French Fund Implements New Asset Allocation With LDI Focus
The Fonds de Reserve pour les Retraites has announced a new asset allocation using a liability-driven investment approach as well as a plan to select new managers.
News
PIMCO’s Total Return to Hold Zero US Government Debt
According to Bill Gross, the $273 billion fund will, for the first time in over two years, remove all American government debt from its holdings.
Transit System Sues BNY Mellon Over 'Unlawfully Obtained' Proceeds From Forex Trading
In the latest case of alleged foreign exchange trading misdeeds, BNY Mellon has been sued by a Pennsylvania transportation authority.
Pension Giant: Let’s Form Global Infrastructure Investment Alliance
Building off existing, if informal, cooperation with other Canadian funds, OMERS, the Ontario pension worth $53 billion, has suggested that a global alliance of infrastructure investors would help pensions further build up their portfolios.
Japan's PFA Pressured to Boost PE Allocation
Similarly to Japan's Government Pension Investment Fund (GPIF), the chief investment officer of the country's Pension Fund Association (PFA) has said it must take on more risk to improve returns as the proportion of people over 65 years old in Japan stands at a record 21%.
SDCERA Internal Emails Paint Picture of Confusion and Turmoil Over CIO Role
While internal emails from the San Diego County Employees Retirement Association portray tension at the plan, the public pension maintains that the fund's recent returns are a testimony to the fact that its model is working.
Mini-Madoff Pleads Guilty in Ponzi Case
Francisco Illarramendi has pleaded guilty to five criminal counts after US prosecutors accused the Connecticut hedge fund manager of running a multiyear Ponzi scheme that may have defrauded investors out of hundreds of millions of dollars.
KKR Lends Influential Name to Private Equity Best Practice Guidelines
Global alternative asset manager KKR has said it endorses a set of guidelines on private equity best practices issued by the not-for-profit Institutional Limited Partners Association.
Pyramis Poll Shows European Pensions Prioritize Managing Volatility in 2011
Pyramis' most recent survey of some of the largest defined benefit plans shows changing investment outlooks and continued caution given recent experiences with above average market volatility and a low‐return investment environment.
In the Face of De-Risking Pressure, UK Pensions Want More Long-Dated, Inflation-Protected Gilts
As increasing life expectancy and regulations pressure pension funds to de-risk their investments, UK schemes are calling for more long-dated gilts.
Report: Despite Market Rebounds, States Won't Be Able to Pay Pension Benefits
A report from Wilshire Associates has shown that while funding for US state pension plans improved in 2010 as the economy recovered, state plans still fell short of assumed rates.
Investors Foresee $200 Billion of HF Inflows in 2011
A Deutsche Bank report shows hedge funds are on an upward trend in 2011, with investors predicting $210 billion of net inflows into the hedge fund industry this year.
SWFs Reach $4 Trillion, Continue to Flock to Alts
A new report by Preqin has found that 2010 has been the second year running in which assets under management among sovereign wealth funds have increased by 11%.
Severity of Nation's Public Pension Crisis in Question
A new report by the Center for Economic and Policy Research urges a closer look at shortfalls faced by state and local pension funds, arguing that most states face pension shortfalls that are manageable, especially if the stock market does not face another sudden reversal.
BNY Mellon Survey Shows Funded Status of US Pensions Rises to 88%
According to monthly statistics published by BNY Mellon Asset Management, US corporate pension plans in February continued to prosper from the global stock market rally, as the funded status of the typical corporate plan rose 0.4 percentage points to 88%.