Hector Mayol, the system’s Administrator, notes that required benefit payments are eating into investable capital, but that the Commonwealth’s Governor is now setting his sights on the pension problem.
A report analyzing the market's reactions to investments by
sovereign wealth funds, with approximately $3 trillion in assets in 2008
and a projected $15 trillion by 2015, finds that wealth fund injections
in the US have unintended consequences.
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.
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.
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.
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.
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.
