Ted Chu has left Detroit-based US car giant General Motors to join the Abu Dhabi Investment Authority as its chief economist.
News Archive: Sep - 2010
Bruce Malott, the chairman of New Mexico's educational pension fund, resigned after a disclosure that he borrowed $350,000 from the father of a man who shared in as much as $22 million in finder’s fees from state investments.
Japan's private pensions, which oversee more than JPY60 trillion, are in search of a reliable stream of returns to meet the retirement needs of the world’s fastest-aging population.
Despite the financial crisis, the global retirement market is expected to grow over the next decade, with total pension assets increasing from €22 trillion to €36 trillion.
In response to pay scandals in the Los Angeles city of Bell, California lawmakers advanced legislation early this week to curb "pension spiking" in the state´s two largest pension systems.
Alliance Boots has outsourced part of its pension plan by offloading about £300 million of retirement fund liabilities to Pension Corporation.
The company's growth in assets under management for its US clients reflects its effort to expand into human resources consulting worldwide.