News

While denying any wrongdoing, Steve Rattner has agreed to pay $10 million to settle charges that he and the firm he founded bought access to New York’s Common Retirement Fund.

The besieged city will have to wait – possibly until September – to find out if their pension solution is accepted by the state, avoiding a takeover.

A ruling out of District Court also creates a sub-class of claimants with more limited claims against the company.

Why it’s important: Because liability-driven investment is the trend of the year – and maybe of the decade – for corporate pension plans.

 

Why it’s important: Because it’s a trend that crosses the asset owning space from endowments to insurance funds – and because it’s here to stay.

With three days to go before a state takeover, another proposal (30 years of dedicated parking revenue) and rejection (by Mayor Luke Ravenstahl) in the search for a Pittsburgh pension solution.

Why it's important: Because nearly everywhere except America sees pension funds moving into environmental, social, and governance investing – and every year this trend continues, America is left further behind.

Why it's important: Because we thought we were done with the placement agent scandal a year ago – but boy, were we wrong.

Why it's important: Not because Pittsburgh’s lost pension is unto itself an essential story -- but because it is a canary in the coalmine for the entirety of America’s public pension system.

China Investment Corporation’s joint action on Indonesia mining company Delta Dunia is the latest move in a month full of asset owner/private equity cooperation.

Two Motor City pension funds have seen large write-downs on bad investments, many of which are tied to recommendations from placement agents and an investment consultant.

The US$1.4 trillion Government Pension Investment Fund has come under governance and investment strategy reform pressure from the OECD.

A reported $15 billion fund raised by New York-based Blackstone Group may signal the resurgence of a much-maligned investment strategy.

According to an anonymous source familiar with the Federal Reserve’s thinking, hedge funds, beset with recent worries, are likely to escape the key “systemically important” designation that would be accompanied by rigorous Fed oversight.

On December 2, 2010, aiCIO hosted asset owners and asset managers from across the globe for our inaugural Industry Innovation Awards. See who was in attendance – and who won awards – via our photo gallery.