The survey of 114 cross-border organizations found that more than three-quarters (77%) are seeking to make changes to promote better management of risk globally, while many are considering changes to elements of their governance frameworks.
Unless lawmakers find a solution for the financially-strapped state to make its pension contributions this fiscal year, the $33.1 billion Illinois Teachers' Retirement System will be forced to sell investments to cover benefits.
As part of its latest bid to acquire new Australian assets, the Canada Pension Plan Investment Board says it is providing hundreds of millions of dollars in financing to a restructured Australian retail property fund.
ai5000's Joe Flood digs into the causes of the May 6th Flash Crash — when nearly 1000 points mysteriously disappeared from the market in a matter of minutes — and unearths internal analysis leaked from a Bank That Shall Not Be Named, surprising new data from the market research firm Nanex, and a first-time admission from the NYSE: that there were significant price reporting delays on May 6th, delays which contributed to the Crash.
Connecticut's attorney general alleges that Thomas Kannam's “golf outing of the century” in California, a Super Bowl outing, and a trip to the United Kingdom with his entire family to interview for a job at Cambridge University were flagrant abuses of both his power and of the university's endowment assets.
Caisse says it was able to beat the average loss of Canadian pensions
for the first half of 2010 by focusing on fixed income and alternative assets,
while reducing holdings of stocks.
Mall owner Hammerson has sold more than
half of its interest in the O'ParinorShopping
Centre near Paris to Korea's National Pension Service, freeing $278 million for
planned investment.
