Illinois Leans on SWFs to Relieve Pension Debt
In an act of desperation, Illinois plans to raise money from sovereign wealth funds, big banks, and insurance companies to plug its widening pension hole.
News
Report Shows Rebound in Middle-Market PE Deal Volume
Based on data collected by research firm GF Data Resources, midmarket private equity had strong growth in 2010.
Poll Shows 'Wild Gyrations' Have Pushed UK Pensions to De-Risk
A new poll by Aon Hewitt reveals that UK schemes plan to lower risk-taking on assets and liabilities over the next 10 years.
Hewitt EnnisKnupp Denied Outsourced CIO Role at Ventura, California Pension
Following the departure of the CIO of the Ventura County Retirement Board in California, consultant firm EnnisKnupp bid to provide outsourced CIO services, yet the fund denied the proposal due to costs and perceived conflicts of interest.
Aussie Pension Merges With Westscheme to Form $40 Billion Superannuation Powerhouse
AustralianSuper's presence in Western Australia will be one of the largest in the state, as one in four West Australian workers will be members of the Fund, the scheme reported.
Arkansas Pension Sues State Street Over Currency Transactions
One of the world's largest custodial banks has been sued by an Arkansas public pension fund for overcharging clients on currency transactions.
Following Pension Tension, Pittsburgh's Schemes Gain Value
With Pittsburgh's pension still less than 30% funded and up against a state takeover earlier this year, the City Council reported good news about the city's schemes, which gained ground in the last three months of 2010.
Institutional Investors Flock to Hedge Funds
A new report from Preqin has revealed that institutional investors constitute the largest piece of the hedge fund capital pie.
CPPIB Pursues US Commercial Real Estate
As part of its pursuit toward assets with long-term income streams, the Canada Pension Plan fund is boosting its real estate and infrastructure holdings.
S&P Lowers NJ's Debt Rating to AA- on Pension Funding Concerns
Citing financial stresses of its large unfunded pension liabilities, the S&P has lowered its ratings on the state of New Jersey's general obligation debt.
Legislation Aims to Heighten Ethics Requirements for CalPERS, CalSTRS
California Controller John Chiang has said he is sponsoring two
new bills in the state Legislature with the goal of tightening ethics
requirements for CalPERS and CalSTRS.
PIMCO, Loomis Sayles Battle for Top Ranking in Attracting Brand Loyalty Among Pensions
Research by Cogent Research has shown that in a survey of 590 institutional investors, PIMCO and Loomis Sayles came out as the most preferred in terms of investment performance and philosophy.
UK Pensions Report Surplus Growth
The UK's 6,560 final-salary schemes in the private sector covered by the Pension Protection Fund (PPF) have seen their surpluses over their liabilities more than double in January.
CalPERS Reworks RE Portfolio, Targets US Core
The giant California pension fund is set to revise its investing strategy following steep losses.
Comptroller Liu Says NYC Pensions Enjoy 6-Month Return of 16%
According to New York City Comptroller John C. Liu's testimony before a joint hearing of the New York State Assembly Ways and Means Committee and the State Senate Finance Committee in Albany, the city's pension funds' 6-month return has topped 16%.