UK Defined Benefit Schemes Aim to Cut Risk Within Five Years
Research by Towers Watson has found that a majority of corporate executives running DB schemes say they would use sophisticated financial products to reduce their risk.
News
EDHEC Encourages Sovereign Wealth Funds to Revise Investment Approach
With the growth of sovereign wealth funds likely to continue and expected to reach around $10 trillion within the next decade, a new paper by EDHEC says these investment vehicles should improve their investment policies and risk management practices.
Steve Rattner and Andrew Cuomo Continue Face-Off
The co-founder of New York-based Quadrangle Group Steven Rattner has said Attorney General Andrew Cuomo's lawsuit in a pension-fund kickback case is “close to extortion.”
Study Shows Insurers Battle Lower Investment Returns
A report by Swiss Re has found that the ongoing financial crisis has created a "new, challenging environment for insurance investment managers."
In Push for Greater Disclosure, SEC Implements New Rules for Hedge Fund Managers
The agency's provisions would implement provisions to the recently-enacted Dodd-Frank financial regulation reform law, which requires advisers to hedge funds and other private funds to register with the SEC.
PIMCO Seeks Troubled Assets From Banks
One of the world's largest asset managers is seeking at least $1 billion for a private fund to buy troubled loans from banks.
Institutional Investors Win in Securities Fraud Suit Against BankAtlantic
The jury has ruled that executives at BankAtlantic Bancorp failed to alert investors about risks in its real estate loan portfolio as the US housing market faltered.
NYC Pensions Probe Banks for Foreclosure Info
New York City Comptroller John C. Liu, on behalf of the trustees of the New York City Pension Funds, is calling on directors at Bank of America Corporation, Wells Fargo & Company, JPMorgan Chase & Co., and Citigroup Inc. to conduct an independent audit of their banks’ mortgage and foreclosure practices.
GSAM Survey Shows Commodities Appear Less Risky
More than half of respondents said they view investing in stocks, bonds, property, private equity and hedge funds as slightly or much riskier than before, with commodities being the slight exception.
Pew Center Shows States Boost Effort to Combat Rising Public-Sector Pension Costs
The rising cost of worker and retiree benefits has pushed nineteen states to reduce pension liabilities or increase employee contributions in the first 10 months of 2010, a new study shows.
Pensions Say Goodbye Equities, Hello Alts
An annual poll by Baring Asset Management has revealed that about 50% of UK pensions have recently altered the allocations of their funds in favor of alternatives to reduce volatility and achieve greater diversification.
Study Shows UK Pension Risk Transfers Set to Double
Hymans Robertson has showed that by 2012, pension risk transfers are set to surpass £1 billion in the fourth quarter.
Kuwait's SWF Considers GM Stake; Future Fund Calls for EU Stability
The Gulf country's sovereign wealth fund is expected to purchase a stake in General Motors after it issues its IPO later today; Australian Future Fund Chairman David Murray seeks EU stability.
PBGC Reports Widening Deficit in Fiscal 2010
The Pension Benefit Guaranty Corp., which insures the pensions of one in seven Americans, revealed that its annual deficit increased 4.5% to $23 billion.
Asset Managers Achieve Hefty Paychecks in 2010
Compensation in the US asset management industry is rebounding after two less lucrative years, a new report reveals.