Report Shows Pension Shareholder Activism on the Rise in 2011
A new study has shown that pension fund shareholder activism is set to rise over the next 12 months.
News
Britain's Universities Pension Boosts HFs, Seeks Infrastructure
The £30 billion universities pension fund aims to up its exposure to short-term computer-driven hedge funds that try to profit from volatility by betting on turbulent market moves.
HFs Revise Infrastructure, Staffing, and Pay to Attract 'Sticky Money'
A recent survey by Alpha Search Advisory Partners has revealed that while hedge funds are reworking policies to lure money from institutional investors, change to the pay structure of marketing executives at hedge funds has been slow.
CalPERS Posts Latest Return That Tops Estimates
The California Public Employees' Retirement System has reported a 13.3% return on its investment for the year ended June 30.
Survey Shows Continued Shift Toward Emerging Markets and Alts
A study by Deutsche Bank has revealed an anticipated asset allocation shift as asset owners migrate away from US equities into other asset classes.
Sweden's AP1 Pension Sues BNY Mellon for $35.5 Million Loss
The pension is reportedly suing the firm for losses from an investment by the asset manager that went sour during the global financial crisis.
Commonfund Ceases Direct Real Estate Investing
Commonfund will discontinue direct real estate investments as it is aiming to restructure a losing $1 billion fund.
Reality Check: Trustees Unable to Devote Adequate Time to Investment Decisions, UK Survey Says
A survey by one of the country’s biggest pension advisory firms has revealed that time-pressured trustees are unable to spend sufficient time on investment decisions.
Canada's Biggest Pensions Team Up, Committing $3.4 Billion to British Rail Link
In the same week that the Canadian government blocked the hostile takeover bid for Potash Corporation by the Anglo-Australian mining group BHP Billiton, two of Canada's largest pension funds have won a 30-year deal to operate a rail route linking the Channel Tunnel with central London.
Pittsburgh Pension Forecast Even Worse Than Expected Under State Control
Yesterday afternoon, the City Council heard from state officials about what a state takeover of city pensions could mean to taxpayers -- the process would result in steeply higher annual pension payments, beginning in 2013.
Norway SWF to Invest More Heavily in Real Estate
Norges Bank has made its first real estate investment for the Norwegian Government Pension Fund Global, acquiring a 25% stake in The Crown Estate's Regent Street portfolio in London in March 2010.
In Surprise Move, Canada Blocks BHP's Potash Bid
BHP has 30 days to appeal and convince the federal government that its offer is of “net benefit” to the country, at which point the government will make a final decision.
Report Shows Small University Endowments Outperform
Preliminary data from 80 colleges and universities gathered for the NACUBO-Commonfund Study of Endowments to be released in January shows that broad gains in the stock market last year helped college asset pools earn their first positive investment return in three years, with the smallest endowments performing better than the largest ones.
China SWF Pushes Obama to Invest in Infrastructure; Lou Jiwei Warns of Slowing Economic Growth
China's sovereign wealth fund -- the China Investment Corporation (CIC) -- has urged the US to invest in infrastructure to boost American competitiveness and create jobs; Lou Jiwei, chairman of the CIC, warns that China's economic growth may face a slowdown as its population ages.
Oregon Sues Bear Stearns for $17 Million Over Losses
The state of Oregon is suing former financial giant Bear Stearns,
alleging the company issued misleading information about securities.