The chief investment officer of the Massachusetts Pension Reserves Investment Management (MassPRIM) board says it has hired foreign-exchange transaction cost consultant FX Transparency to analyze the state system’s currency trades for 2009 and 2010.
Institutional investors are taking far longer to change investment managers or asset allocations than they did before the 2008 financial crisis, a study by Mellon Transition Management (MTM) shows.
Three years after the global financial crisis and amid a more stringent regulatory climate, institutional investors are outlining their hedge fund requirements in a new guide.
Citigroup is aiming to dismiss efforts by Lehman Brothers to recover $1 billion in collateral that the investment bank was forced to post when it was approaching bankruptcy in 2008, Bloomberg is reporting.
According to Andrew Ang, professor of business, finance and economics at Columbia University, endowments around the country need to do a better job at figuring out how to allocate money among liquid and illiquid assets.
A Houston pension plan has sued Highland Capital Management, the debt manager with about $22 billion in assets under management, and JPMorgan Chase & Co. over claims that willful looting led to the shutdown of the Highland Crusader Fund.
LaSalle Investment Management won a $200 million mandate from the Texas Teachers' pension fund, matching an earlier investment allocated to real estate around the world.
A North Carolina-based manufacturing company has used pension plan assets to purchase a “portfolio protected buy-in" policy, transferring investment and longevity risk to a Prudential Financial Inc. unit.
Two studies from the Commonfund Institute have revealed that foundations and operating charities have reported an average investment return of 12% in fiscal year 2010 — marking the second consecutive year of double-digit growth, yet a hefty drop from the average investment return from 2009.
According to Fitch’s latest European senior fixed-income investor survey, Europe's sovereign debt crisis remains a major worry with 64% of respondents, up from 56%, expecting developed market sovereigns to face their biggest refinancing challenge.
