ADIA Hires Former GM Economist to Improve Investment Decisions
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
Chief of New Mexico Pension Resigns
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.
Aging Population Pushes Japan Oversees for Infrastructure
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.
Study: Global Retirement Market to Grow 66% by 2020
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.
Pay Scandals Encourage CA Bill to Tackle Inflated Pensions
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.
Pension Insurance Corp. Serves as Lifeboat for Alliance Boots
Alliance Boots has outsourced part of its pension plan by offloading
about £300 million of retirement fund liabilities to Pension
Corporation.
Aon's Investment Consulting Group Surpasses $1 Billion
The company's growth in assets under management for its US clients
reflects its effort to expand into human resources consulting worldwide.