Norway’s SWF Bullish on Europe
Norway’s $570 billion sovereign wealth fund Norges Bank Investment Management is “very positive” about the long-term outlook for Europe despite fear over the growing debt crisis.
News
Alaska’s CIO Scott Leaves to Join Wurts
The $40 billion Alaska Permanent Fund CIO Jeffrey Scott announced June 13 that he will leave the sovereign wealth fund and re-enter the private sector.
Alaska!
On the day that CIO Jeff Scott has announced his resignation from the Alaska Permanent Fund, aiCIO magazine offers a sneak peak at how the oil-rich state is leading the way toward a new method of asset allocation – and how it has brought in some of the world’s most powerful money managers to do its bidding. Joe Flood reports.
Mexico's Pension System Ups Opportunities for Asset Managers
Mexico's pension regulator is allowing Afores to employ external managers to oversee a portion of their assets in order to gain added value in the international market, the Financial Times reports.
Questions Circulate Over Destruction of Evidence at CalPERS
CalPERS is facing scrutiny over its email deletion policy, with critics arguing that at government agencies, emails are considered public records.
Fed Shows US Corporate Pensions Spike in Assets
According to the Federal Reserve's latest Flow of Funds report corporate defined benefit and defined contribution plans enjoyed an increase in assets amid strong equity returns as of March 31.
Hewitt EnnisKnupp Bests Russell to Become CT’s Consultant
Connecticut Retirement Plans & Trust Funds has selected Hewitt EnnisKnupp over Russell Investments to replace Mercer as the fund’s consultant.
Large Asset Owners Urge Russell 1000 to Take Heed of ESG Risks
Asset owners managing $1 trillion—among them some of the most prominent US pension funds—have called on Russell 1000 companies to recognize the “new reality” of ESG risks.
Harvard and Other Large US Universities, Pensions Accused of African Land-Grabbing
US university endowments and other institutional investors are investing heavily in African land as they foresee high returns on deals that have encountered scrutiny and opposition, a new report states.
Cuomo Proposes Plan to Slash N.Y. Public Pensions, Labor Furious
Governor Andrew Cuomo has proposed a plan to reform the New York public pension system that has public employees unions clamoring.
Study: Institutional Investors Should Be Cautious Allocating to European Property
As institutional investors pursue the European property market, there should be a degree of caution as there is a danger of history repeating itself, says a new study by London-based Hatfield Philips International.
Public Pensions Fight Back, Claim Solid Funding
A report by the largest trade association for public sector pensions has revealed that the public pension funding problem in the US may be declining.
PBGC Joins Suit Against Morgan Stanley Over Risky Investments That Hurt Pension
The Pension Benefit Guaranty Corporation has joined a lawsuit against Morgan Stanley, seeking $25 million in damages over risky pension investments the bank made for New York's Saint Vincent Catholic Medical Centres' pension plan and its participants.
NJ's Christie, Sweeney Approach Deal to Slash Pensions and Benefits
New Jersey Governor Chris Christie and Senate President Stephen Sweeney have reached a deal to overhaul state pensions and benefits for current public employees.
UK Report Says Buyouts, Buyins Are at Peak of Attractiveness as Pensions Derisk
UK-based consultant Lane Clark & Peacock says that prospects for pension deals have never looked more compelling as schemes strive to derisk.