AustralianSuper's presence in Western Australia will be one of the largest in the state, as one in four West Australian workers will be members of the Fund, the scheme reported.
With Pittsburgh's pension still less than 30% funded and up against a state takeover earlier this year, the City Council reported good news about the city's schemes, which gained ground in the last three months of 2010.
As part of its pursuit toward assets with long-term income streams, the Canada Pension Plan fund is boosting its real estate and infrastructure holdings.
Citing financial stresses of its large unfunded pension liabilities, the S&P has lowered its ratings on the state of New Jersey's general obligation debt.
California Controller John Chiang has said he is sponsoring two
new bills in the state Legislature with the goal of tightening ethics
requirements for CalPERS and CalSTRS.
Research by Cogent Research has shown that in a survey of 590 institutional investors, PIMCO and Loomis Sayles came out as the most preferred in terms of investment performance and philosophy.
The UK's 6,560 final-salary schemes in the private sector covered by the Pension Protection Fund (PPF) have seen their surpluses over their liabilities more than double in January.
According to New York City Comptroller John C. Liu's testimony before a joint hearing of the New York State Assembly Ways and Means Committee and the State Senate Finance Committee in Albany, the city's pension funds' 6-month return has topped 16%.
According to an SEI poll, pension plan sponsors say their number one priority for the coming year is finding a way to control funded status volatility.
The 2011 Credit Suisse Global Investment Returns Sourcebook has shown that the average annualized returns for the 19 countries in the authors’ worldwide sample were 5.4% for bonds and -0.4% for stocks, warning that future returns for bonds are likely to be far lower.
The California Public Employees’ Retirement System (CalPERS) is suing ex-Lehman executives and underwriters, saying they hid Lehman’s exposure to subprime loans when they sold the California public pension fund about $700 million in bonds.
Results from an analysis based on Eager, Davis & Holmes’ Tracker Hiring Analytics database shows US institutional investment manager hires rebounded in 2010 relative to a low water mark set in 2009.
