Survey Shows World's Largest Insurance Companies Lean on Outside Expertise
A new study shows the world's largest insurance companies are placing greater value on outside expertise to oversee their investments.
News
Survey: US Public Pensions Skimp on Risk Management Staffs
A new study shows that when compared to funds around the world, US public pensions have the fewest full-time risk management employees on average.
Mercer Reevaluates DB Investment Consulting Work for US Public Sector Plans
The consultant firm is establishing limits of liability to curb risk.
New York State Common Retirement Fund Backs Out From Morgan Stanley
Following news of expected losses, the New York State pension reneged on a $300 million commitment to Morgan Stanley’s real estate investing group.
The Saga Continues: Flash Crash Controversy
Two weeks ago, the Securities Exchange Commission and Commodity
Futures Trading Commission revealed the possible causes of the May 6th
Flash Crash. Since you can't stop traders from making bad trades, what's
to stop another Flash Crash from happening tomorrow? aiCIO's Joe Flood
reports.
Northern Trust Reveals Growing Optimism Among Institutional Investment Managers
A quarterly survey conducted by Northern Trust Global Advisors reveals that institutional investment managers see a double-dip recession as unlikely amid stabilizing markets.
LGIM Says Institutional Activism Will Improve on Heels of Stewardship Code
Andy Banks, head of corporate governance at Legal & General
Investment Management (LGIM), says the UK's Stewardship Code has given
shareholders the essential ability to consult with each other when
issues arise at companies in which they invest.
First Fiscal-Year Gain for US Public Plans Since 2007
A US Census Bureau report shows holdings of the 100 largest US public-employee retirement systems rose 6.8% for the 12 months through June, the first fiscal-year gain since 2007.
aiCIO Editorial: DE Shaw and the Lost City of El Dora-Dough
DE shaw is getting some flack for a Southwestern real estate misadventure.
UK Pension Funding Shortfall More Than Halved in September
Figures released by the Pension Protection Fund show the funding shortfall faced by the UK's defined benefit pension schemes more than halved in September.
South Korea Pension and KKR Join Forces to Buy Chevron Pipeline Stake
The National Pension Service, the fourth-largest pension in the world, has partnered with US private equity firm Kohlberg Kravis Roberts & Co. to acquire oil giant Chevron’s 23.4% stake in Colonial Oil Pipeline Company.
Law Firm Manatt Phelps & Phillips Settles Role in NY Pension Investigation
The law firm has agreed to a five-year ban from appearing before all New York public pension funds and will comply with the attorney general’s reform code of conduct.
Japan's GPIF to Allocate to Emerging Equities
The Government Pension Investment Fund (GPIF), which holds about $1.4 trillion in assets, will pick both active and passive managers to invest in emerging markets for the first time.
CalPERS Severs Ties With Pacific Corporate Group Over Pay-to-Play
Amid criticism of CalPERS' poor returns and conflict-of-interest questions, the biggest US public pension said it is severing its 21-year relationship with Pacific Corporate Group as it revamps its private-equity program.
Corporate Pensions Enjoy Positive Swing in September
The latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans, shows funded status increased by $67 billion during September.