Driven by Dissatisfaction, Aon Replaces Mercer at UK Pension Fund
London Borough of Croydon Pension Fund has hired Aon Hewitt as investment consultant.
News
European Pensions Fret About Inflation Impact
Research by Mercer shows that pension funds are increasingly worried about the potential impact of inflation shocks on their portfolios.
Mercer: Infrastructure on the Rise, Yet Lacking in US
According to consultant firm Mercer, infrastructure investment is on the rise in the UK and Australia, yet it is slower to pickup in the US.
Iowa Public Pension Recovers $215 Million in Fraud Case
As part of the recovery of funds that were frozen in an investment fraud case in New York, more than $215 million in Iowa public employee retirement funds have been transferred to the state.
Report: Chile Ranks as Top Latin American Destination Among Pension Managers
A report by asset management consulting firm Cerulli Associates shows that assets in Latin American pension and mutual funds will reach $1.4 trillion over the next five years, with Chile becoming the most attractive market.
Fed Ups Inflation Forecast; Signals End of Bond-Buying
The Federal Reserve has announced that it now expects headline inflation to reach 2.1-2.8% during 2011 before returning to the official target of under but close to 2% in the following year.
In Latest Public Pension Exodus, Chief Investment Officer of CT Scheme Quits
Timothy Corbett, who has been the chief investment officer of Connecticut's $25 billion pension fund since July 2009, has resigned and will head into the private sector.
Survey: While Still Below Pre-Crisis Peak, Pension Funding Improves
Strong gains in equities and higher employer contributions have pushed the nation's largest employer-sponsored pension plans toward higher funding levels in 2010, Towers Watson reveals.
State Street Investigated Again in FX Probe
Massachusetts Secretary of the Commonwealth William F. Galvin is looking into the third-largest custody bank over its handling of foreign-exchange transactions.
Former SBCERA CIO Barrett: 'Outsource Everything, or Nothing at All'
Eastman Kodak's Timothy Barrett, the former executive director and chief investment officer at the San Bernardino County Employees' Retirement Association, speaks with aiCIO about the conflicts that public pension funds face when they decide to outsource investment expertise.
SEC, CFTC Reveal Swap Definitions
The SEC and CFTC have laid out long-awaited swaps definitions covered under the Dodd-Frank law.
CalPERS Supports Emerging Managers
The $236 billion California public pension said it has allocated $400 million toward three emerging managers in the pension fund's Manager Development Program II for public investment.
Peru Pensions to Permit More Investment Abroad
Peru's Congress will let the country's privately-run funds, which manage around $30 billion in pensions, to invest more overseas.
SEC Ends PAAMCo Probe Without Charges
Pacific Alternative Asset Management Co. will not face a Securities and Exchange Commission enforcement action over its relationship with Paloma Partners' Donald Sussman.
BlackRock's Fuhr: ETF Embrace Among Institutional Investors Leads Regulators to Enhance Scrutiny
Regulators have placed more scrutiny on exchange-traded funds as institutional investors have embraced the product, Deborah Fuhr, ETF guru and global head of ETF research at BlackRock, told aiCIO.