A trend has emerged as pension funds shift away from equities and invest in riskier assets by diversifying into alternatives, with infrastructure leading the way.
A new FTfm survey finds that passive and fixed-income investment managers are on the rise in the institutional investment space, with Legal & General Investment Management and Barclays Global Investors, now subsumed by BlackRock, taking the lead.
BP's Chairman Carl-Henric Svanberg and Group Chief Executive Tony Hayward issued a statement saying they will meet obligations to institutional investors, including pension schemes, but are unable to guarantee dividend payments.
The May meltdown, which hurt both US and international stocks, reduced the value of the typical pension plan's assets by 4.8%.
The Government Accounting Standards Board will be releasing a preliminary views document later this month that may shock public pension systems and the taxpayers who fund them.
Limited partners and general partners are still seeking a perfect alignment of interests.
The West Sacramento-based fund would increase its core investments while decreasing tactical investment in real estate.
Mounting problems for Goldman: CalPERS claims that when Goldman applied with the fund to become a real estate investment consultant, it misled the fund about it's legal status, specifically stating that it was not "the target of a formal investigation."
Dutch money manager Robeco Group aims to double assets from Japanese pension funds within two years, shifting investments away from traditional asset classes such as bonds and equities.
Charles Millard, who had been suspected of improper dealings with financial firms doing business with the PBGC, has been exonerated of all charges.
While the Arizona system has added three new allocations, the Alaskan SWF will commit $600 million to private equity.
The US's second-largest public pension fund is eying commodity investments as a hedge against the risk of inflation.
An adviser to China’s enormous state pension fund is planning to return to the hedge fund world by forming JT Capital Management, a China-focused fund.
A preliminary study in Canada shows that while research has shown that funds with published investment beliefs achieve better risk adjusted results, a majority of funds are secretive about their investments.
Dutch fund of funds Alpinvest is close to taking over Royal Bank of Scotland’s European private equity fund portfolio.