Mayor Luke Ravenstahl had proposed multiple fixes to the city’s severely underfunded pension system, but Council opposition produced another plan – one that rating agency Standard & Poor’s has found wanting.
As institutional investors crowd into the rapidly-growing economies of emerging markets to improve equity returns, managers are increasingly closing their strategies to new investors.
The fourth standalone Securities Lending Survey by Global Custodian – a sister publication to aiCIO – shows that Brown Brothers Harriman has won the praise of respondents for a third year running.
Looking ahead in 2011, pension schemes battle immediate and pressing challenges, according to a Financial News Pension Fund Barometer survey of 64 European schemes.
From aiCIO Magazine: If liability-driven investing (LDI) 2.0 is locking in a glide-path, LDI 3.0 is beginning to think about how to rebalance within a complex and constantly-moving portfolio.
Spurred by efforts to curtail foreign takeovers of certain industries deemed to be strategic, Italian Economy Minister Giulio Tremonti has been given the green light to set up a state investment fund.
Boosted by stock market gains, US state and local government pension-fund assets rose in value by 5.5% in the last three months of 2010, recouping some of 2008's losses.
On the Opening Day of America’s national pastime, Editor-at-Large Joe Flood muses on what the Red Sox and Yankees' ultimate success or failure means for Wall Street’s fortunes.
Judge John Keenan has dismissed a lawsuit by a group of pension funds which accused Freddie Mac of materially misrepresenting its exposure to risky mortgage products, leading to investment losses.
Research conducted by SSgA's Active Emerging Markets investment team found that since January 1997, smaller markets such as Chile, Peru and Hungary outperformed BRIC countries within the emerging market world.
