From ai5000 Magazine: Life After Death
Critics are singing private equity’s swan song. They’re wrong—and
here’s why. Joe Flood reports.
News
J.P.Morgan Pursues Alternatives Portfolio for UK Schemes
The firm's asset management division is offering small
UK schemes with greater access to hedge funds, infrastructure and
private equity.
Canada Pension Bids $3.4 Billion for Intoll Group
The conditional offer marks the Toronto-based fund
manager's
second attempt to purchase an Australian toll road operator, following a
failed
bid to take control of Transurban Group in May.
Sacramento Pension Ordered to Release Details to the Public
Sacramento County Superior Court Judge Allen Sumner has ruled that the public has a right to know about county workers' pensions.
OECD Pensions Remain Nearly 10% Below Pre-Crisis Levels
A study shows that even though pension assets in Organisation for
Economic Co-operation and Development (OECD) countries remain below
December 2007 levels, some countries. such as Hungary and Norway, have
already recuperated completely from 2008 losses.
Hedge Fund Returns Suffer in 2010 Amid Europe Crisis
Worries
that the
sovereign debt crisis in Europe may stall a global economic recovery
fueled hedge fund declines in 2010.
Florida SBA Takes Lexington Stake for $41 Million
The deal marks SBA board's first ownership stake in a private
equity manager or any investment management company.
Goldman, Citigroup and 13 Other US Banks Sued by Mortgage Investor
Cambridge Place Investment Management has sued 15 US banks after losing $1.2 billion on subprime mortgage-backed securities.
US Pension Deficits Near Record High
A new study by consulting firm Mercer shows US pension deficits have reached a record high, revealing a downturn in pension health that erases gains achieved since January 2009.
MassPRIM’s CIO Says Pay-to-Play Regulation Is Not a Focus for Discussion
While MassPRIM told ai5000 that they are not currently taking action following the unanimous vote late last month by the SEC to curtail so-called “pay-to-play” schemes, a variety of public pension funds are working to adopt policies limiting the use of placement agents.
Despite BP's Hopes for SWF Backing, Abu Dhabi Is Hesitant
BP Chief Executive Tony Hayward’s tour of the Gulf last week increased speculation that the company is looking for investment from sovereign wealth funds (SWFs) and other state entities in the region, yet Abu Dhabi is reluctant to invest in the company, a report said.
Survey: Pensions Dive Into Alternatives
Allocations to alternative assets -- specifically to commodities and
infrastructure -- have continued to rise and now account for 17% of all
pension fund assets globally, up from 6% ten years ago, Towers Watson
research reveals.
Goldman Seeks Merged Shareholder Lawsuits
Goldman executives and directors, including Chief Executive Lloyd
Blankfein, are defendants in the many shareholder lawsuits filed against
the bank.
Survey: Managers Fear Curbed Growth as Euro Debt Concerns Continue
A study by Northern
Trust Global Advisors (NTGA) shows institutional investment
managers have moderated their expectations for
global growth.
CalSTRS to Rely More on in-House Assets
As part of the fund's 10-year plan for its
investments, CalSTRS is considering reducing its number of external
money managers.