South Korea and ADIA Form Strategic Partnership
South Korea and the Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, have formed an alliance for joint investments.
News
Trustees Must Join Forces to Promote Stronger Superannuation Reforms
Australian Institute of Superannuation Trustees Chief Fiona Reynolds has urged support for greater unity on superannuation reforms.
Puerto Rican Governor Claims Pension Fix Seen Within 10 Years
America’s most poorly funded public pension will be “fixed” in eight to 10 years, according to Luis Fortuno.
Pension Consortium Buys Half of Wind Project for $1.13 Billion
Danish pension insurance groups PensionDanmark and PKA have agreed to buy a 50% stake in an offshore wind farm project.
Survey Shows Pensions Exert Caution Over Emerging Market Debt
Aberdeen's latest Pensions Intelligence white paper has shown that while trustees acknowledge the diversification potential of emerging market debt, they have not yet fully embraced it.
NYC Comptroller Rolls Out Initiative to Heighten Transparency of Pensions
John C. Liu, New York City's comptroller, has announced plans to provide the public with unparalleled access to information about the city's pension schemes.
Three Pensions Head Investor Lawsuit Against Goldman Over Subprime Mortgages
Three pension funds have been named as co-plaintiffs in an investor lawsuit against Goldman Sachs Group.
SEC Pursues KKR Sovereign Client Information
A 10K filing shows that the Securities and Exchange Commission has requested information about Kohlberg Kravis & Roberts' (KKR) sovereign wealth fund clients.
Placement Agents Threaten to Abandon CA Funds, But CalSTRS Disagrees
A survey by Preqin shows that 67% of placement agents intend to cease working with California-based public pension schemes affected by new legislation, yet CalSTRS says it has experienced no such threats.
Norges Bank Remains Committed to European Bailout Fund
Dag Dyrdal, Chief Strategic Relations Officer at Norges Bank Investment Management (NBIM), which manages Norway's Government Pension Fund Global, says that the fund will continue to play an active role in Europe's bailout fund and sees opportunity in Asian markets as well as real estate.
NJ Pensions Enjoy 15% Gains; Higher Alt Allocations
A report presented to the State Investment Council shows that New Jersey’s pension funds have gained 15% this fiscal year.
Soros: Europe Must Bailout Banks to Restore Confidence
To restore confidence in Europe, George Soros, the philanthropist billionaire and hedge fund legend, says that Europe's bailout fund, the European Financial Stability Facility (EFSF), must take care of the banking sector.
Report: Insurance Outsourcing Accelerates
Findings from the Insurance Asset Outsourcing Exchange, which tracks newly outsourced investment mandates by insurance companies and investment managers, show that an increasing number of insurers are outsourcing management to third parties.
Despite Revisiting Timber Investment, SDCERA Claims No Conflict
SDCERA tells aiCIO that no conflict exists, yet fund CEO Brian White has admitted that a relationship between outsourced CIO Salient Partners and timber investor Molpus Woodlands Group should have been disclosed during the due diligence process.
Preqin Says PE Funds Face Challenging Environment
"Investors are being very wary about where they are putting their money and want to see a track record," Preqin says.