QE, Poor Returns, and Social Unrest
Thought Quantitative Easing was just harming government bond yields? Think again.
News
Endowment Investors Might Learn a Lot From Keynes
Keynes made a major contribution to the development of professional asset management, and today's investors should take heed, a newly published paper asserts.
Caisse Sells Back $1.5 Billion Stake in Media Firm
After acquiring nearly half of Quebecor in 2000, the Caisse is selling back half its shares despite solid returns.
Wanted: Bond Manager (New Skills Required)
Higher conviction and more defaults, the “new normal” for fixed-income investors.
Florida Pension Suffers $19.2B Funding Hole; Maintains 7.75% Assumptions
Despite the Florida Retirement System facing a massive underfunding shortfall, the scheme will retain its 7.75% investment return assumption.
Report Pins Swiss Pension’s Shortfall on Manager ‘Misconduct’
BVK, Switzerland’s largest pension fund, suffered losses due to unsound investment practices, a parliamentary investigation has found.
Large Investors Build Up Real Estate
Property is illiquid, but long-term investors are increasingly prepared to wait as stable rent agreements could provide much needed income.
GPIF vs. Canadian, US Models. Who Wins?
One academic paper aims to analyze how Japan's pension--the world's largest--compares with other schemes worldwide.
Hedge Funds Lagging S&P 500 by Nearly 11%
A Bank of America Merrill Lynch estimate puts hedge funds’ year-to-date returns at 3.04%.
SSgA Survey: Institutional Investors Expecting the Worst
In total, 71% of respondents believe a significant tail risk event is “highly likely” or “likely” to occur over the next year.
Discount Rates and Longevity Offset Pension Cash Injections (Again)
Corporate pension funds have been pouring additional contributions into a big, black hole, consultants have revealed.
ADIA Appoints Private Equities Head
The Middle East’s largest institutional investor is building out its private equities capability.
Pensions to Collect on BoA's $2.43 Billion Settlement
Eleven public pension funds, including CalPERS and Texas Teachers', were active participants in the lawsuit Bank of America has settled for $2.43 billion.
US Public Pensions Stock Up on Treasury Bonds
Allocations to federal government securities have hit an eight-year high, according to the latest US Census Bureau data.
Fixing the Economy Could Break Pensions
Getting developed markets back on an even keel is the ambition for all financial regulators – but pension funds should realise they’re not part of the deal.