State Street: Confidence Among Institutional Investors Dips in September
Despite a rally in equities, investor confidence has fallen in Europe and the US in September, according to research by State Street Global Markets (SSGM).
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With Expectations of Commodities Boom, Caisse de Depot to Focus on Energy and Minerals
As demands for energy are expected to climb by as much as 40% in the next 20 years as incomes rise in emerging markets and as the global economy rebounds, the Caisse de Depot et Placement du Quebec plans to invest more heavily in energy and minerals.
CIC to Avoid Defense, Casino, and Alcohol Investments
The $300 billion sovereign wealth fund's supervisory board Chairman Jin Liqun said at an address at the Super Return Asia 2010 conference that the CIC will not invest in areas with repuational risk -- such as defense, casino and alcohol-related sectors -- and sees more room to collaborate with global institutions.
Study: European Funds Imprecisely Model Their Liability Hedging Portfolios
Research by EDHEC-Risk Institute has found that 45% of pensions had poorly defined liability hedging portfolios while a quarter of schemes have not fully identified their liabilities.
Mercer Urges Insurance-Style Governance Tools to Brace Super Funds for Risk
There is a gap in risk management in super funds, which now rival insurance companies in size and complexity, according to consultancy group Mercer.
GIC Recoups Losses, Reveals Emerging Markets Outperform
The Government of Singapore Investment Corporation, manager of more than $100 billion of reserves, has released its annual report for the third year, revealing positive news: a recoup of most of the losses made in 2008 as stock markets rebounded.
UK Institutions Allot 28% of Portfolios to Alts
Alternatives are rising in popularity among scheme investors, according to new research by J.P. Morgan Asset Management.
Norway's Central Bank Sues Citigroup for Stock, Bond Losses
The lawsuit is the latest in a string of legal actions against Citigroup and other large US institutions from investors who lost money in the economic downturn.
Yale University's Endowment Climbs 8.9% in Fiscal 2010
The US’ second-largest university endowment reported today that its fund rose to $16.3 billion in the year to June, yet remains well below its 2007 peak valuation of $22.9 billion.
SEC Requires Placement Agents to Register by Oct. 1
As part of the Dodd-Frank bill, about 1,000 unregistered placement agents for institutional money managers will have to register with the Securities and Exchange Commission by October 1.
Korean Pension to Invest in US Real Estate
South Korea's National Pension Service has committed to invest $300 million in troubled North American real estate through Townsend Group, the latest sign that foreign investors are delving into US property in hopes of steady return and rebounding markets.
State Street Study Predicts More M&A Deals Among European Asset Managers
The firm has found that continued M&A activity has been driven by downward pressure on fees and more scrutiny on the value of returns.
NYC Pension Fires Breeden Capital Management
The Employee Retirement System board of trustees voted to terminate Greenwich, Connecticut-based Breeden Capital Management.
Research Reveals €1.9 Trillion European Pensions Gap
A new survey by Aviva, the UK’s second-biggest insurer, has found that the pensions gap in Europe is equivalent to 19% of the European Union’s 2010 GDP, providing evidence that unless individuals increase their saving for retirement the majority will face a seriously reduced standard of living.
SEC Delves Into High-Frequency Trading Restrictions
In a speech that comes just before the SEC's report on the "flash crash," the regulator's chairman provided an early indication of how her agency wants to construct a more scrutinized derivatives market.