With an $8 billion pension bill putting a dire strain on New York City's finances, Mayor Mike Bloomberg has asserted that state legislatures should support the governor's pension proposal.
New research from Grantham, Mayo, Van Otterloo & Co. (GMO) explores the anomalies in investment strategies that generate returns greater than expected in light of their perceived risks, warning investors to be cautious of perceived inefficiencies in the market.
Canadian pension plans earned a median of 0.5% return for the year, according to a new survey by RBC Dexia.
Diamondback Capital Management has agreed to pay more than $9 million to settle allegations of insider-trading at the hedge fund.
"We expect emerging Asia growth below the market consensus due to its less aggressive policy responses compared to 2008-2009," PIMCO's Asia-Pacific portfolio managers have asserted.
Choice of cross-border investment vehicles can have a measurable impact on asset manager performance and investors’ returns over time, new research by Northern Trust shows.
"Some people say that Eastman Kodak's pension plan is in danger because the company filed for bankruptcy, but it's really too early to tell," says PBGC spokesman Marc Hopkins.
Despite growing interest in infrastructure as an asset class, no standard exists for benchmarking the performance of unlisted infrastructure investments.