aiCIO Announces 2011 Pension, E&F, and SWF Award Nominees
CalSTRS, the Ford Foundation, and the Canadian Pension Plan Investment Board are among the nominees for the 2011 Industry Innovation Awards.
News
UK Pensions Report Argues LDI Strategy Is Seriously Misconceived
A new report by Brighton Rock head of research Con Keating asserts that liability-driven investment is “fundamentally misconceived” among UK pensions as a result of hedging low interest rates.
Despite Position as LDI Frontrunners, Dutch Pensions Suffer Severe Drop in Funding
Dutch schemes have suffered an 11% drop in funding as a result of poor market performance and increased interest rates, according to De Nederlandsche bank (DNB), the Dutch pension regulator.
GSAM Snags Richard Quigley From Albourne Partners
Goldman Sachs Asset Management has announced that Richard Quigley, previously head of portfolio advisory at Albourne Partners, has joined its Alternative Investments & Manager Selection (AIMS) Group.
Harvard University Endowment Boasts 21.4% Return
Harvard University, the largest endowment in the US, earned a 21.4% return and a profit of $4.4 billion in fiscal 2011, growing to $32 billion.
Florida Pension Commits to Alternatives
Florida State Board of Administration is searching for managers to run up to $6 billion in private equity, hedge funds, real estate, commodities and infrastructure, Kevin SigRist, deputy executive director, said at its investment advisory council meeting.
Moody's Report: UK Schemes Move to Emerging Market Debt
Moody's Investors Service has found that pension funds in the UK are increasingly turning to emerging market debt.
Operation Twist Leads Fed to Move $400 Billion to Long-Term Holdings
The Federal Reserve Open Market Committee (FOMC) has announced a bond swap, with plans to purchase $400 billion in longer-term securities while selling an equal amount of short-term ones by June 2012.
Amid Rising Interest in Alternatives, Former JPMorgan Exec Starts Hedge Fund Advisory in Japan
As Japanese institutional investors -- generally bearish on hedge funds -- increasingly aim to up their hedge fund allocations in the near term, a former prime brokerage executive at JPMorgan Chase & Co has set up a hedge fund advisory firm in Japan.
With Government Response to Cooper Review, Australia Superannuation Funds Face Greater Scrutiny
Following broad government reforms, Australian pension schemes will encounter heightened scrutiny of their corporate governance and risk management policies that will affect investment decisions.
Boston Pension Claims It Was Taken Advantage of By State Street With FX
State Street continues to battle claims that it took advantage of pension schemes when providing foreign-currency trading services in recent years.
As UBS's Largest Shareholder, Singapore's GIC Voices Disapproval With Rogue Trading Loss
In a rare show of expression for the usually intensely private sovereign wealth fund, Singapore's Government Investment Corporation has voiced concern with UBS's trading loss.
Study: Institutional Investment Spurs Greater Focus on Corporate Governance in Hedge Funds
An investor survey by Carne Group has found that hedge fund governance is an issue that has increased in importance since 2008, with allocators now actively pressing for changes in the way that hedge fund boards are managed.
Coalition of Institutional Investors Urges UN Declaration Requiring Sustainability Breakdowns in Annual Reports
A coalition of institutions led by Aviva Investors has called on United Nations’ member states to develop a global policy framework that requires listed and large private companies to integrate sustainability information throughout their Annual Report and Accounts.
With Fed Move to Buy Long-Term Treasuries, How Will LDI Fare?
As the Federal Reserve moves toward new steps to purchase long-dated Treasury bonds and decrease interest rates on long-term loans, investors question the impact on liability-driven investment.