BT Pension’s Levy Exemption ‘Illegal’, Says Top European Court
The UK government’s financial backing of BT’s pension fund has been called into question following a European court ruling.
News
Danish Regulator Ups Alts Reporting Requirements
Pension funds will have to disclose hedge fund, private equity, and infrastructure exposure on a quarterly basis as Denmark grapples with “prudent person” guidelines.
L&G Seals Buy-In for International Pension Fund
Rothesay Life and Legal & General have both announced de-risking deals for two UK pension funds.
Newsmakers
The Power Lunch
What happens when you put the most powerful investors around a table? We took the 300 Club to lunch to find out.
A Separate Account by Any Other Name
Ermitage Highbury? PAAMCO 1848? OZ Eureka? What actually goes behind choosing these bespoke names for separate accounts?
Swedish State Pension Fund to Cut Fossil Fuel Companies
AP2 has outlined plans to sell out of 20 companies following analysis of the financial risk posed by climate change.
UPS’ Public Markets Chief Leaves for Endowment
Ed Hetherington has accepted a similar role at the University of North Carolina Management Company.
Investment Deputy to Join NJ Pension
The $80 billion fund has a new second-in-command arriving with a private-sector background.
Giant Japan Pension Warned on Broadcasting Investment Plans
A leading pensions adviser has told Japan’s Government Pension Investment Fund to keep schtum on plans to buy equities.
Graphic: Central Bank Fears Decades of Negative Real Rates
The Bank of England’s chief economist has painted a dark picture of the UK economy for decades.
The High School Breakup
Bill Gross and PIMCO's breakup has been one of the ugliest in the industry. What are the ramifications?
Letters to the Editor: October Issue
Applause from asset owners on CIO's fifth birthday, and... not-applause on coverage of pay-to-play accusations from the AFL-CIO's president.
The World’s Least Powerful Asset Owner
So who is the world’s least powerful asset owner? You have the blueprint. Give me a name.
Giant Asian Pension to Cut Alts, Refocus on Home Stocks
In
an apparent about-turn, the world’s fourth largest pension is bringing
investments home.
L&G Pushes into Outsourcing with LDI-to-Buyout Suite
From liability matching through to a 0% transaction cost buyout—Legal & General has fired the starting pistol on outsourced de-risking.