A new survey by KPMG, a global public accounting firm, finds that using the consumer price index (CPI) as the measure of pension inflation will reduce the calculated value of private sector liabilities by nearly $98 billion (£60 billion) by the end of the year.
From aiCIO Magazine: Sleyster—chief investment officer for Prudential's American operations—speaks on the unique nature of investing in the insurance general account sphere.
From aiCIO Magazine: An examination of New York City’s pension system – and how Mayor Michael Bloomberg’s recent criticism of various aspects of the plan may be warranted.
From aiCIO Magazine: Yeah, it was published 37 years ago, but we thought we'd take this chance to review Robert Caro's classic tome on the acquisition, maintenance, and corrupting ability of power anyway.
From aiCIO Magazine: Despite—or, maybe, because of— continued
praise and euphoria for emerging markets, some investors think the
sector may be at risk of a bubble, concerned whether these relatively
small markets can handle all the money flowing into them.
From aiCIO Magazine: Risk management as transportation metaphor:
walk (minimal risk), take a car (moderate risk), or fly a plane
(riskier)? And remember: wear a seatbelt.
From aiCIO Magazine: For years, there's been a shift toward
alternative assets, but much of the recent action in transition
management is toward decreasing plans' reliance on U.S. equities—in
particular, de-risking pension plans through liability-driven investing (LDI) strategies
From aiCIO Magazine: Between stepped-up enforcement and the host of
new regulations promised by the new financial reform law, is it time
for large asset owners to start rethinking the way they invest in
alternatives?
Management consulting firm Bain & Company, surveying the private equity landscape, sees a lot of dry powder – and warns that the urge to put it to use may cause firms to overextend.
Two reports prepared for the Florida pension system – commonly thought to be relatively well funded – detail the effects of a 7.75% assumed rate of return.
From aiCIO Magazine: Our inaugural Survey of Asset & Geographical Allocations (SAGA) reveals that investors are good, but far from perfect, at avoiding home-country biases in their portfolios.
