Top Pension Priority in 2011: Meeting Funding Goals
According to an SEI poll, pension plan sponsors say their number one priority for the coming year is finding a way to control funded status volatility.
News
Report Warns Expecting Continued Stellar Bond Performance 'Would Be Fantasy'
The 2011 Credit Suisse Global Investment Returns Sourcebook has shown that the average annualized returns for the 19 countries in the authors’ worldwide sample were 5.4% for bonds and -0.4% for stocks, warning that future returns for bonds are likely to be far lower.
CalPERS Sues Ex-Lehman Execs & Underwriters, Alleging a 'Fraudulent Scheme'
The California Public Employees’ Retirement System (CalPERS) is suing ex-Lehman executives and underwriters, saying they hid Lehman’s exposure to subprime loans when they sold the California public pension fund about $700 million in bonds.
Study Shows Rebound in US Institutional Investment Manager Hires
Results from an analysis based on Eager, Davis & Holmes’ Tracker Hiring Analytics database shows US institutional investment manager hires rebounded in 2010 relative to a low water mark set in 2009.
Towers Watson Study Shows Global Pension Fund Assets Hit Record High in 2010
According to the latest research by consultant firm Towers Watson, US pension fund assets reached $15.3 trillion in 2010, up 11% from 2009, with global institutional pension fund assets hitting $26 trillion.
CIO Survey Shows Active Equity Gains Traction
According to the latest quarterly CIO study by KBW analysts, the outlook for active equity has modestly improved, while alternative strategies in particular seem poised to generate new flows.
After Scandal, Wesleyan’s New CIO (a Swensen Protege) Boasts Above-Average Returns
Wesleyan University's Chief Investment Officer Anne Martin is implementing a new philosophy following the scandal of Thomas Kannam, the endowment's former CIO who left the school after being sued for spending most of his time on outside business ventures, despite having a contract that prohibited such behavior.
BP's Former CEO Approaches Abu Dhabi's SWF to Lead New Oil Company
Tony Hayward, the former BP chief executive, has reportedly been approached by Abu Dhabi's sovereign wealth fund -- the Abu Dhabi Investment Authority (ADIA) -- to set up a new global oil company.
Timber Too Tame an Alternative for You? Try Dairy Farms.
With the New Zealand Superannuation fund’s purchase of farmland, expected to top US$380 million in value in the coming years, further proof is seen of a growing trend among institutional investors.
Are Canadian Endowments Besting American Ones? Maybe.
Are Canadian endowments outperforming their American counterparts? Possibly – but all is not what it seems at first glance with the National Association of College and University Business Officers (NACUBO) average.
Prosecutors Expand Investigation Into Banks on Cheating Pensions
Investigators are in the process of probing banks on overcharging state pension funds for currency trades, the Wall Street Journal has reported.
AXA Rosenberg Settles With SEC, Paying $242 Million for Hiding Computer Glitch
The US computer-based investment branch of the French AXA group will pay $242 million in compensation and fines for allegedly concealing a major program glitch.
PIMCO's Gross Says Bankers Should Be Ashamed
In a 2,000-word diatribe, PIMCO's Bill Gross has said that Central bankers compare unfavorably to the devil and that money managers have failed to properly allocate capital.
Pension Orgs Aim to Set the Record Straight on Public Schemes
A group of 10 organizations representing state and local governments and public pension plans have released a fact sheet to get the facts out on public pension plans.
Bloomberg Urges Major Reform to Plug Pension Hole
New York City Mayor Michael Bloomberg has proposed a major overhaul of the city's expensive pension system, which he has said would be his administration's No. 1 priority in Albany.