Japan's GPIF to Allocate to Emerging Equities
The Government Pension Investment Fund (GPIF), which holds about $1.4 trillion in assets, will pick both active and passive managers to invest in emerging markets for the first time.
News
CalPERS Severs Ties With Pacific Corporate Group Over Pay-to-Play
Amid criticism of CalPERS' poor returns and conflict-of-interest questions, the biggest US public pension said it is severing its 21-year relationship with Pacific Corporate Group as it revamps its private-equity program.
Corporate Pensions Enjoy Positive Swing in September
The latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans, shows funded status increased by $67 billion during September.
Swath of Frontier Economies to Create SWFs
Governments in at least nine frontier markets -- in countries in Africa, the Middle East and Asia -- are scoping out the possibility of setting up sovereign wealth funds.
CalSTRS Limits Commodities Investment, Allots $370 Million to Property in Q2
The board of the California State Teachers Retirement System has decided to lower its proposed commodities investment from a reported $2.5 billion to $250 million or less.
Ontario Teachers Pension Plan to Bid for PotashCorp., Threatening Rival Bids
PotashCorp. has attracted heightened interest from rivals trying to top BHP Billiton's takeover offer.
Pensions Brainwashed by 'Twitter Effect,' Leading Investor Says
In response to a call by Britain's former City minister Lord Myners for major shareholders to look to the longer term, a leading fund manager condemned Twitter for contributing to a society keen on instant results without regard to what will happen years into the future.
Canada Pension Plan's Investment Arm Ups Stake in 407 Toll Route
Canada Pension Plan Investment Board has agreed to buy an additional 10% stake in the 407 Express Toll Route near Toronto for $879 million.
Norway to Include PE, Infrastructure; New Strategy Council
In a bid to increase returns, the $471 billion fund has intended to broaden its investments to include infrastructure projects and private equity investments.
Consultancy Rogerscasey Urges Institutional Investment in Africa
The investment consultancy firm favors debt, private equity, infrastructure, agriculture, and timber as African investment sectors.
Aon Completes Merger With Hewitt
In the biggest deal ever involving a benefits consultant, the $4.9 billion acquisition will likely strengthen Aon's drive into human resources consulting.
Two Former State Street Execs Battle SEC Charges
The regulator is charging two former top State Street Corp. executives of misleading investors in a bond fund at the center of a $313 million settlement between parent State Street and the SEC earlier this year.
Korea NPS Flocks to Asian and Australian Real Estate
South Korea's National Pension Service will invest in Asian and Australian real-estate as it continues to diversify its portfolio, now mainly invested in domestic bonds.
Onex and Canada Pension Complete the Largest Buyout of 2010
The deal between Onex, the Canadian private equity firm, and the Canada Pension Plan is valued at $5 billion, making it the largest private-equity deal this year.
US Chamber, Business Roundtable Sue SEC Over Board Nominations
The country's biggest business lobby and another business group are
challenging the Securities and Exchange Commission's new rules that make
it easier for shareholders to nominate directors of public companies
and to oust sitting directors.