs, BofA Settles Countrywide Suit
US District Judge Mariana Pfaelzer in Los Angeles has required Countrywide and its parent company, Bank of America Corp., to provide $600 million for former Countrywide shareholders, yet many investors aren't satisfied by the settlement.
Northern Trust Launches Enhanced Passport for Institutional Investors
Northern Trust has deployed Passport ‘web 2.0’ to improve user experience, allowing clients, including pension officers and investment fund managers, to customize their desktop for efficiency.
MassPRIM: Removing FoFs Moves Us Closer to Peers
The Massachusetts Pension Reserves Investment Management Board has decided to embark on a comprehensive asset allocation review in an effort to better fund the $48.7 billion system, highlighting the need to change thinking, strategy, allocation, and management guidelines as circumstances change, the fund's spokesperson tells aiCIO.
Caisse Posts $20.1 Billion Boost in Net Assets, Driven by PE, Infrastructure
The Caisse de Depot et Placement du Quebec has almost rebounded from a disastrous 2008 performance, with infrastructure and private equity holdings helping the investment giant to outperform its benchmark index by 4.1%.
SEC to Investigate Rhode Island Pension Over Concerns About Disclosure
The US Securities and Exchange Commission (SEC) has signaled plans to investigate Rhode Island's pension, which has an unfunded liability of $5 billion.
Illinois Attracts $3.7 Billion to Plug Pension Shortfall
Despite Illinois’ financial troubles, the state has received $6.1 billion in orders from a record 129 investors.
Institutional Investors Dominate Commodity Investments
A report by Barclays Capital has revealed that institutional investors are poised to dominate net inflows to commodity-related investments.
Singapore's GIC Calls US the 'Single Most Important Source of Global Prosperity'
Tony Tan, the Government of Singapore Investment Corp's (GIC) deputy chairman, has said that the sovereign wealth fund will continue to look to the US as a prime investment destination despite global economic turbulence.
In Fight for Shareholder Democracy, Apple Shareowners Support CalPERS Proposal
Apple Inc. shareowners have supported a proposal by the nation's largest public pension fund that advises the company to adopt a majority vote standard for board candidates in uncontested elections.