Mercer: US Pension Deficit Reaches Post-World War II High
Funding levels plummeted during the month of September as equities values dropped and bond yields fell, consulting firm Mercer shows.
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US and NY Governments Enter BNY Mellon FX Lawsuits
BNY Mellon has been sued by the New York attorney general and the United States attorney in Manhattan, who claim the financial institution defrauded New York City pension funds and other retirement plans nationwide over the price of foreign-exchange transactions.
Florida Attorney General to Pension: $11K Bill for Public Records Is Indefensible; SBA Defends Actions
Florida Attorney General Pam Bondi has said it is "indefensible" that the state pension is asking for nearly $11,000 to collect public records regarding the scheme's investments.
Moody’s, Fitch, S&P Battle Pension Lawsuit Over Misleading Ratings in Mortgage-Backed Securities
US District Judge James O. Browning in Albuquerque, New Mexico has ruled that Moody’s Corp., Fitch Inc. and Standard & Poor’s must face a New Mexico securities lawsuit.
EDHEC Study: ETFs Can Boost Returns, Lower Risk in Core-Satellite Investment Approach
A new study from the EDHEC-Risk Institute, produced as part of the Amundi ETF research chair on "Core-Satellite and ETF Investment," has found that implementation of a Dynamic Core-Satellite approach can boost portfolio returns while keeping downside risk under control.
With WellsCanning Acquisition, Consulting Firm Towers Watson Harnesses Insurance Biz
Towers Watson has expanded its investment services for insurers and reinsurers with its acquisition of WellsCanning.
OMERS Plans to Establish $180 Million Venture Capital Fund
The Ontario Municipal Employees Retirement System (OMERS) is set to launch a venture capital arm that plans to commit $180-million in the next three years.
Morgan Stanley Wins Dismissal of Libertas CDO Suit by Virgin Islands Pension
Morgan Stanley has won the dismissal of a Virgin Islands government pension fund lawsuit accusing the bank of defrauding investors of $1.2 billion of risky mortgage debt that it expected to fail.
Yale Endowment Outperforms Harvard's Investment Return in Fiscal Year
Yale University's endowment earned a 21.9% investment return last year with foreign stocks and private equity investments driving the gains.
Qatar Holdings Commits to Gold
The Qatari sovereign wealth fund has upped its stakes in gold, planning to invest about $1 billion in European Goldfields.
Survey: Asset Owners Increasingly Cautious About Risk Management
In an attempt to limit risk exposure, pension funds and other institutional investors are integrating more risk management tools into the investment process, according to new research by MSCI.
AQR Launches Annual Competition for Academic Finance Papers
AQR Capital Management, a $40-billion asset management firm with a focus on alternatives, has launched a $100,000 annual competition for academic finance papers.
US Public Pension Assets Reach 3-Year Peak at $2.8 Trillion in Q2
New data from the Census Bureau has revealed that assets for the 100 largest public employee pensions systems in the United States rose more than 1% to $2.8 trillion during the second quarter.
PIMCO Exec: Global Expansion Weak at 1.5% Over Next 18 Months
In PIMCO's latest quarterly outlook, the firm has revealed that it is cutting its exposure to riskier assets and shifting to relatively high-quality investments.
Troubled Chinese Timberland Operator Faces Another Shareholder Lawsuit
A fund manager and Quebec pension have sued troubled Chinese timberland operator Sino-Forest.