Pension Fund Deficits Increase in May
According to the Pension Protection Fund (PPF), the collective
deficit of the UK's private sector final-salary pension schemes worsened
by more than £40 billion in May.
News
Asset Owners Considering Climate Change Investment Policies Double
A new report reveals
twice as many investors are asking stock and bond managers about their
global-warming policies as two years earlier, but integration of these
policies into investment mandates has failed to take off.
Survey: Pensions Move Toward Riskier Assets
A trend has emerged as pension
funds
shift away from equities and invest in riskier assets by diversifying
into alternatives, with infrastructure leading the way.
Passive and Fixed-Income Trump Active for UK Pensions
A new FTfm survey finds that passive and fixed-income investment
managers are on the rise in the institutional investment space, with
Legal & General Investment Management and Barclays Global Investors,
now subsumed by BlackRock, taking the lead.
BP Execs Assure Pensions That Firm Will Meet Obligations, Fail to Guarantee Dividends
BP's Chairman Carl-Henric Svanberg and Group Chief
Executive Tony Hayward issued a statement saying they will meet
obligations to institutional investors, including
pension
schemes, but are unable to guarantee dividend
payments.
Corporate Funding Ratio Falls in May to 82%
The May meltdown, which hurt both US and international stocks,
reduced the value of the typical pension plan's assets by 4.8%.
Bad News for Public Pension Funds and Taxpayers
The Government Accounting Standards
Board will be releasing a preliminary views document later this month
that may shock public pension systems and the taxpayers who fund them.
PE Fund Investors Still Seeking the ‘Holy Grail’
Limited partners and general partners are still seeking a
perfect alignment of interests.
After Huge Losses in RE, CalSTRS Revises Allocation
The West Sacramento-based fund would increase its core investments
while decreasing tactical investment in real estate.
CalPERS Claims Goldman Concealed SEC Probe
Mounting problems for Goldman: CalPERS claims that when Goldman
applied with the fund to become a real estate investment consultant, it
misled the fund about it's legal status, specifically stating that it
was not "the target of a formal investigation."
Money Manager Strives to Double Japanese Pension Assets
Dutch money manager
Robeco Group aims to double assets from Japanese pension funds within
two years, shifting investments away from traditional asset classes such
as bonds and equities.
Charles Millard, Former PBGC Head, Exonerated
Charles Millard, who had been suspected of improper dealings with financial firms doing business with the PBGC, has been exonerated of all charges.
Arizona and Alaska Funds Shift Allocations
While the Arizona system has added three new allocations, the Alaskan
SWF will commit $600 million to private equity.
CalSTRS Seeks Commodity Investments
The US's second-largest public pension fund is eying commodity
investments as a hedge against the risk of inflation.
China National Pension Fund Adviser Zhang Plans Hedge Fund
An adviser to China’s enormous state pension fund is planning to
return to the hedge fund world by forming JT Capital Management, a
China-focused fund.