CPPIB to Buy 50% of German Retailer, Highlighting Popularity of German Property Investments
The Canada Pension Plan Investment Board (CPPIB) has purchased 50% of German-based CentrO, Europe's biggest retail center.
News
Illinois Fund Sees Value in Emerging Market Specialists
The Illinois State Board of Investment is mulling over reallocating part of its non-US equity portfolio to dedicated emerging market managers.
Consultants Respond to Worries Over Sovereign Debt and Inflation
Investment consultants respond to G20's concerns about overheating emerging markets and sovereign debt worries in advanced countries.
Moody's Criticizes Pension Reforms in Hungary
Ratings agency Moody's has weighed in against Hungary's renationalisation of its pension funds.
NY Pension Scammer Heads to Prison for Pay-to-Play Scandal
Henry “Hank” Morris, chief political adviser to former state Comptroller Alan Hevesi, has been sentenced to up to four years in prison for his involvement in a pay-to-play kickback scheme over pension abuses.
Following KIC's Lead, Korea's Pension Pursues Alts
The Korean National Pension Service (NPS),the world's fourth latest pension, is aiming to broaden its portfolio this year by investing $4 billion oversees in alternative assets, including infrastructure.
PIMCO Slashes US Government Holdings
The world's largest bond fund cut its exposure to US government-related debt last month.
Illinois to Postpone $3.7 Billion Taxable Pension Bond Issue
In order to give investors time to weed through budget proposals coming from Governor Pat Quinn, Illinois will delay its $3.7 billion taxable bond issue.
Abu Dhabi SWF Buys Spanish Refiner Capsa for $5 Billion
International Petroleum Investment Co (Ipic), an Abu Dhabi sovereign wealth fund, will take ownership of Cepsa, the Spanish oil refining and distribution group.
Kentucky Bill Aims to Ban Pension Middlemen
House State Government chairman Mike Cherry has said he aims to prohibit the state government's pension funds from paying well-connected middlemen, also known as placement-agents.
Survey Shows Managers Expect Biggest Gains From Small Asian Markets
A survey commissioned by RBC Capital Markets finds that money management executives expect Asian economies to enjoy the strongest growth in 2011.
In Signs of RE Rebound, Singapore SWF Offers $1.5 Billion for Bankrupt Resorts
The Government of Singapore Investment Corp. has offered to pay $1.5 billion to buy five resorts that include Grand Wailea Resort Hotel & Spa in Maui, Hawaii, and the Doral Golf Resort & Spa in Miami.
Obama Proposes Upping PBGC Insurance Costs With Risk-Based Pensions
President Barack Obama's budget proposal has urged risk-based pension premiums, which were once championed by the Bush administration.
Report Shows Climate Change Poses Up to 10% of Portfolio Risk Over Next 20 Years
A study by Mercer has shown that over the next two decades, trillions of dollars are at stake over climate change.
Dutch Pension Fund Forced to Sell Gold Holdings
The De Nederlandsche Bank (DNB) has ordered the country's $404 million pension fund to significantly reduce its gold allocation.