As Stockton, California, seeks bankruptcy protection under Chapter 9, CalPERS and a bond insurer have both laid claim to its residual assets.
News Archive: Aug - 2012
Profit among asset management firms globally is at risk as choppy markets take a bite into profit, according to an industry analysis surveying 96 money managers worldwide.
Buyout volumes cooled off in the opening quarter of 2012, while insurers got creative with terms and de-risking strategies, according to pension de-risking consultancy JLT Pension Capital Strategies.
Natural resources are helping developing nations to gain financial firepower.
New Mexico’s State Investment Council pursues a fresh start in the wake of alleged pay-to-play schemes.
Illinois lawmakers are meeting August 17 for a special session to resolve the state pension system’s $83 billion liability shortfall.
Investors must continue to evolve when it comes to risk-taking says Mike Sebastian, a partner with Hewitt EnnisKnupp.
The Eurozone is still teetering on the brink and all eyes look to the US for a decision on QE3 – no wonder investors are nervous.