CIC Says 'Goodbye Stocks'
In an effort to shield itself from short-term market movements, the China Investment Corporation is increasingly shifting away from stocks, according to the sovereign wealth fund's recently released 2011 annual report.
News Archive: Jul - 2012
Actuaries: 80% Does Not Equal Well Funded
By itself, a funding ratio of 80% does not mean a pension plan is adequately funded, the American Academy of Actuaries has asserted.
When Do Bonds and Equities Demand the Same Risk Premium? Right About Now, Actually.
Bonds are always the safe option, right? Wrong – at least according to a paper on the behaviour of assets in times of economic “disaster”.
PIMCO Chief: Low Interest Rates Present Little Economic Upside
The “great global interest rate convergence” is hurting institutional investors without lifting the global economy, PIMCO’s CEO has argued.
Emerging Central Banks Provide Counterweight During Risk-On and Risk-Off Markets
A new paper published by the Bank for International Settlements sheds light on the role that central banks in emerging markets play during risk-on and risk-off environments.
Giant Canadian Pension Manager Commits to Property
The Canada Pension Plan Investment Board (CPPIB), totaling $162 billion as of April, has committed $355 million to seven multifamily properties in the United States.
UK Businesses Urge Relaxation on Pension Rules
As the UK slips back into recession, business leaders cry for some leeway on pensions to help heave the economy back into the black.
Stop Fiddling With Your Hedge Fund Strategy Allocation
Investors who actively adjust their allocation strategy within a hedge fund portfolio to earn returns are making a foolish mistake, an article published by the CFA Institute has argued.
CalPERS Pushes Back Against Media Firestorm
CalPERS has offered a vigorous response to media critics that have faulted the fund for only returning 1% in the 2011 fiscal year.
Eurozone Slips Closer to the Abyss
There are more problems in the Eurozone as investors look for safe havens without the expensive price tag.
Solution in Sight for Investors to Thwart Alleged Wal-Mart Bribery?
Institutional investors must be more aware of the implications of the Foreign Corrupt Practices Act in order to prevent scandals similar to Wal-Mart's alleged bribery failures, industry sources note.
Insurance CIOs Entering Riskier Assets for Returns
The difficult market environment is pushing even traditionally conservative investors into riskier assets.
China National Pension Onboards 12 Asset Managers
China's National Council for Social Security Fund has approved contracts with 12 global asset managers, including JPMorgan Chase & Co. and Schroders.
Kay Review: Busting the Alpha Myth
Equity markets are rife with short-termism, but there are other problems too – relative performance is killing alpha creation, leading economist John Kay claims in a far-reaching review.
Swiss Corporate Pension Funding Squeezed
In fiscal year 2011, funding ratios of Swiss corporate pension funds fell back to their 2008 lows, underscoring the universally difficult climate for pension funds.