Custodians Fight Back Against Securities Lending ‘Disintermediation’
With recent mandates seemingly on the rise for third-party
securities lenders, custodians – the traditional bastion of the business – are
fighting back.
News Archive: May - 2011
Burdened by Pension Debt, Puerto Rico Warned Over Bond Rating
With echoes of other cities and states throughout America,
Puerto Rico has been warned that its massive pension debt could lead to a
credit downgrade.
PwC Survey: Volcker Rule Creates Uncertainty Around Alternatives Divestment
A recent study by PricewaterhouseCoopers shows that a lack of clarification over the Volcker Rule is stalling divestment of alternatives.
PIMCO's Gross Urges Investors to 'Revolt' Against US Government, Buy EM Debt
The manager of the world’s largest bond fund, who sold out of all his holdings in US Treasury bonds in March of this year, is pushing investors to move away from Treasuries and seek global investments for better yield opportunities.
Report Echoes aiCIO Survey, Urging Investors to Go Global
Reflecting a general movement by investors to diversify away from portfolios dominated by the “home bias” of domestic stocks, as noted in a survey by aiCIO, a new paper by Hermes Global Equities Advisers shows that investors must become increasingly global to capture superior returns.
Industry Observers: Compensation Imbalance Between Pension CIOs and Asset Managers Is 'Absurd'
Industry experts say the discrepancy between the compensation of pension CIOs and asset managers is unjustified and 'absurd.'
Driven by Dissatisfaction, Aon Replaces Mercer at UK Pension Fund
London Borough of Croydon Pension Fund has hired Aon Hewitt as investment consultant.
European Pensions Fret About Inflation Impact
Research by Mercer shows that pension funds are increasingly worried about the potential impact of inflation shocks on their portfolios.
Mercer: Infrastructure on the Rise, Yet Lacking in US
According to consultant firm Mercer, infrastructure investment is on the rise in the UK and Australia, yet it is slower to pickup in the US.
Iowa Public Pension Recovers $215 Million in Fraud Case
As part of the recovery of funds that were frozen in an investment fraud case in New York, more than $215 million in Iowa public employee retirement funds have been transferred to the state.
Report: Chile Ranks as Top Latin American Destination Among Pension Managers
A report by asset management consulting firm Cerulli Associates shows that assets in Latin American pension and mutual funds will reach $1.4 trillion over the next five years, with Chile becoming the most attractive market.
Fed Ups Inflation Forecast; Signals End of Bond-Buying
The Federal Reserve has announced that it now expects headline inflation to reach 2.1-2.8% during 2011 before returning to the official target of under but close to 2% in the following year.
In Latest Public Pension Exodus, Chief Investment Officer of CT Scheme Quits
Timothy Corbett, who has been the chief investment officer of Connecticut's $25 billion pension fund since July 2009, has resigned and will head into the private sector.