Unchanged Inflation Index Pushes Hedging Costs Higher
Most thought inflation measurements were in line for change in the UK – they are not, and now pension funds could pay the price.
Regulation
PIMCO: Wise Moves for Bernanke in 2013
Federal Reserve Chairman Ben Bernanke’s term ends in January 2014, and it is unclear whether he will stay on for another--so what should be on his to-do list?
A Bond Market Boon From Basel?
Banks have more breathing space for their capital buffers and an unloved security could find new favour as a result.
Illinois Lawmaker Calls 100% Pension Funding ‘Impossible’
State legislators are locked in last minute negotiations to reform the impoverished pension system before the end of the legislative session.
Pension Giant Welcomes Increased Alternatives Oversight
Pension funds are allocating more assets to alternatives – but are they monitoring their exposure correctly?
How GASB Rule Changes Will Impact Pensions
A 'sea change' is on the horizon in public pension reporting, according to a newly released paper by Michael Moran of Goldman Sachs Asset Management.
The Fed Keeps Interest Rates in the Doldrums: Investors React
The Federal Reserve has said that it plans to maintain interest rates ultra-low--and many investment consultants support the decision.
SEC Fines HF Manager $44M for Alleged Illegal Trading of Chinese Stocks
The US Securities and Exchange Commission has charged the manager of two US hedge funds with insider trading involving Chinese bank stocks.
San Bernardino Bondholders Take on CalPERS in Court
Bondholders are protesting against CalPERS' demands for first dibs on the bankrupt city's remaining assets.
ABP Targets More Mortgage-Backed Securities Settlements
The largest Dutch pension fund has settled a legal battle with one Wall St. giant and has more in its sights.
First There Was the Libor Scandal…
...now the European lending rate is under fire from regulators.
Verizon/Prudential Pension-Risk Transfer Survives Court Challenge
A lawsuit from a small number of Verizon retirees will not stop the $7.5 billion transaction, a Dallas court ruled today.
Verizon, Prudential: Annuities 'At Least' as Safe as DB Pensions
Verizon, which is being sued by retirees to block its pension-risk transfer to Prudential, argues members will be better protected if the deal closes.
Verizon Retirees Sue to Block Pension-Risk Transfer
The handover to Prudential strips members of ERISA and PBGC protection, which, the retirees argue, leaves them shouldering extra risk.
Financiers Admit: Lots of Us Are Corrupt
Nearly one in three feel pressured to violate the law or their own ethics, according to a survey, and one quarter believe it’s necessary to get ahead.