Pensions to Collect on BoA's $2.43 Billion Settlement
Eleven public pension funds, including CalPERS and Texas Teachers', were active participants in the lawsuit Bank of America has settled for $2.43 billion.
News Archive: Sep - 2012
US Public Pensions Stock Up on Treasury Bonds
Allocations to federal government securities have hit an eight-year high, according to the latest US Census Bureau data.
Fixing the Economy Could Break Pensions
Getting developed markets back on an even keel is the ambition for all financial regulators – but pension funds should realise they’re not part of the deal.
NISA Puts Stake in the Ground With Volatility Index
Corporate plan fiduciaries and industry analysts may be comforted that future volatility in pension plans may be forecasted based on available data, which NISA has harnessed with its newly released index.
Goldman Fined $12 Million for ‘Secret’ Payments to Former Mass. Treasurer
A Goldman VP allegedly helped manage and fund the treasurer's run for governor, as the investment bank raked in more than $7.5 million in fees from the Treasury for securities services.
Irish National Pension Swindled by State Street, Audit Confirms
The Irish national pension fund has been revealed as the latest victim in State Street's transition management overcharging scandal.
Harvard Endowment Loses Value but Beats Benchmark
The $30.7 billion fund took a beating on emerging market equities, but solidly outperformed its real assets benchmark.
Beware the Risk of Peer Pressure and Passive Investing
Is the fear of something new combined with a fear of risk hurting returns when investors need them most?
The Best Debt: Corporate DB Plans
New research finds that compared to regular corporate debt, pension obligations are less expensive to carry and boost real investment.
Survey: Half of Institutional Investors Sleepless Over EU Contagion
Respondents globally think volatility is here to stay, and have changed their approaches to risk accordingly.
State Street’s Smit Moves to Data & Analytics Unit
Steve Smit, who has been serving in the firm’s European offices, will return to the US for a role in the new unit.
PanAgora Fleshes out Risk Parity Suite
Asset managers are moving to fulfill investors' appetites for risk-balanced products.
Top-Performing Pensions, Endowments and Foundations: A Ranked List
Which North American funds had the best returns over the past five years? We know.
The FOMO Element of Discretionary Consulting
As more and more investment consultants crowd into the discretionary consulting space, perhaps spurred by a fear of missing out (FOMO) mentality, some within the industry say the potential cost of not following the herd could be a problem.
PPF Ups Levy as Contingent Asset Use Falls
The PPF has upped the levy for corporate DB funds next year, but relief comes as it is capped at this year's level.