Study: Asia Attracts More Private Equity
According to research by Preqin, Asia is attracting sufficiently more capital from the 10 largest private equity firms.
News Archive: May - 2011
In New Guide, CalPERS and Other Institutions Become More Vocal About Hedge Funds
Three years after the global financial crisis and amid a more stringent regulatory climate, institutional investors are outlining their hedge fund requirements in a new guide.
SSgA Study: Australian Institutional Investors to Up ETFs
A report by State Street Global Advisors (SSgA) shows that
exchange-traded funds (ETFs) will play a larger role among Australian
superannuation funds.
Citi Urges Dismissal of $1.3 Billion Lehman Suit
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.
Endowments Ignore Illiquidity Risk, Columbia Professor Says
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.
ADIA Pursues Goldman Sachs Hotel Portfolio
The Abu Dhabi Investment Authority (ADIA) is investing $475 million in Goldman Sachs' hotel portfolio.
Houston Pension Sues Highland, JP Morgan
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.
Mercer Acquisition Highlights Continued Industry Consolidation
Evaluation Associates marks Mercer’s second investment consulting acquisition in 2011, highlighting its drive to expand in the US.
Texas Pension Re-Ups Real Estate Play
LaSalle Investment Management won a $200 million mandate from the Texas Teachers' pension fund, matching an earlier investment allocated to real estate around the world.
New SEC Rules Offer Incentives to Whistleblowers
The US Securities and Exchange Commission has adopted new rules to expand its authority to reward whistleblowers with the use of financial incentives.
Prudential Completes First US Pension Buy-In Transaction
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.
Foundations Report a Drop in Investment Returns in 2010
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.
Biggest Concern for Bond Investors: Sovereign Debt Problems
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.
Swedish and US Pensions Partner in Agricultural Real Estate Deal
Swedish pension fund AP2 has decided to establish a joint venture with US pension fund/asset manager TIAA-CREF, with a goal of investing in agricultural real estate in the USA, Australia and Brazil.
CalPERS Efficiency Drive Captures Nearly $1 Billion in Savings
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.