CalSTRS to Boost RE Investments
The second largest public pension fund in the US has
acquired $216 million worth of property in Q1, further indication that
the real estate market is slowly recovering following the global
economic crisis.
News
PE Fundraising at Its Lowest Level Since 2003
Preqin shows an increase in the number of funds being
abandoned or put on hold.
Whisky to Plug Pension Deficit
Diageo has found a creative way to plug its growing UK pension hole:
Fill it with £430 million ($642 million) worth of Scotch from its
distilleries in Scotland.
Norway's SWF Expands Investments in Asia
The fund is following a trend among sovereign wealth investors boosting investments in the Asia-Pacific region.
State Street Sues Former Execs Over 'Employee Raid'
The firm's suit alleges that three of its former executives violated agreements they signed regarding confidential information they gained about State Street’s securities lending business in the course of their employment.
SEC Ruling Curtails Political Contributions From Managers
US regulators voted 5-0 at a meeting in Washington to limit contributions after pay-to-play scandals.
AIG and Goldman Execs Defend Risky Trades Leading to Meltdown
Executives from American International Group Inc. and
Goldman Sachs are testifying today in a two-day FCIC
hearing, focusing on the role of derivatives during the
financial crisis.
New York Pension Reevaluates BP Suit Yet Will Move Forward
Legal experts say the Supreme Court ruling
would likely hit claims from BP’s foreign shareholders in US courts
while also negatively impacting the position of US investors.
Japan Pension Wants United Fund
Takahiro Mitani, president of the world's largest pension fund, says
splitting the fund in two would be inefficient.
CalPERS and Other Bondholders Say Lehman Bankruptcy Plan Fuels Conflict
A group of 12 creditors says Lehman Brothers Holdings Inc.’s plan to pay claims fosters conflicts among creditors that may lead to lawsuits.
UK Report Urges Schemes to Invest Responsibly
Ten years after the UKSIF
introduced pensions disclosure regulation, the group is urging schemes
to increase their skills in sustainability governance.
Mutual Fund Firms Thrown Back Into Uncertainty With Passing of Byrd, Reversal of Brown
The death of Senator Robert Byrd and the wavering Senator Scott Brown may delay the approval of Wall Street overhaul rules, which has been a top priority for President Obama.
G20 Leaders Pushed to Fight for Shareholder Rights
In letters to Canadian Prime Minister Stephen Harper and Chung
Un-Chan, prime minister of South Korea, the International
Corporate
Governance Network urged G20 leaders to recognize the intrinsic
role of institutional investors in reforming shareholder
rights.
Losses at Bahrain's SWF More Than Doubled Amid Global Slump
Bahraini state investment fund Mumtalakat said losses soared last
year as it restructured some of its holdings.
SEC to Restrict Pay-to-Play After Industry Abuses
US
regulators are likely to restrict investment advisers from giving money
to politicians to win pension business after pay-to-play scandals.