Florida SBA Takes Lexington Stake for $41 Million
The deal marks SBA board's first ownership stake in a private
equity manager or any investment management company.
News Archive: Jul - 2010
Goldman, Citigroup and 13 Other US Banks Sued by Mortgage Investor
Cambridge Place Investment Management has sued 15 US banks after losing $1.2 billion on subprime mortgage-backed securities.
US Pension Deficits Near Record High
A new study by consulting firm Mercer shows US pension deficits have reached a record high, revealing a downturn in pension health that erases gains achieved since January 2009.
MassPRIM’s CIO Says Pay-to-Play Regulation Is Not a Focus for Discussion
While MassPRIM told ai5000 that they are not currently taking action following the unanimous vote late last month by the SEC to curtail so-called “pay-to-play” schemes, a variety of public pension funds are working to adopt policies limiting the use of placement agents.
Despite BP's Hopes for SWF Backing, Abu Dhabi Is Hesitant
BP Chief Executive Tony Hayward’s tour of the Gulf last week increased speculation that the company is looking for investment from sovereign wealth funds (SWFs) and other state entities in the region, yet Abu Dhabi is reluctant to invest in the company, a report said.
Survey: Pensions Dive Into Alternatives
Allocations to alternative assets -- specifically to commodities and
infrastructure -- have continued to rise and now account for 17% of all
pension fund assets globally, up from 6% ten years ago, Towers Watson
research reveals.
Goldman Seeks Merged Shareholder Lawsuits
Goldman executives and directors, including Chief Executive Lloyd
Blankfein, are defendants in the many shareholder lawsuits filed against
the bank.
Survey: Managers Fear Curbed Growth as Euro Debt Concerns Continue
A study by Northern
Trust Global Advisors (NTGA) shows institutional investment
managers have moderated their expectations for
global growth.
CalSTRS to Rely More on in-House Assets
As part of the fund's 10-year plan for its
investments, CalSTRS is considering reducing its number of external
money managers.
Puerto Rico's Pension Funding Ratio Falls Below 10%
Hector Mayol, the system’s Administrator, notes that required benefit payments are eating into investable capital, but that the Commonwealth’s Governor is now setting his sights on the pension problem.
Study Finds Canada the Innocent Bystander Amid Turbulent Markets
A report analyzing the market's reactions to investments by
sovereign wealth funds, with approximately $3 trillion in assets in 2008
and a projected $15 trillion by 2015, finds that wealth fund injections
in the US have unintended consequences.
Canada's Pension Plan to Buy Laricina Stake for $237 Million
CPPIB has extended into Canada's oil and gas sector by agreeing to make its first direct investment in oilsands though a deal with Laricina.
Temasek's Assets to Reach Its Previous High on Asia Success
The Singapore wealth fund is set to post a record jump after its
assets plunged $40 billion a year ago during the midst of the financial
crisis.
BP Hopes for SWF Backing
The oil giant is approaching sovereign wealth funds in the Middle East and Asia to defend itself against takeover bids.
Study Shows US Pension Funding Ratios Tumble in Q2
LGIMA's pension
tracker reflects the health of typical US defined benefit pension plans.