Survey: Alternatives in Vogue for US Institutional Investors
A recent study by Keefe, Bruyette & Woods has found that the hype over alternatives among institutional investors in the US is not expected to subside.
News
CalPERS Settles With Fitch Over 'Negligent Misrepresentations'
The largest public pension fund in the US has settled a lawsuit with Fitch Ratings over claims that it, as well as Moody's Investors Service and Standard & Poor's, assigned inaccurate ratings that resulted in massive losses.
New Zealand Supperannuation Fund Battles Slack for Investing in 'Illegal' Cluster Bombs
New Zealand's Green Party has asserted that the county's Superannuation Fund is investing in cluster-bomb manufacturers, which is illegal.
UK Schemes Lag Behind the ESG Bandwagon, Industry Group Claims
According to the UK Sustainable Investment and Finance Association, too few UK pension funds are adopting responsible investment approaches despite an uptick in interest.
BofA Sells China Bank Stake to SWFs, Institutions
Bank of America has sold about half of its 10% stake in China Construction Bank to a handful of sovereign-wealth funds and institutions in the US and Asia, totaling $8.3 billion before taxes.
Bond Guru Gundlach Hoards Cash
Jeffrey Gundlach's DoubleLine Capital is favoring cash over almost all investments including corporate bonds.
Catastrophe Bonds Attract Scrutiny in Wake of Hurricane
The monitoring of Hurricane Irene's impact on catastrophe bonds continues.
Ohio Pensions: Federal Rule Denies Us Rightful Fannie Payment
Two Ohio public pensions are asking a judge to disallow federal agency rules that would potentially subordinate their claims in a lawsuit against Fannie Mae.
Study: Union Strength Impact on Pension Benefits Is Nil
New data released by the Center for Retirement Research shows that union strength appears to have no impact on the level or growth of benefits.
Aon Hewitt Urges Legal Simplification on EU Pension Legislation
Consulting firm Aon Hewitt claims that EU rules on the establishment of cross border pensions must be simplified.
BofA Profits From Buffett's Capital Injection
Berkshire Hathaway's Warren Buffett has made a major investment in the largest US bank.
Lehman Execs Aim to Settle Investor Lawsuit for $90 Million
Court documents show Lehman Brothers Holdings executives, including former Chairman Richard Fuld, are seeking the release of $90 million in insurance funds to settle a potential multibillion-dollar lawsuit brought by shareholders.
JP Morgan: Institutional Investors Take Advantage of Lackluster Markets by Rebalancing
According to JP Morgan, institutional investors are increasingly rebalancing their portfolios following recent market volatility, targeting investments in high-dividend equities, active emerging markets and selective commodities.
Survey: Pensions Seek Alts on Volatility Concerns; Inconsistent Use of LDI
A new poll by SEI asserts that more pensions are using alternatives, with LDI strategies inconsistently used.
India, China Capture Lion's Share of Total Emerging Market PE Investment
Data from the Emerging Market Private Equity Association (EMPEA) shows India and China have taken 68% of total emerging market private equity investment.