Mayor Bloomberg Appoints New York City's First CIO
Ranji H. Nagaswami, an Indian American with a background in the private sector, will assume the $175,000 position.
News
Pension Funding Relief Allows Contribution Cut of Up to $63 Billion
A recent study by Towers Watson has shown that while legislation recently signed into law could provide a between $19 billion and $63 billion reduction in required contributions over five years, only one-quarter of employers are likely to seek relief.
At Top UK Firms, Pensions See Declining Deficits
A study by Aon Consulting has discovered that combined pension deficit at the UK's top 200 firms fell by about a quarter between June and July, buoyed by improving equity markets and declining liabilities.
MassPRIM Appoints Michael Trotsky As New Executive Director
The board unanimously approved Trotsky at a meeting Tuesday morning.
NY State Common Closes Seven Deals Totaling Approximately $236.5 Million
The $132.6 billion New York State Common Retirement Fund has closed seven transactions, including its relationship with Goldman Sachs.
Columbia to Unveil SWF This Year
The fund may become an essential tool in the government's efforts to settle the appreciation of the peso.
Hong Kong Billionaire Beats ADIA, Macquarie Capital, and CPPIB to Buy UK Power Grids
Tycoon Li Ka-shing's more than $9 billion deal for three UK
power grids makes him one of the biggest owners of Britain's infrastructure.
ETF Assets Drop Slightly in First Half of 2010, SSgA Says
In the first half of 2010, State Street Global Advisors’ (SSgA) U.S.
ETFs total client assets fell 0.4% to $772 billion but remain strong.
From ai5000 Magazine: The Fires by Joe Flood
In a testament to ai5000 Editor-in-Chief Kip McDaniel's judgment of talent (or luck, as some see it), ai5000 book reviewer Sara Nelson critiques ai5000 Editor-at-Large Joe Flood's The Fires -- his first (of what we hope is many) non-fiction novel.
Ruling: Ex-Hevesi Aide to Proceed to Trial in NY Pension Scandal
In an 82-page ruling, Supreme Court Justice Lewis Bart Stone in Manhattan dropped some of the charges against Hevesi, which include felonies and misdemeanors of bribery, grand larceny, money laundering and fraud.
From ai5000 Magazine: Green Swans
Shawn Kravetz writes about how Green Swans are both a risk and an opportunity for investors.
Australian Super Funds Return 4.5% Over 10 Years
Data from SuperRatings reveals that the average super fund returns have fallen under the double-digit mark, as Australians would have fared better by putting their superannuation solely into Australian shares for the past decade.
From ai5000 Magazine: Environmental Investing, Debunking the Myths
Asset owners often find common cause in arguments against employing environmental investing. By Angelo A. Calvello.
China Investment Corp '09 Profit Reaches $41.7 Billion
Despite a tumultuous 2008, the CIC outperformed many other sovereign wealth funds following the global financial crisis -- the country's $300 billion SWF upped its net profit to $41.7 billion in 2009 from $23.1 billion in 2008.
Good Timing: After Troubled 2009, MassPRIM Announces 12.82% Return
The
Massachusetts Pension Reserves Investment Management board announced a
rebounding return on the fund's investment trust for the fiscal year.