Korea Teachers Pension CIO Looks Toward Emerging Nations
The nation’s second-largest public pension fund shifts away from investing in slower-growing developed countries.
News
Despite CPPIB Investment Loss, Strong Contributions Lift Assets
The value of CPPIB's investments has declined US$1.6 billion in the first fiscal quarter, yet the Toronto-based board has enjoyed rising assets, helped by strong
contributions.
Wisconsin Reviews Strategy Implementation
Next
step for the Madison-based investment board of the Wisconsin Retirement System (WRS):
"Determining which strategy the board will use for inflation protection
and how we'll go about achieving leverage," says the board's Vicki
Hearing.
State Pensions Tell Oil Companies to Responsibly Prepare for the Worst
Ceres, a national network of investors, environmental organizations
and other public interest groups, has kicked off a campaign among
global investors with assets totaling more than $2.5 trillion, urging
energy companies to be open and transparent with investors and
stakeholders.
Despite Tough Quarter, Institutions Plan to Increase HF Allocations
While almost a third of institutional investors plan to increase hedge fund investment over the next year, fewer investors are satisfied with hedge fund performance compared to last year.
LGIMA’s Bender Sees Further American LDI Growth
On the tail of the firm's Long Duration Credit Strategy’s three-year
mark – in which it outperformed the Barclays Capital US Long Credit
Index – LGIMA’s US fixed-income head sees further LDI mandate growth in
North America.
Canadian Pensions and Others Compete for UK Rail Bid
A consortium that included Borealis, the infrastructure investment arm of Canada's Ontario Municipal Employees Retirement System (OMERS), and at least two other groups are gearing up to bid for Britain's only high-speed rail link -- High Speed 1, or HS1 Ltd.
California's Attorney General Expresses Shock Over CalPERS' Blind Eye on Runaway Salaries for Top City Officials
The nation's largest pension system did not take action when it first heard about officials in the lower-income city of Bell, California, earning inflated salaries.
Rumors Swirl Around Potential SDCERA CIO Insourcing
While reports have the San Diego County Employees Retirement Association considering a move towards internalizing their asset management, current outsourced CIO Lee Partridge denies he is considering the move.
MassPRIM Must Exit Iranian Holdings
Legislation passed by the Massachusetts Governor gives the $42 billion fund one year to study and exit any investments that directly or indirectly support the Iranian oil industry.
Adventures in Algorithmic Trading
August is the shortest of months, with vacation and Summer Fridays making the time go simply too fast… except for those who eagerly await the September issue of ai5000, for whom the end of the month cannot come soon enough. For those most loyal of readers, we’re posting one article early. It’s Joe Flood’s Adventures in Algorithmic Trading, a look at the varied strategies that comprise the umbrella term ‘algo trading’ – and what it means for you.
Mercer Study Shows Pension Longevity Assumptions on the Rise
New survey data issued by the London-based unit of consultant Mercer shows that the costs of rising life expectancy added billions of pounds to the pension bills of the United Kingdom’s largest 100 companies in 2009.
Mayor Bloomberg Appoints New York City's First CIO
Ranji H. Nagaswami, an Indian American with a background in the private sector, will assume the $175,000 position.
Pension Funding Relief Allows Contribution Cut of Up to $63 Billion
A recent study by Towers Watson has shown that while legislation recently signed into law could provide a between $19 billion and $63 billion reduction in required contributions over five years, only one-quarter of employers are likely to seek relief.
At Top UK Firms, Pensions See Declining Deficits
A study by Aon Consulting has discovered that combined pension deficit at the UK's top 200 firms fell by about a quarter between June and July, buoyed by improving equity markets and declining liabilities.