Pension Obligations Choking State Finances
The pension and benefit obligations of states outstripped plan assets by a startling $1.38 trillion in fiscal 2010, a study by the Pew Center on the States has found.
News
Fortress Germany Hit by Eurozone Crisis
The nation that is helping to bail all the others out may have finally succumbed to the pressure of the Eurozone crisis.
Report: Firing Underperforming Managers Is Counterproductive
A report from consultancy Towers Watson illustrates how asset owners who are more inclined to fire underperforming managers would be better off riding it out.
PIMCO: TIPS the New Investing Bedrock Amid Rising Inflation, Commodity Prices
Amid increasing inflation and higher commodity prices, developed nations will likely seek to lower their debt levels by favoring Treasury Inflation Protected Securities, according to Pacific Investment Management Co.'s Mihir Worah.
Global Tactical Asset Allocation Strategies Gain Steam, Segal Rogerscasey Says
Global tactical asset allocation strategies provide asset diversification and downside protection, according to Segal Rogerscasey.
Leadership Change at AT&T Pension
Sean Foley, a senior vice president for investments overseeing AT&T’s pension plan, has resigned and Bill Hammond, an AT&T veteran, has taken his place.
Investors to Pour Trillions of ‘Core’ Assets Into Hedge Funds
An appreciation of how hedge fund strategies can work within core portfolios could mean up to $3 trillion flowing into the sector over the next five years.
Anemic 2011 Returns for Chinese Pension
China’s National Social Security Fund saw returns in 2011 of just 0.84%, a significant drop from its average return of 8.4%.
PBGC to Shoulder Defunct Law Firm’s Pensions
A federal judge has cleared the way for the Pension Benefit Guaranty Corp. to absorb the benefit obligations of bankrupt law firm Dewey & LeBoeuf.
Kuwait’s SWF, Malaysian Pension to Make Cornerstone IPO Investment
The Kuwait Investment Authority and Malaysia’s Employees Provident Fund are slated to become cornerstone investors for the planned $2 billion listing of IHH Healthcare Bhd., the Wall Street Journal has reported.
S. Korean Pension Behemoth to Increase Domestic Equity
South Korea’s National Pension Service is set to shift its asset allocation to add a further emphasis on domestic equity.
Can Corporations Save Investors?
The financial markets are a mess, but ironically corporations have seldom been in better shape – how can investors take advantage?
Investors Should Manage Against Downside Risk to Compound Returns, PIMCO Says
Managing against downside shocks is enormously beneficial to compounding attractive returns over the long term, according to PIMCO.
JP Morgan: Low Bond Yields, Equity Volatility Spurs Asset Allocation Tipping Point
As investors find themselves questioning whether equities and bonds will deliver absolute and/or risk-adjusted returns that meet expectations, they are increasingly searching out "real assets" as alternatives, a whitepaper by JP Morgan concludes.
Nordics Change Rules to Ease Pension Burden
Denmark has allowed the country’s pension funds to change the discount rate they employ to calculate their liabilities a week after Sweden implemented a similar reform.