UK's Coal Funds Create Investment Subsidiary to Improve Governance, Returns
Coal Pensions in the UK has founded a standalone investment subsidiary so that its trustees have an in-house source of market expertise.
News Archive: Aug - 2011
For the First Time, Japan's GPIF Pursues Emerging Markets
The Government Pension Investment Fund (GPIF), the world's largest, is pursuing emerging markets in a move to diversify into potentially risker assets.
Survey: Fees Won't Dissuade Investors From Infrastructure
The 2/20 fee structure is still the norm despite pressure for lower fees from investors in infrastructure, Preqin shows.
Deloitte: Amid Downtrodden Economy, Commercial Real Estate Triumphs
New research from Deloitte shows that while commercial real-estate deal flow and liquidity are going strong, the longer-term impacts of legislative, regulatory, and accounting reform remains uncertain.
TCW CEO Says Firing Gundlach Amounted to 'Cutting off Your Right Arm'
Trust Company of the West (TCW) CEO Marc Stern told a California Superior Court jury that he had no choice but to fire his chief investment officer, Jeffrey Gundlach, in December 2009.
Auditor Report Labels CalSTRS a 'High-Risk' State Liability, Depleted in 30 Years
The California State Teachers' Retirement System (CalSTRS), facing massive funding shortfalls, has been labeled a "high risk" problem for California by the state auditor.
Survey: Fund Managers Aim to Increase Headcount Despite Dire Economic Forecast
While the economic outlook is seen as dismal among US money management executives, 61% of respondents surveyed by KPMG are looking to add to their firms' headcount over the next year.
CalPERS Approves $200 Million for Emerging Real Estate Managers
The California Public Employees' Retirement System (CalPERS) has approved a new program for emerging real estate managers who have less than $1 billion of assets under management.
Despite Pension Overhaul, New Jersey Suffers Another Credit Rating Blow
Even with New Jersey Gov. Chris Christie’s proposed public pension reforms, Fitch Ratings has downgraded the State of New Jersey's outstanding general obligation (GO) bonds to 'AA-' from 'AA'.
SEC Accused of Hiding Wall Street Wrongdoings
Senator Chuck Grassley (R., Iowa) has asked the Securities and Exchange Commission to account for serious allegations that case-related document destruction may have compromised enforcement in cases involving activity at large banks and hedge funds during the financial crisis.
UTIMCO Heightens Hedging on Euro-Debt, Inflation Fears
The University of Texas Investment Management Co. is expanding derivative use to hedge against a euro-region debt default or a collapse in the dollar, while simultaneously upping limits on commodities including gold, Bloomberg has reported.
Volatile Markets Provide Opportunity for Defensive Investing, Russell Says
Russell Investments has achieved outperformance in its defensive strategy reflected by Russell 3000 -- a benchmark measuring most of the US market.
Fund Manager Survey: Global Economy May Wane but Recession Will Be Avoided
According to a BofA Merrill Lynch Survey of Fund Managers, cash holdings are close to credit crisis highs in the wake of an equities sell-off.
Report: Global ETF Assets to Hit $4.7 Trillion by 2015
According to a report by consultant McKinsey & Co, global ETF assets under management are expected to grow to as much as $4.7 trillion by the end of 2015.
Oregon Scheme Selects Russell for US Index Mandate
The Oregon Investment Council is the second US public plan to select Russell's new index.