Hong Kong Billionaire Beats ADIA, Macquarie Capital, and CPPIB to Buy UK Power Grids
Tycoon Li Ka-shing's more than $9 billion deal for three UK
power grids makes him one of the biggest owners of Britain's infrastructure.
News Archive: Jul - 2010
ETF Assets Drop Slightly in First Half of 2010, SSgA Says
In the first half of 2010, State Street Global Advisors’ (SSgA) U.S.
ETFs total client assets fell 0.4% to $772 billion but remain strong.
From ai5000 Magazine: The Fires by Joe Flood
In a testament to ai5000 Editor-in-Chief Kip McDaniel's judgment of talent (or luck, as some see it), ai5000 book reviewer Sara Nelson critiques ai5000 Editor-at-Large Joe Flood's The Fires -- his first (of what we hope is many) non-fiction novel.
Ruling: Ex-Hevesi Aide to Proceed to Trial in NY Pension Scandal
In an 82-page ruling, Supreme Court Justice Lewis Bart Stone in Manhattan dropped some of the charges against Hevesi, which include felonies and misdemeanors of bribery, grand larceny, money laundering and fraud.
From ai5000 Magazine: Green Swans
Shawn Kravetz writes about how Green Swans are both a risk and an opportunity for investors.
Australian Super Funds Return 4.5% Over 10 Years
Data from SuperRatings reveals that the average super fund returns have fallen under the double-digit mark, as Australians would have fared better by putting their superannuation solely into Australian shares for the past decade.
From ai5000 Magazine: Environmental Investing, Debunking the Myths
Asset owners often find common cause in arguments against employing environmental investing. By Angelo A. Calvello.
China Investment Corp '09 Profit Reaches $41.7 Billion
Despite a tumultuous 2008, the CIC outperformed many other sovereign wealth funds following the global financial crisis -- the country's $300 billion SWF upped its net profit to $41.7 billion in 2009 from $23.1 billion in 2008.
Good Timing: After Troubled 2009, MassPRIM Announces 12.82% Return
The
Massachusetts Pension Reserves Investment Management board announced a
rebounding return on the fund's investment trust for the fiscal year.
From ai5000 Magazine: Cautiously Ahead?
In the wake of 2008, asset owners are hesitantly returning to the securities- lending world. The landscape, however, has changed dramatically since they left.
Venture Capital Firms in a Pickle
Cambridge Associates issued a report showing VC 10-year returns -- considered the most
important measurement of the industry -- were negative 3.7% for
the period ending March 31.
Financial Regs: A Top Concern for Institutional Investors
Preliminary
results of a survey by Capital Market Risk Advisors show US respondents
ranked “government changing the rules” as their chief concern for the
year ahead.
New York Pension's DiNapoli Counters Accusations of Abuse
Republican Harry J. Wilson, who's campaigning for state comptroller,
called incumbent Democrat Thomas J. DiNapoli’s management of the state
pension fund “the largest Ponzi scheme in New York State history.”
From ai5000 Magazine: Reigniting Interest
Among institutional investors, ETFs have regained a strong foothold.
Pension Schemes Face Difficulties Managing Longevity Risk
MetLife Assurance's survey showed pension fund trustees and
sponsors are struggling to effectively manage longevity risk, which
ranked second only to the measurement of technical provisions and
liabilities in importance for respondents.