Study: Multiemployer Plans Considering Changes in Wake of Poor Funding Status
Trustees
say volatility and funding status concerns influence considerations for
new allocation strategies, a new SEI survey reveals.
News
DIC Pension to Renew RE Investing; World's Biggest Pension to Split Assets
In Japan, the
DIC pension plan is looking to diversify into real estate, while the
GPIF is indicating a move to make the fund more transparent to the
public.
San Diego Public Pension Looking to Boost HF Allocations, Avoid Salary Caps
SDCERA
is seeking to increase
the allocations to its global
macro hedge fund managers, while also looking to avoid salary
caps.
US State Pensions Suffer $1.4 Billion Loss From BP Oil Ignominy
Public pensions such as CalPERS, Florida and Texas
Teachers lose from holdings in BP, whose value continues to plummet.
Alternative Investments Gain Ground Among Institutional Investors
A new survey reveals real estate, private equity and hedge funds
remain the preferred alternative types.
Texas Teachers Fund Reports Record Full-Year Return
The gain takes the fund's market value to $96.7 billion, erasing
most of the losses suffered during the financial crisis.
New York Pension Is Mulling a Lawsuit Against BP
The state's $132.6 billion fund holds 17.5 million shares of BP,
which yesterday closed at $31.71 a share -- down from $60.48 the day of
the disaster.
Managers at HF Conference in Monaco Grapple With Challenges Ahead
At the GAIM hedge fund
conference this week, managers focused on the problems that could hit
their firms rather than the past year's client inflows and 20% returns.
Two Money Management Firms End Use of Placement Agents With CalPERS
Following an
internal investigation by CalPERS, Ares Management and Relational
Investors have agreed to stop using so-called placement agents and
reduce the fees they charge the fund by millions of dollars over the
next five years.
BlackRock Targets $26 Billion Mexican Assets
The world's largest
money-management firm by assets believes ETFs represent a growing
market.
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.