Report: US Economy Is Doing Well, QE3 Would Solve Nothing
An approach by the Federal Reserve of QE3 would be the wrong path to take to improve the US economy, notes Michael Litt, founder and chief investment officer at Arrowhawk Capital Partners.
News
Former Goldman Sachs Director Surrenders to FBI on Insider-Trading Charges
Rajat Gupta, a former board member of Goldman Sachs and Proctor & Gamble, has been indicted by US prosecutors and accused of cheating the markets with Raj Rajaratnam, the convicted hedge fund founder who was at the center of the probe.
Los Angeles Scheme Realizes Expected Investment Return Is Too Rosy
The Los Angeles pension board has voted to lower its earnings estimates for the next several years.
Indiana Pension Forced to Divest From Sudan Over Human Rights Violations
The state of Indiana is working to divest itself from companies which do business in countries labeled as state sponsors of terrorism.
MassPRIM May Dismiss FX Partner BNY Mellon
The Massachusetts Pension Reserves Investment Management (MassPRIM) has said it may drop BNY Mellon, its partner on foreign-exchange trading.
Study Sheds Light on Commodity Investments, Questions Volatility, Price Spikes
A study by the EDHEC-Risk Institute questions whether investing in commodities for financial gain has caused heightened volatility and a decade-long rise in commodity prices over recent years.
Survey: UK Schemes Drop Equity Holdings, Focus on Liabilities
A new study by Bluefin Corporate Consulting of defined benefit scheme clients in the UK has found that the main threats to pension scheme funding are widely perceived as being long term interest rates, inflation, and equity performance.
BNY Mellon Survey: Companies Target Sovereign Wealth Fund, Emerging Market Investors
Companies worldwide are continuing to shift their investor relations strategies to expand outreach to sovereign wealth funds and emerging markets, according to an annual survey conducted by BNY Mellon.
Report Claims Public, Private Employer Pensions Have Under-Reserved for Longevity Risk
A new report released by Swiss Re has found that many Canadian public and private employer pension funds have under-reserved for longevity risk.
NAPF Chairman: 'UK's Private Sector Pensions Are Flawed and Inefficient'
In his inaugural speech, Mark Hyde Harrison, the new Chairman of the National Association of Pension Funds (NAPF), noted that defined contribution (DC) pensions in the UK are inefficient and wasteful.
Court Dismisses Pension Lawsuit Against Highland Capital
Highland Capital Management, a Dallas-based investment adviser with approximately $24 billion in assets under management, has announced that a lawsuit from the Houston Municipal Employees Pension System has been dismissed.
Survey: Despite Negative Economic Outlook, Institutional Investment Managers See Opportunity in US Equities
Institutional investment managers have an increasingly negative outlook on US economic growth, yet many still see opportunities in the US equity markets, according to a quarterly survey by Northern Trust.
Prudential to Sell Stake in Mexican Pension Manager to Bank
Prudential Financial has announced that it will sell its stake in Afore XXI S.A. de C.V., a private pension fund manager in Mexico, to Mexican bank Banorte.
Academic Paper Questions Whether Pensions Are Excluded From International Codes, Conventions
Jane Ambachtsheer, Partner and Global Head of Responsible Investment at Mercer and Adjunct Professor at the University of Toronto (Canada), notes that while growing global influence of corporations has led to the development of a range of norms, codes, and conventions that seek to govern their behavior, pension funds may be missing in action.
Report: NYC Pensions 'Do More With Less Dollars'
A new report issued by New York City Comptroller John Liu and compiled by the National Institute on Retirement Security, a Washington, DC-based nonprofit, asserts that built-in economic efficiencies enable New York City pensions to do more with less.