Yesterday afternoon, the City Council heard from state officials about what a state takeover of city pensions could mean to taxpayers -- the process would result in steeply higher annual pension payments, beginning in 2013.
Norges Bank has made its first real estate investment for the Norwegian Government Pension Fund Global, acquiring a 25% stake in The Crown Estate's Regent Street portfolio in London in March 2010.
BHP has 30 days to appeal and convince the federal government that its offer is of “net benefit” to the country, at which point the government will make a final decision.
Preliminary data from 80 colleges and universities gathered for the NACUBO-Commonfund Study of Endowments to be released in January shows that broad gains in the stock market last year helped college asset pools earn their first positive investment return in three years, with the smallest endowments performing better than the largest ones.
China's sovereign wealth fund -- the China Investment Corporation (CIC) -- has urged the US to invest in infrastructure to boost American competitiveness and create jobs; Lou Jiwei, chairman of the CIC, warns that China's economic growth may face a slowdown as its population ages.
See photos of aiCIO's successful October Chief
Investment Officer Summit in London. Designed specifically for the key
decisionmakers at the world's largest asset owners, the event featured
an array of panelists -- including Jay Vivian, former managing director
of IBM Retirement Funds, and Mark Gibbens, Chief Investment Officer of
Alcatel-Lucent -- as well as keynote speaker Nassim Taleb.
The $132 billion pension fund’s governing board will discuss implementing a radical new asset allocation that will divvy up the scheme's assets based on their characteristics - like sensitivity to inflation, stable return, or growth - rather than equity or debt.
Paternoster, set up in 2006 to buy up defined benefit pension schemes from companies seeking to offload their risk, is expected to complete a takeover deal within the next couple of months.
A recent study by Greenwich Associates shows that almost half of managers said one or more of their hedge funds was below the asset peak it must return to before performance fees can be charged, as of the first quarter.
As volatility in institutional plan performance has nearly doubled over the past two years, US pension plans, endowments and foundations in the Northern Trust universe have rebounded from the median 4.7% loss three months earlier.
Four former San Diego officials have agreed to pay financial penalties to settle SEC charges accusing them of misleading municipal bond investors about the city’s fiscal problems.
Glas Securities has said that Ireland's National Pensions Reserve Fund (NPRF), created in 2001 to pay for future pension liabilities, should consider using its state pension fund to hedge against the impact of a planned budget squeeze.
A study by Northern Trust has shown that firms with less than $3.6 billion under management gained 0.67% per year in their active large cap US equity portfolios for the five-year period, a higher return than larger firms or the S&P 500 Index, which was down –0.80% per year over the same period.
Mohamed El-Erian, CEO of the Pacific Investment Management Co. (PIMCo), who popularized the phrase "new normal" to describe how growth will be depressed by consumer retrenchment and tighter financial regulation, says the Fed's purchase of Treasuries will lead to faster global inflation while failing to revive US economic growth.
