Aging Population Pushes Japan Oversees for Infrastructure
Japan's private pensions, which
oversee more than JPY60 trillion, are in search of a reliable stream of
returns to meet the retirement needs of the world’s fastest-aging
population.
News
Study: Global Retirement Market to Grow 66% by 2020
Despite the financial crisis, the global
retirement market is expected to grow over the next decade, with total
pension assets increasing from €22 trillion to €36 trillion.
Pay Scandals Encourage CA Bill to Tackle Inflated Pensions
In response to pay scandals in the Los Angeles city of Bell, California lawmakers advanced legislation early this week to curb "pension spiking" in the state´s two largest pension systems.
Pension Insurance Corp. Serves as Lifeboat for Alliance Boots
Alliance Boots has outsourced part of its pension plan by offloading
about £300 million of retirement fund liabilities to Pension
Corporation.
Aon's Investment Consulting Group Surpasses $1 Billion
The company's growth in assets under management for its US clients
reflects its effort to expand into human resources consulting worldwide.
Northern Trust Opens Beijing Branch
The bank and asset manager has been given permission by the Chinese government to open a new custody office for institutional clients in Beijing.
Survey: Sentiment for US Stocks Among HF Managers Grows Bearish
Amid concern about slowing economic growth, a new survey shows more than a third of managers are increasingly bearish about the US stock market and upbeat on 10-year Treasuries.
Pension Deficits Haunt 32% of FTSE Firms
A study by KPMG shows 32% of firms "can now not payoff deficits in any realistic time frame from discretionary cash flow."
Amid Bribery Scandal, Suspended Top Investment Officer Leaves CalPERS
A civil lawsuit against CalPERS alleges that placement agent Al Villalobos attempted to "bribe" Shahinian in 2007 by flying him via private jet to New York to attend a fund-raiser honoring Apollo Management LP founder Leon Black -- a month later, Shahinian recommended an investment in Apollo from CalPERS, the suit alleges.
Blackstone Execs Forced to Return $3 Million of Pay
In the firm's first "clawback," Blackstone executives returned $3
million in carried interest to investors in Blackstone Real Estate
Partners International LP during the second quarter.
Activists Urge Gates Foundation to Shift to Socially and Ecologically Appropriate Practices
Activists are organizing a campaign to urge the $33 billion Gates Foundation to sever ties with agribusiness giant Monsanto and other firms involved in developing bio-engineered crops, encouraging the foundation to shift its funding priorities from industrial agriculture to socially and ecologically appropriate practices.
SEC Steps Up Crisis Action
The US Securities and Exchange Commission (SEC) has warned that it will bring more high-profile enforcement actions against Wall Street over the financial crisis.
Corporate DB Plans Aim to Minimize Global Investment Risk, Survey Says
The survey of 114 cross-border organizations found that more than three-quarters (77%) are seeking to make changes to promote better management of risk globally, while many are considering changes to elements of their governance frameworks.
UK's Pension Protection Fund Plans for 110% Funding by 2030
Britain's Pension Protection Fund (PPF), created in 2005, aims to build its solvency ratio to 110% over the next 20 years, from 88% in March 2009.
SEC Gives Power to Shareholders to Influence Boards
Long sought by investor advocates, the new rule by the SEC makes it
easier for shareholders to nominate directors of public companies.