BlackRock Targets $26 Billion Mexican Assets
The world's largest
money-management firm by assets believes ETFs represent a growing
market.
News
SWFs Lose $5 Billion on BP Oil Spill; PIMCO's El-Erian on the 'New Normal'
Since the Gulf of Mexico oil spill started in April, pulling down BPs
share price, the governments of Norway, Kuwait, China and Singapore
have lost billions of dollars.
Manager Survey Shows Eroded Investor Confidence
A global survey of 207 fund managers reveals that investors have
become less bullish about the global economy but have not given up on
riskier assets.
Mercer Settles Alaska Pension Suit for $500 Million
The
Alaska Retirement Management Board blamed Mercer for unfunded
liabilities.
Former Hevesi Aide Led $35 Million Fraud Scheme, Cuomo Says
On Monday, New York's
attorney general said in court papers that just because "everybody does
it" in Albany, doesn't mean corruption is
legal.
Pensions Use World Cup to Urge Investment in Africa
Fund managers say Africa hides some of the best value
opportunities for pioneering investors.
Growing Pressure to Tighten ESG Pension Rules Following Gulf Disaster
BP’s oil fiasco has pushed lobbyists in the UK to urge pensions to disclose what environmental, social and governance (ESG) issues are taken into account in their investment policy.
China’s SWF to Shift Away From Its Long-Term Focus
The shift could mean the $300 billion China Investment Corp (CIC) could increase its holdings of stocks.
No Revenue Without Conviction
Directionless investors are conspiring with weak macro-economic conditions to unsettle a business model dependent not just on activity, but short selling, leverage and spreads, says Dominic Hobson, editor in chief of Global Custodian.
Alternatives Provide No Alternative to Public Equities
Senior Contributor to PLANSPONSOR and ai5000 John Keefe reports.
CalSTRS Sues Massey Energy
The California State Teachers’ Retirement System has joined forces
with Amalgamated Bank and Manville Trust to file a lawsuit against
Massey Energy for alleged safety misconduct.
China’s Pension Head Offers Glimmers of Hope, Lifts Euro
The head of China's $114 billion national pension fund said Thursday
that the euro will survive the sovereign debt crisis.
OPINION: If Investment Requires Diversity, Diversity First Requires Investment, from The Trade
Chris Hall, editor of The Trade, examines diversification for asset management firms.
OPINION: Alternatives to Greater Losses, from SI Global
Jag Alexeyev, head of global research and senior managing director at Strategic Insight, explores the future of alternatives through mutual funds.
Florida Pension Dives Into HFs and Infrastructure
The $109.5 billion Tallahassee-based public pension aims to increase
its exposure to alternative investments.