Pew Pension Report Flawed?
Critics have assailed the Pew Center on the States’ report that the total US public pension funding deficit had reached $1.38 trillion for its perceived shortcomings.
News
With Emerging Markets, Growth Is Not the Whole Story
Investors should allocate to emerging markets by focusing on macroeconomic variables as the principal driver in the long-run, according to Credit Suisse.
Oaktree's Marks: Efficient Market Hypothesis Is Erroneous
Superior investing means making mistakes and taking advantage of inefficiencies, according to Howard Marks, the chairman of Oaktree Capital.
Business Leaders Demand Growth as Downgrades Hit Banks
Institutional investors should be called upon to support growth in the UK economy, experts say, as Moody’s downgrades banks that should be providing financial backing.
Private Equity Gains Steam Among North American Endowments, Research Shows
Average private equity allocations have risen from 8.4% of assets under management in 2007 to 13.2% in 2012 among North American endowments.
Ontario Teachers’ Takes $400 Million Stake in Korean Insurer
Ontario Teachers’ Pension Plan has acquired 10% of Kyobo Life Insurance Co., the third-largest insurer in South Korea.
Insurer Hires Pension Expert to Run Investments
A household insurer in the United Kingdom has appointed a seasoned pensions professional to oversee its investment strategy after farming out its asset management function last year.
Mercer Sees Pensions Handing Off Risk in Growing Numbers
A global trend of transfers in pension risk have accelerated as plan sponsors offload risk to third parties, says Mercer, which is positioning itself to profit from the demand.
Illinois Pensions Add Actuary to Boost Transparency, Public Image
Illinois Governor Pat Quinn has signed a law to increase the transparency of the state's pension systems.
Japan Asset Managers Arrested in Pension Scandal
Authorities have arrested four men at Japanese asset manager AIJ Investment Advisors Co. for fraud in the aftermath of a $1.4 billion pension scandal.
UK Pensions Lifeboat Loses CIO
The CIO of the Pension Protection Fund – the UK’s Pension Benefit Guaranty Corporation equivalent – is to leave in August to join a corporate plan.
UNPRI: Australia's Christian Super, CalPERS Exemplify Sustainable Investing
Australia's superannuation fund Christian Super and the California Public Employees’ Retirement System (CalPERS), the largest public pension in the United States, are archetypes of funds that have invested for the sustainable economy across asset classes while gaining a competitive advantage, according to a report released by UNPRI.
Markets Force Asset Allocation Changes—and Reexamination
Twin reports by consultancy bfinance suggest that while alternatives may prove to be the most durable asset class today, institutional investors must reevaluate the way they approach hedge fund strategies.
In Search of Diversification and Alpha, Investors Seek Alts, Russell Says
Institutional investors globally are eager to diversify and generate excess return, and alternative investments are consequently growing in popularity, a study by Russell Investments shows.
Pension Obligations Choking State Finances
The pension and benefit obligations of states outstripped plan assets by a startling $1.38 trillion in fiscal 2010, a study by the Pew Center on the States has found.