State Street Investigated Again in FX Probe
Massachusetts Secretary of the Commonwealth William F. Galvin is looking into the third-largest custody bank over its handling of foreign-exchange transactions.
News
Former SBCERA CIO Barrett: 'Outsource Everything, or Nothing at All'
Eastman Kodak's Timothy Barrett, the former executive director and chief investment officer at the San Bernardino County Employees' Retirement Association, speaks with aiCIO about the conflicts that public pension funds face when they decide to outsource investment expertise.
SEC, CFTC Reveal Swap Definitions
The SEC and CFTC have laid out long-awaited swaps definitions covered under the Dodd-Frank law.
CalPERS Supports Emerging Managers
The $236 billion California public pension said it has allocated $400 million toward three emerging managers in the pension fund's Manager Development Program II for public investment.
Peru Pensions to Permit More Investment Abroad
Peru's Congress will let the country's privately-run funds, which manage around $30 billion in pensions, to invest more overseas.
SEC Ends PAAMCo Probe Without Charges
Pacific Alternative Asset Management Co. will not face a Securities and Exchange Commission enforcement action over its relationship with Paloma Partners' Donald Sussman.
BlackRock's Fuhr: ETF Embrace Among Institutional Investors Leads Regulators to Enhance Scrutiny
Regulators have placed more scrutiny on exchange-traded funds as institutional investors have embraced the product, Deborah Fuhr, ETF guru and global head of ETF research at BlackRock, told aiCIO.
Australia's Sunsuper Seeks Small Hedge Fund Managers
Bruce Tomlison, Sunsuper's portfolio manager, has expressed his support of smaller hedge fund managers in favor of larger ones; consultants have an all-embracing approach, saying "it would be foolish to completely shun the large guys."
CalPERS Lambasts Investment Banks' Plan for Lehman
The largest US public pension has said Goldman Sachs Group Inc.'s payment plan for Lehman Brothers Holdings Inc. treats pensions and retirees who own Lehman bonds "unfairly."
States Faced Higher Than Expected Shortfall in 2008
A report released today by the Pew Center on the States provides another glimpse into how badly US state pensions were battered by the recession.
Northern Trust: In Contrast to Popular Belief, Active Managers, Equity Overweighting Spur Strong Returns
Superior active manager performance and gains in equities have propelled returns of US pension plans as well as endowments and foundations in the Northern Trust universe.
Grantham: 'It's Time to Wake Up' to a Paradigm Shift in Commodities
Jeremy Grantham, chief investment strategist of fund manager GMO Capital Management, says that since growth of natural resources is severely limited as population and demand soar, the age of cheap commodities prices is over.
Japanese Pensions Boost Hedge Funds, Relatively Unaffected by Crisis
A study by JPMorgan Chase & Co. has shown that Japanese pensions are flocking to alternatives such as hedge funds, while keeping their investment plans intact despite crisis in the region.
With Pension Bonus Announcements, Smaller Funds Join Public in Outcry
News that investment managers at the Texas Teacher Retirement
System received more than double what every other state agency's top
employees have received combined since 2007 has raised concerns that
top-performing executives may flee smaller funds with less robust
compensation structures.
CalPERS Demands More Info on Pension-Bashing
In response to statements by a CalPERS board member that Wall Street firms seeking to invest with public pensions should disclose if they’ve supported groups critical of government funds, industry insiders have expressed concerns over first amendment rights.