First State Investments in Australia has warned that the short-term nature and focus of financial markets is inhibiting consideration of environmental, social and governance (ESG) issues in capital allocation and could be detrimentally impacting long-term company and investment performance.
The AFL-CIO has announced plans to work with pension fund managers to ensure that at least $10 billion in union pension money is made available to fund infrastructure projects within the next five years.
The director of the UK's Securities Fraud Office (SFO) has been contacted by the US over inquiries involving financial institutions and whether bribes were paid in transactions with sovereign wealth funds, Bloomberg has reported.
While an audit of the Kentucky Retirement Systems found no evidence of pay-to-play activity, "troubling aspects" regarding the use of financial middlemen that connect money managers with pensions, known as placement agents, were revealed.
New research by Citi Prime Finance shows institutional investors had approximately $1.1 trillion in hedge funds in Q1, while an increasing number of fund managers have shifted to direct hedge fund investing following the financial crisis.