The California State Teachers' Retirement System (CalSTRS), facing massive funding shortfalls, has been labeled a "high risk" problem for California by the state auditor.
While the economic outlook is seen as dismal among US money management executives, 61% of respondents surveyed by KPMG are looking to add to their firms' headcount over the next year.
The California Public Employees' Retirement System (CalPERS) has approved a new program for emerging real estate managers who have less than $1 billion of assets under management.
Even with New Jersey Gov. Chris Christie’s proposed public pension reforms, Fitch Ratings has downgraded the State of New Jersey's outstanding general obligation (GO) bonds to 'AA-' from 'AA'.
Senator Chuck Grassley (R., Iowa) has asked the Securities and Exchange Commission to account for serious allegations that case-related document destruction may have compromised enforcement in cases involving activity at large banks and hedge funds during the financial crisis.
The University of Texas Investment Management Co. is expanding derivative use to hedge against a euro-region debt default or a collapse in the dollar, while simultaneously upping limits on commodities including gold, Bloomberg has reported.
According to a report by consultant McKinsey & Co, global ETF assets under management are expected to grow to as much as $4.7 trillion by the end of 2015.
Jeffrey Gundlach has told a jury that he had no use for data from TCW Group Inc., his former employer, to start a rival firm because there was nothing special about it.
The California Public Employees’ Retirement System has kept its AAA credit rating for the pension fund’s credit enhancement program from Fitch Ratings, while the California State Teachers' Retirement System (CalSTRS) has achieved AA+.
A KPMG survey has found that while a growing choice of liability-driven investing solutions are now available, an oligopoly is developing in the UK's LDI market with just three providers managing over 80% of assets.
