Public Pensions Pile on Risk to Beat Underfunding
Public and private pension fund behave differently when faced with a funding shortfall.
News
Consultants Point to 'Wealth of Opportunities' in China Amid Recent Poor Performance
Amid recent poor performance of China and other emerging economies, investment consultants highlight continued opportunity in the sector.
Goldman Sachs Faces Dutch Pension Fund Suit Over Risky Mortgages
Dutch pension fund ABP is suing US investment bank Goldman Sachs for knowingly selling the scheme junk mortgages and providing misleading information.
Record High Pension Assets Hit by Rising Liabilities
Pension fund investment returns were thwarted last year by measures to calm an economy in crisis that served to push up liabilities.
New Financial Crimes Unit to Police Banks for Faulty Mortgages
The Justice Department is set to create a special unit to investigate abusive lending and packaging of risky mortgages, as part of President Obama's 2012 agenda.
The Endowment Effect: A Mind-trap Among Investors
The cognitive tendency among investors to get caught up in the endowment effect -- a mental roadblock that can cause investors to hold onto something too long -- applies to shares, bonds, and funds in a portfolio, a newly released report by Morningstar concludes.
PBGC: American Airlines Is Misleading Employees Over Pension
"American Airlines is telling their workers and retirees not to worry, but they should," the Pension Benefit Guaranty Corp. said in a recent statement on how the bankruptcy of American Airlines will impact its pension.
European Investors Slam Sustainability ‘Stragglers’
Sustainable investors are targeting companies failing to improve corporate governance and environmental responsibility.
Rogerscasey: 'Terminating Investment Managers Should Not Be Borne From Frustration'
Even those managers that outpace their benchmarks for extended periods of time inevitably suffer missteps, according to a new whitepaper by Rogerscasey.
Active Management Threatened By European Proposals
Proposed European regulation could call time on active fund management in the region and hit investors holding European assets.
Pension Investors Fear Impact of Dodd-Frank on Returns
Dodd-Frank may hurt investment returns for pension funds by shrinking OTC derivative markets and cutting opportunities for asset manager outperformance, public plan CIOs have warned.
The Profile: Jim Dunn, CIO, Wake Forest University
Jim Dunn of Wake Forest University speaks with aiCIO on his commitment to running the $1.5 billion university portfolio, and -- compared to its public pension counterparts -- the greater tools, control, and flexibility granted within the endowment arena.
Custodian Fee Backlash Prompts Mercer FX Monitor Launch
Consulting firm Mercer has launched a product to monitor FX fees charged by custodians following several investigations into alleged fraud for this service by pension funds and other large investors.
Mayor Bloomberg Says Pension Costs Are Straining NYC Budget, Supports Cuomo Plan
With an $8 billion pension bill putting a dire strain on New York City's finances, Mayor Mike Bloomberg has asserted that state legislatures should support the governor's pension proposal.
Dutch Court Throws Lifeline for Non-US Class Action Lawsuits
Pension, endowment funds, and other international shareholders have a new avenue of enquiry to seek damages of alleged corporate fraud thanks to a European court decision.