A new FTfm survey finds that passive and fixed-income investment
managers are on the rise in the institutional investment space, with
Legal & General Investment Management and Barclays Global Investors,
now subsumed by BlackRock, taking the lead.
BP's Chairman Carl-Henric Svanberg and Group Chief
Executive Tony Hayward issued a statement saying they will meet
obligations to institutional investors, including
pension
schemes, but are unable to guarantee dividend
payments.
The Government Accounting Standards
Board will be releasing a preliminary views document later this month
that may shock public pension systems and the taxpayers who fund them.
Mounting problems for Goldman: CalPERS claims that when Goldman
applied with the fund to become a real estate investment consultant, it
misled the fund about it's legal status, specifically stating that it
was not "the target of a formal investigation."
Dutch money manager
Robeco Group aims to double assets from Japanese pension funds within
two years, shifting investments away from traditional asset classes such
as bonds and equities.
An adviser to China’s enormous state pension fund is planning to
return to the hedge fund world by forming JT Capital Management, a
China-focused fund.
A preliminary study in Canada shows that while research has shown
that funds with published investment beliefs achieve better risk
adjusted results, a majority of funds are secretive about their
investments.
The executive director of the Massachusetts Pension Reserves
Investment Management Board (MassPRIM) is stepping down next month, a
treasury staffer said Monday.
