Survey Shows UK Industry Watchdog Lacks Accountability
A National Association of Pension Funds pulse survey has show 78% of respondents believe the UK's watchdog should be more accountable to those it regulates.
News
Governor of Worst-Funded US State Pension Remains Tightlipped on Signing Legislation
Illinois Gov. Pat Quinn won't say if he will approve the new bill that has Chicago officials worried about increased costs and higher property taxes.
Following FBI Probe, Pensions Keep Watchful Eye on Investments
With investments in hedge funds under investigation following the probe by the US Federal Bureau of Investigation into insider trading, pension officials voice concerns.
Winners of aiCIO's Industry Innovation Awards for Asset Owners
aiCIO congratulates asset owners -- public and corporate pensions, endowments and foundations, and insurance general accounts -- that have successfully understood and acted upon material risks in today's markets, delivering long-term and consistent results to establish a solid foundation for future returns.
Morgan Stanley Said to Sell Stake to Singapore's SWF and Others
Morgan Stanley is selling its 34.3% stake in China International Capital Corp. to Kohlberg Kravis Roberts & Co., TPG Capital, Singapore’s Great Eastern Holdings Ltd. and the nation’s sovereign-wealth fund.
Pittsburgh City Council President Proposes Another Plan in Desperate Attempt to Save Pension
Pittsburgh City Council President Darlene Harris has proposed another possible option to tackle the city's pension crisis -- -- taking out life insurance policies on those vested in the fund.
CalPERS Sheds LaSalle of Industrial RE Portfolio
The country's biggest public pension fund has transferred most of its CalEast Global Logistics industrial real estate portfolio to private investment firm GI Partners from LaSalle Investment Management.
Institutional Investor Confidence on the Upswing
With North American and European institutions leading the way, institutional investor confidence has risen in November, according to research by State Street Global Markets.
Study Suggests ESG Mutual Funds Outperform
Research by Trucost and RLP Capital shows that mutual funds incorporating environmental, social and governance (ESG) analysis outperformed traditional funds over one-and three-year periods.
SEI Global Poll: LDI Investing Continues to Gain Traction
Pension plans are increasingly adopting liability-driven investing strategies, a new SEI study shows, with the UK and Netherlands in the lead.
Report Suggests Norway's SWF Needs to Harness Its Size
According to a report by an independent council, Norway's 3 trillion kroner ($494 billion) Government Pension Fund-Global should take better advantage of its size, lack of liabilities, and long investment horizon.
Shareholder Group Says Pay Practices at Banks Fueled Risk-Taking
The Council of Institutional Investors, which represents about 130 pension funds, has shown that pay practices at major Wall Street banks likely helped drive excessive risk-taking by executives and contributed to financial collapse in 2008.
Korea Investment Corp Aims to Stray Away From Stocks, Bonds
The nation's $37 billion sovereign wealth fund is planning on making three or four strategic investments with other state funds next year.
Ireland Seeks Cash From Pension Fund for EU's €85 Billion Bailout
Ireland's National Pension Reserve Fund, which holds roughly €24.5 billion in assets, may contribute up to €10 billion to cover the cost of the bailout package from the European Union and International Monetary Fund.
UK Defined Benefit Schemes Aim to Cut Risk Within Five Years
Research by Towers Watson has found that a majority of corporate executives running DB schemes say they would use sophisticated financial products to reduce their risk.