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.
In the first suit by the Securities and Exchange Commission (SEC) against a state for securities fraud, the regulator claimed that when New Jersey issued $26 billion in bonds between 2001 and 2007, it fraudulently and erroneously portrayed its pension funds as adequately funded.
While more investors are looking to invest in the asset class, many are questioning whether the management fees and fund carry structure of private equity are appropriate.
Seeking to benefit from rising housing demand in the world's fastest-growing regions, the asset manager for Netherlands' largest pension fund will increase property investments in Asia.
As pension funds face intense scrutiny and speculation for improper influence of board members and execs, lawmakers have been considering disclosure for California's pension boards.
Connecticut will carry out an asset allocation and liability study for each of its six state pension funds, while the Montana Board of Investments has commissioned an asset-liability study for the $2.5 billion Montana Teachers' Retirement System.
