Consultant Study: Risk-Transfer Deals Spike in Q1
Analysis by Hymans Robertson has found that scheme risk transfer deals were up 400% at the end of Q1 in the UK.
News
Madoff Trustee Sues ADIA for $300 Million
The trustee charged with recovering funds for victims of Bernard Madoff's Ponzi scheme has sued the Abu Dhabi Investment Authority (ADIA), alleging it received $300 million from a major Madoff feeder fund.
Opposite Views on US Real Estate by Danish Scheme and CalPERS
Denmark's largest pension fund, ATP, and the largest pension fund in the US have made opposite moves in regards to US real estate.
ETF Guru Deborah Fuhr to Join BofA After Quitting BlackRock
After leaving BlackRock last month as its head of exchange traded fund research, Deborah Fuhr is reportedly joining Bank of America Merrill Lynch (BAML).
Florida Pension Sues BNY Mellon for Overcharging State
BNY Mellon has been accused by Florida of allegedly failing to give the state the best prices when making foreign currency trades for their state pension funds.
Despite Market Turbulence, Buffett Remains Bullish
The Oracle of Omaha and chief investment officer of Berkshire Hathaway is optimistic about economic recovery despite recent market volatility.
Survey: Schemes Are Overcharged for Services
An actuarial fee survey has found that schemes in the UK are being overcharged for core services.
Report Calls for New Classification of Debtor vs Creditor Economies
In its latest research report, Partners Group, a global private markets asset manager with US offices in New York and San Francisco, says says a more differentiated and adapted investment approach is required, calling for a new classification into debtor economies, dependent on external financing, and creditor countries, with healthy balance sheets comprising economies in the Asia/Pacific, Latin America and core Europe regions.
SEC Sues Brokerage Firm for Allegedly Defrauding Wisconsin School Districts
Federal regulators are accusing brokerage firm Stifel Nicolaus & Co. of civil fraud in its sales of risky complex investments to five Wisconsin school districts, which lost all of the $200 million they invested.
Connecticut Court Rules Town Cannot Seek Money Madoff Lost
Connecticut's second-highest court ruled 3-0 that the town of Fairfiled was indirectly affected by actions of two partners in an investment firm accused of conspiring with the disgraced Bernie Madoff.
GMO's Grantham: Farmland Will Outperform Long-Term
Jeremy Grantham of Boston-based Grantham, Mayo, Van Otterloo & Co. (GMO) has asserted that farmland and forestry will outperform the average of all global assets long-term.
Towers Watson: Turbulent Path to Global Economic Recovery
Consultancy Towers Watson predicts volatile, difficult-to-predict market moves for a number of years.
Market Volatility Creates Short-Term Declines, Long-Term Opportunity for Public Pensions
While the nation's largest public pension funds have been slowly climbing their way back to pre-crisis levels, the recent market slump has erased billions of dollars in gains.
As Energy Needs Spike, China's CIC Partners With GDF Suez
The China Investment Corp is investing as much as $4 billion to take a stake in French energy company GDF Suez SA.
Dr. Doom's Advice to ECB: 'Slash Interest Rates to Zero'
"[The ECB] should reduce rates to zero, and make big purchases of government bonds," New York professor and economist Nouriel Roubini is advising.