With New Leadership, Norway SWF May Broaden Investments
Following new investment leadership at Norway's sovereign wealth fund, the oil fund may have more flexibility to invest in new asset classes such as roads, gas pipelines, and unlisted shares.
News
No. 1 Worry for European Investors: Interest-Rate Risk
A new study shows European investors rank interest-rate risk as a top threat to their investments, followed by a stock market fall and Europe's sovereign debt crisis.
US Private Equity Hangover Persists, Cambridge Associates Says
A report by consultancy Cambridge Associates has found that private equity funds in the United States have $376 billion in leftover capital, called "overhang."
After Debate, NJ Dems Join Sweeney in Supporting Christie’s Pension Reform
After a months-long debate stretching back to February, New Jersey Governor Chris Christie has reached a deal with the state’s Democrats to overhaul the pensions and benefits of public employees.
Joining FX Scrutiny, Ohio Treasurer Seeks to Investigate State Street, BNY Mellon Charges
Ohio's treasurer has asked the state's attorney general to look into the foreign currency exchange practices of the two largest US custodians -- State Street and BNY Mellon -- which oversee pension fund holdings.
Seeking Allocation Target, Florida Pension Ups Hedge Funds
Aiming to achieve its 6% allocation target, the Florida State Board of Administration (SBA) has added two new hedge funds.
TimberWest Approves Pension Fund Takeover
Shareholders of Vancouver-based TimberWest Forest Corporation have overwhelmingly approved a $1.03 billion takeover by two Canadian public pension plans.
ISLA Chief Says EU Regulation Fears Causing Hedge Fund Short-Selling Clampdown
The CEO of the International Securities Lending Association Kevin McNulty warned that hedge funds are abandoning short-selling because of uncertainty over looming European Union regulations.
Supreme Court: Janus Not Liable for Securities Fraud
The Supreme Court ruled June 13 that Janus Capital Group could not be sued for securities fraud over misstatements in its mutual funds’ prospectuses.
Interrogation: Anne Martin Thinks Liquidity Is Key
From aiCIO Magazine's Summer Issue: Olympic rower and David Swensen Protégé Martin is applying the Yale model of investing at the Wesleyan University Endowment—with a few tweaks.
Survey Finds Climate Change a Growing Concern for Investors
A survey found that the vast majority of pension funds, foundations, and asset managers view climate change as both a risk and an opportunity.
Interrogation: Roger Gray Thinks Governance Equals Performance
From aiCIO Magazine's Summer Issue: Gray—via Oxford, Harvard, Rothschild, UBS, and Hermès—arrived at the United Kingdom's US$52 billion Universities Superannuation System in 2009, intent on furthering internal management and governance strength.
Book Review: Money and Power and Indiscreet Emails
From aiCIO Magazine's Summer Issue: William Cohan's Money and Power: How Goldman Sachs Came to Rule the World is the latest addition to a renaissance in financial writing.
Column: Achieving Solvency Nirvana
From aiCIO Magazine's Summer Issue: Static approaches in dynamic markets are likely to fail.
Column: Pension Quandary in Valuing Liabilities
From aiCIO Magazine's Summer Issue: Legislation has been proposed in Congress that would force states to publish their liabilities using corporate rates. This all leads to the question: What really is the right rate?