REITs Overhaul Attracts UK Insurers and Pensions

The British Property Federation has said that changes to the UK’s Real Estate Investment Trust (REIT) regime will remove major barriers to large scale investment in residential real estate by institutions such as pension funds.

LDI 2.0

From aiCIO Magazine: Is there a better way to implement liability-driven investing?

CalPERS Lambastes $180 Million in Placement Agent Activity

The nation's largest pension has released a special 56-page review on placement agent activity, accusing a former chief executive and two former board members of steering billions of dollars to politically connected firms; refuses rate-of-return cut.

Mini-Madoff Pleads Guilty in Ponzi Case

Francisco Illarramendi has pleaded guilty to five criminal counts after US prosecutors accused the Connecticut hedge fund manager of running a multiyear Ponzi scheme that may have defrauded investors out of hundreds of millions of dollars.

PIMCO's El-Erian Says the Fed Must Exit QE2

Mohamed El-Erian, CEO and co-CIO of the Pacific Investment Management Co. (PIMCO), told CNBC that the US economy must learn how to survive independently, without artificial stimulus.

Buried in Unforeseen Costs, BofA Settles Countrywide Suit

US District Judge Mariana Pfaelzer in Los Angeles has required Countrywide and its parent company, Bank of America Corp., to provide $600 million for former Countrywide shareholders, yet many investors aren't satisfied by the settlement.

Kentucky Bill Aims to Ban Pension Middlemen

House State Government chairman Mike Cherry has said he aims to prohibit the state government's pension funds from paying well-connected middlemen, also known as placement-agents.