Citigroup is aiming to dismiss efforts by Lehman Brothers to recover $1 billion in collateral that the investment bank was forced to post when it was approaching bankruptcy in 2008, Bloomberg is reporting.
According to Andrew Ang, professor of business, finance and economics at Columbia University, endowments around the country need to do a better job at figuring out how to allocate money among liquid and illiquid assets.
A Houston pension plan has sued Highland Capital Management, the debt manager with about $22 billion in assets under management, and JPMorgan Chase & Co. over claims that willful looting led to the shutdown of the Highland Crusader Fund.
A North Carolina-based manufacturing company has used pension plan assets to purchase a “portfolio protected buy-in" policy, transferring investment and longevity risk to a Prudential Financial Inc. unit.
Two studies from the Commonfund Institute have revealed that foundations and operating charities have reported an average investment return of 12% in fiscal year 2010 — marking the second consecutive year of double-digit growth, yet a hefty drop from the average investment return from 2009.
According to Fitch’s latest European senior fixed-income investor survey, Europe's sovereign debt crisis remains a major worry with 64% of respondents, up from 56%, expecting developed market sovereigns to face their biggest refinancing challenge.
Aiming to increase efficiency while lowering waste and redundancy, the nation's largest public pension fund has captured $963 million in cost savings in 2010, with an additional $287 million of savings targeted in 2011.