Illinois Pension Plan Blames Low State Contributions for Serious Underfunding
The Teachers’ Retirement System of the State of Illinois recorded a drop in funded ratio to 40.6% and an increase in unfunded liability to $55 billion this year.
News Archive: Oct - 2013
Is Now the Time for Sub-Investment Grade Credit?
Several managers have extolled the virtues of B and BB-rated bonds, after the tapering tantrum in May resulted in significant under valuations.
Transition Management Must Change, Says Regulator
Some improvements have been made by transition managers, but they must try harder, the UK’s FCA has said.
Unlisted Infrastructure Funds Hit Record Capital High
A 33% increase in dry powder since 2010 sees available capital hit $93 billion, but overall transactions numbers are down for 2013.
MAPs: the Good, the Bad, and the Trendy
Opera Solutions has found an increasing trend of institutional investors adopting managed account platforms, with projections of the market growing to $100 billion in the next 18 months.
Asia-Pacific Investors Dump Hedge Funds in Favour of Conservative Strategies
Research from BNP Paribas Securities Services found Australian, Japanese, and Hong Kong investors favour risk budgeting when modifying their investment strategy.
US Fiscal Showdown Dents Investors’ Confidence
North American investors’ confidence levels moved into negative territory following the US government’s shutdown, according to State Street.
Texas Teachers’ Britt Harris to Receive aiCIO Lifetime Achievement Award
With stints at Verizon Investment Management, Bridgewater Associates, and the Teacher Retirement System of Texas, Harris’ has spent upwards of 25 years in institutional asset management.
Blood & Gore: Invest for Climate Change, or Pay the Price Later
Investing in green assets isn’t just a nice thing to do: it could also save your company millions, campaigners have claimed.
Is Hedging Longevity Risk About to Get Easier?
Barriers to the popular uptake of longevity hedging may be about to fall, according to analysis by Allianz Global Investors.
Identifying Behavioral Woes of Institutional Investors
Nordic strategists and managers say institutional investors’ tendencies to herd, chase past performances, and second-guess decisions have contributed to underperformance.
What's Behind the Pension Lifeboat's Double-Digit Performance?
The UK’s Pension Protection Fund has credited its 109.6% funding ratio to a total return of 11.1% on invested assets.
LDI Preferred to Pension Risk Transfers for De-Risking
Research by EDM Group has found investors will choose liability-driven investment strategies over other de-risking approaches.
The Extreme Risks Threatening Investment Portfolios
Forget the banking crisis, the most pressing extreme risks threatening investments are much more terrifying.
Politicians and Policy Mistakes Obscure Economic Growth
Russell Investments found global economies are expected to grow steadily in 2014 unless “short-sighted politicians” stir up trouble.