Pension Derivative Exemptions Under Threat, Dutch Fund Says
Planned pension exemptions relating to derivative clearinghouse regulation may be a casualty of European politics, a member of pension giant APG says.
News
Ontario Teachers Gets Top Up From Union Members, Government
In a deal that mirrors New Jersey’s, the Canadian province’s massive pension system will see its deficit erased via an increase in contributions from the government and members.
Signals from China: Euro Good, Dollar (Potentially) Bad
Recent statements by the heads of the China Investment Corporation and the Chinese Social Security system express faith in the Euro – and concern over the value of the U.S. dollar.
Emboldened Christie Sees Pension Reforms Passed
The New Jersey Assembly has overwhelmingly passed a bill that Governor Chris Christie has trumpeted as necessary to shore of state finances – but which teachers have lambasted as unnecessarily harsh.
New Jersey Union Files Lawsuit Over Pension Payments, Claims Workers' Constitutional Rights Were Violated
A New Jersey labor union has sued the state, asserting that Governor Chris Christie failed to make sufficient payments to the state's pension funds.
Sweden's Pension Group Weighs Scheme Consolidation
Sweden has initiated a review of the country's state pension funds, which collectively manage more than €100 billion ($141.8 billion).
States May Be Forced to Achieve Higher Level of Reporting of Their Unfunded Liabilities
Proposals being created by the Governmental Accounting Standards Board will force most US states and towns to increase the level of unfunded liabilities they report on their balance sheets.
SEC Mandates Tighter Hedge Fund Rules
The new requirements adopted by the Securities and Exchange Commission “will fill a key gap in the regulatory landscape,” the US regulator's Chairman Mary Schapiro said.
While Commodities Encounter Ethical Scrutiny, Others Assert Social Stigma Is Political, Press-Driven
As pension funds are beginning to question their investments in commodities and their impact on fueling food inflation, others in the industry say that viewpoint is limited in scope.
PIMCO's El-Erian Envisions Greek Default to Resolve Debt Problems
PIMCO's El-Erian predicts a Greek default, yet says a default will not prompt a new global financial crisis because the country is too small in terms of economic impact.
Facing Demographic Reality, Japanese Pension Plans Turn to Hedge Funds
Japanese corporate pension funds are moving capital from domestic equities into hedge funds to ensure that the funds are ready to support the country’s rapidly aging population.
Study: Investors Should Expect Growth of Clean Tech Private Equity
A study by Switzerland-based SAM shows that investors should target their investments to exploit growth in the clean tech private equity sector.
JP Morgan Settles SEC Charges of Misleading Investors Over Housing Market
JP Morgan has agreed to pay $153.6 million to settle US regulatory claims that it misled pension funds and other investors while selling a product linked to risky mortgages as the housing market crumbled.
Report: Growing Regulatory Requirements Strain Hedge Fund Infrastructures
A report by PricewaterhouseCooper has argued that new and future regulations are placing strains on hedge funds’ infrastructures and that hedge funds need to expand their back office staff in order to survive.
SEC Investigates ExxonMobil, Conoco, and Occidental Over Libyan Connections
Following concerns that financial firms may have violated bribery laws in dealings with Libya's sovereign wealth fund, the Securities and Exchange Commission has requested information from ExxonMobil, ConocoPhillips and Occidental Petroleum Corp. about their Libyan connections.