News

Severity of Nation's Public Pension Crisis in Question

A new report by the Center for Economic and Policy Research urges a closer look at shortfalls faced by state and local pension funds, arguing that most states face pension shortfalls that are manageable, especially if the stock market does not face another sudden reversal.

BNY Mellon Survey Shows Funded Status of US Pensions Rises to 88%

According to monthly statistics published by BNY Mellon Asset Management, US corporate pension plans in February continued to prosper from the global stock market rally, as the funded status of the typical corporate plan rose 0.4 percentage points to 88%.

Middle East Unrest to Spur Investment

Despite fears about investment in the Middle East, turmoil in the region is likely to accelerate growth, making the region increasingly attractive for investors, according to ING Investment Management.

Can New York City’s Most Celebrated Citizen Revolutionize Its Pension System? Mayor Michael Bloomberg Will Soon Find Out.

That Mayor Michael Bloomberg of New York City is attempting to renegotiate public sector benefits is well known. That he is also trying to overhaul the management of the pension’s existing capital is less well covered. An aiCIO Magazine exclusive look at how one of America’s most prominent citizens is tackling one of its most difficult problems. Joe Flood, Paula Vasan, and Kip McDaniel report.

Investment Risk Biggest Worry, HF Investors Say

The latest Credit Suisse Annual Hedge Fund Investor Survey has revealed that a focus on risk management issues is continuing to grow, with investors increasingly concerned about high standards of due diligence.

CIC 'Eagerly Awaiting' Gov't Funding

Wang Jianxi, executive vice president of the China Investment Corp., has said he is awaiting a government fund injection while warning about the inflationary problems in emerging markets, calling them "serious."