Norges Bank Splits CIO Responsibility Into Equities, RE, Allocation Specialties
Norges Bank Investment Management (NBIM) has split its chief investment officer responsibilities into three roles.
News
LDI 3.0
From aiCIO Magazine: If liability-driven investing (LDI) 2.0 is locking in a glide-path, LDI 3.0 is beginning to think about how to rebalance within a complex and constantly-moving portfolio.
Italian Economy Minister Reveals Plans for State Investment Fund
Spurred by efforts to curtail foreign takeovers of certain industries deemed to be strategic, Italian Economy Minister Giulio Tremonti has been given the green light to set up a state investment fund.
Following Pension Lead, Asset Managers Investigate Alleged FX Overcharges
Fidelity and BlackRock are reportedly looking into whether custody banks overcharged them for foreign exchange transactions.
US Census Bureau: While Still Lagging Below Pre-Crisis Peaks, Public Pensions Continue Their Recovery
Boosted by stock market gains, US state and local government pension-fund assets rose in value by 5.5% in the last three months of 2010, recouping some of 2008's losses.
Does Baseball Predict Wall Street’s Fortunes?
On the Opening Day of America’s national pastime, Editor-at-Large Joe Flood muses on what the Red Sox and Yankees' ultimate success or failure means for Wall Street’s fortunes.
Study Shows Large US Pensions to Boost Direct Hedge Fund Allocations
Pension underfunding is driving heightened interest in both hedge funds and fund-of-funds, according to a recent white paper.
US Federal Judge Dismisses Pension Lawsuit Against Freddie Mac
Judge John Keenan has dismissed a lawsuit by a group of pension funds which accused Freddie Mac of materially misrepresenting its exposure to risky mortgage products, leading to investment losses.
SSgA Urges Investors to Seize Opportunity in Smaller Emerging Markets
Research conducted by SSgA's Active Emerging Markets investment team found that since January 1997, smaller markets such as Chile, Peru and Hungary outperformed BRIC countries within the emerging market world.
NEST Champions Responsible Investing Among UK Pensions
The National Employment Savings Trust (NEST) has said it will act as a benchmark for UK pensions on responsible investment practices.
Australian Fund Manager Outsources to Northern Trust
QIC, an Australia-based investment solutions provider, has outsourced its middle office functions to Northern Trust.
World Economic Forum Cautions on Risks for Long-Term Investors
After a year working on a World Economic Forum report about the future of long-term investing, which was mandated at an annual meeting in Davos in 2010, co-author Max von Bismarck speaks with aiCIO about the implications for institutional investors.
With Echoes of Fortress and Blackstone, Apollo Goes Public
The private equity firm has raised $565 million in the
public markets – but is it a sign of confidence renewed, or confidence
unfounded?
Milliman Funding Report: Large US Pensions Enjoy High Contributions, Increased '10 Corporate Plan Funding
The latest annual report by Milliman shows that record levels of employer contributions have led to a small gain in funded status.
Survey Shows Institutional Investors Allured by Asian Real Estate
The latest analysis by CB Richard Ellis reveals an optimistic outlook for Asian real estate investment markets.