In what parent company Allianz called a "natural part" of the bond fund manager’s push from bonds into stocks and other investments, the Pacific Investment Management Co. has planned to assume control over the selling of its mutual funds.
The China Investment Corp. has worked with $200 billion from the
central government, which granted the money when the sovereign wealth
fund was created in 2007; the second round of investment has been on the
radar for more than a year.
In consultant firm Mercer's latest Fearless Forecast survey, investment managers have predicted that Canadian pensions will experience reduced shortfalls, with funds seeing their funded status moving closer to the levels they hit before the market downturn in 2008.
The Los Angeles County Employees Retirement Association (LACERA) has reportedly axed Goldman Sachs Asset Management's mandate to bring the core-plus exposure in line with the fund’s fixed-income suballocation targets.
A study by Northern Trust of approximately 97 institutional managers shows expectation of rising inflation and interest rates, as well as increased skepticism about the prospects for emerging markets.
The largest US phone company has announced via an SEC filing that it has changed its method of recognizing actuarial gains and losses for pension and other post retirement benefits.
State Comptroller Thomas P. DiNapoli, trustee of the
$132.8 billion state and local employee retirement fund, asserted that
the New York State Common Retirement Fund was misled about the extent of
Merrill Lynch’s participation in the subprime mortgage mess.
As part of its multi-asset allocation within the Wisconsin Retirement System (WRS), the State of Wisconsin Investment Board (SWIB) has allocated $600 million to two risk parity strategy managers.
A majority of claims, dating from early 2009, against the Royal Bank of Scotland have been dismissed by a US judge on the precedent that investors cannot use federal courts to raise fraud claims over the purchase of foreign securities.
Tim Thonis, pension administrator of the Ventura County Retirement Board in California, resigned unexpectedly, and while speculators blame years of failed promises over pay raises, he cites governance as the reason.
The survey by the Insurance Asset Outsourcing Exchange has suggested that insurance companies should provide a better description of investment needs up front in the RFP, among other recommendations, and created a list of best practices.
The bank has formed a deal with Paternoster, acquiring all of the
shares in the pension insurer to nearly double Goldman's $4.7 billion
insurance business in the UK.
According to the latest figures from the Pension Protection Fund (PPF), the UK's 6,560 final-salary schemes in the private sector have moved to a surplus, following positive news on pension funding ratios in the US.
