According to a report by an independent council, Norway's 3 trillion kroner ($494 billion) Government Pension Fund-Global should take better advantage of its size, lack of liabilities, and long investment horizon.
The Council of Institutional Investors, which represents about 130 pension funds, has shown that pay practices at major Wall Street banks likely helped drive excessive risk-taking by executives and contributed to financial collapse in 2008.
Ireland's National Pension Reserve Fund, which holds roughly €24.5 billion in assets, may contribute up to €10 billion to cover the cost of the bailout package from the European Union and International Monetary Fund.
With the growth of sovereign wealth funds likely to continue and expected to reach around $10 trillion within the next decade, a new paper by EDHEC says these investment vehicles should improve their investment policies and risk management practices.
The agency's provisions would implement provisions to the recently-enacted Dodd-Frank financial regulation reform law, which requires advisers to hedge funds and other private funds to register with the SEC.
New York City Comptroller John C. Liu, on behalf of the trustees of the New York City Pension Funds, is calling on directors at Bank of America Corporation, Wells Fargo & Company, JPMorgan Chase & Co., and Citigroup Inc. to conduct an independent audit of their banks’ mortgage and foreclosure practices.
An annual poll by Baring Asset Management has revealed that about 50% of UK pensions have recently altered the allocations of their funds in favor of alternatives to reduce volatility and achieve greater diversification.