Largest Investors Say Private Sector Investment on Climate Change Is Essential
In a joint statement, the world's largest investors representing more than $20 trillion in assets, have stressed the urgent need for policy action on climate change.
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Al Gore Urges Sovereign Wealth Funds to Take Longer-Term View
The former US presidential candidate Al Gore has urged sovereign wealth funds to view their investments from a more longer-term perspective.
Study: Hedge Funds Suffer Fourth Worst Performance Quarter in History
While hedge fund industry assets suffered in the third quarter of 2011, dropping by $85 billion to $1.97 trillion, the industry experienced net inflows of $8.7 billion for the period, bringing total inflows so far this year to $70.1 billion, Hedge Fund Research has shown.
In Latest Pension Scandal, Former Scheme Exec Directed Money to Spouse's Firm
The former HR head at SAG-Producers Pension and Health Plans, Craig Simmons -- who was fired in March and accused his boss of steering business to family members -- was involved in steering money to his spouse's marketing company.
Commonfund Forced to Pay $50-Million in Real Estate Lawsuit
A Los Angeles jury has ordered the Commonfund to pay $50.3-million in damages for breach of fiduciary duty to its partner in a series of Hollywood development projects, Bloomberg has reported.
SSgA: Asset Management Fees Up, AUM Down
Investment management fees at Street Global Advisors (SSgA) reached $229 million, up from $196 million from a year earlier, while assets under management dropped slightly.
Survey: European Institutional Investors, Asset Managers Redefine Indices
EDHEC-Risk Institute has released results of a European survey on the use of equity and bond indices by institutional investors, showing that investors have moved away from the idea of indices representing a buy-and-hold strategy.
bfinance to Institutional Investors: Property Is a Reliable Source of Returns in Uncertain Times
As institutional investors in the UK experience a new market storm and increased volatility, real estate is attracting strong interest, research firm bfinance says in a recent research report.
PBGC Opposes Friendly's Attempt to Rid Itself of Pension
Officials at the Pension Benefit Guaranty Corporation have asserted that they'll fight efforts by Friendly Ice Cream Corp. to shed its pension plan during Chapter 11 bankruptcy restructuring.
Consultants: Pensions, While Hesitant, Likely to Increase Derivative Use
While schemes are still reluctant to use derivatives, pension funds are increasingly using these investment vehicles to hedge against interest-rate risk, consultants say.
CalPERS Emerges as Latest News Corp Shareholder to Withhold Support for Murdochs
The California Public Employees' Retirement System (CalPERS), the largest public pension in the US, is the latest News Corp shareholder to withhold support for Rupert Murdoch and his sons.
While New Oversight Council Aims to Scrutinize Asset Managers, Consultants Worry About Overregulation
The top financial regulatory board in the United States has laid out standards by which insurance companies, hedge funds, and other non-bank financial firms could fall under stricter regulation, yet industry sources voice apprehension that firms may be overburdened by regulation and reporting.
UK's Court of Appeal Upholds Landmark Pensions Ruling Backing The Pensions Regulator
The Court of Appeal has upheld a landmark ruling that provides priority to company pensioners when those companies become insolvent.
BlackRock Reveals Negative News for US Corporate Pension Funding
The typical US corporate pension plan's median funding ratio fell 11.5% in September, according to BlackRock.
Census Bureau: Public Pension Assets Dropped Over $726B in 2009
Following a $176.7 billion loss in 2008, the US Census Bureau has shown that state and local public employee retirement systems had $2.5 trillion in total cash and investment holdings in 2009, a $726.1 billion or 22.7% decrease from $3.2 trillion in the previous year.