Strong gains in equities and higher employer contributions have pushed the nation's largest employer-sponsored pension plans toward higher funding levels in 2010, Towers Watson reveals.
News Archive: Apr - 2011
Massachusetts Secretary of the Commonwealth William F. Galvin is looking into the third-largest custody bank over its handling of foreign-exchange transactions.
Eastman Kodak's Timothy Barrett, the former executive director and chief investment officer at the San Bernardino County Employees' Retirement Association, speaks with aiCIO about the conflicts that public pension funds face when they decide to outsource investment expertise.
The SEC and CFTC have laid out long-awaited swaps definitions covered under the Dodd-Frank law.
The $236 billion California public pension said it has allocated $400 million toward three emerging managers in the pension fund's Manager Development Program II for public investment.
Peru's Congress will let the country's privately-run funds, which manage around $30 billion in pensions, to invest more overseas.
Pacific Alternative Asset Management Co. will not face a Securities and Exchange Commission enforcement action over its relationship with Paloma Partners' Donald Sussman.
Regulators have placed more scrutiny on exchange-traded funds as institutional investors have embraced the product, Deborah Fuhr, ETF guru and global head of ETF research at BlackRock, told aiCIO.
Bruce Tomlison, Sunsuper's portfolio manager, has expressed his support of smaller hedge fund managers in favor of larger ones; consultants have an all-embracing approach, saying "it would be foolish to completely shun the large guys."
The largest US public pension has said Goldman Sachs Group Inc.'s payment plan for Lehman Brothers Holdings Inc. treats pensions and retirees who own Lehman bonds "unfairly."
A report released today by the Pew Center on the States provides another glimpse into how badly US state pensions were battered by the recession.
Northern Trust: In Contrast to Popular Belief, Active Managers, Equity Overweighting Spur Strong Returns
Superior active manager performance and gains in equities have propelled returns of US pension plans as well as endowments and foundations in the Northern Trust universe.
Jeremy Grantham, chief investment strategist of fund manager GMO Capital Management, says that since growth of natural resources is severely limited as population and demand soar, the age of cheap commodities prices is over.
A study by JPMorgan Chase & Co. has shown that Japanese pensions are flocking to alternatives such as hedge funds, while keeping their investment plans intact despite crisis in the region.
News that investment managers at the Texas Teacher Retirement System received more than double what every other state agency's top employees have received combined since 2007 has raised concerns that top-performing executives may flee smaller funds with less robust compensation structures.