CalPERS May Cut Its Projected Rate-of-Return
The
giant pension fund’s potential decision to slash its rate of return
could force California governments to struggle paying millions more each
year to provide employees with pensions.
News
New Hedge Fund Rules to Prevent Secrecy
Hedge funds will need to disclose detailed information about their trading positions to international regulators.
Spurred by Placement Agent Controversy, CalPERS CIO Voices New Effort; New York’s CIO Eases Placement Agent Ban
CalPERS' Joseph Dear says emerging money managers don’t need placement agents to get hired by the fund giant; New York’s CIO Schloss takes the lead on placement agent relationships.
Survey: Pension Funds to Increase Equity Exposure in 2010
A study of 78 European pension funds in 16 countries reveals investors have increasing trust in equities.
SEC Restricts Short Sales
Hoping to restore investor confidence, the regulator passes an “alternative uptick rule” after more than a year of debate.
Insider: Flash Ban Likely, but Volcker “Unworkable”
The US Congress and the Securities and Exchange Commission (SEC)
could be close to passing legislation and rules that will, among other
developments, eliminate flash trading and institute ‘circuit breakers’
for short-sellers, according to financial policy specialist Joseph
Engelhard.
AIG Class Action Approved for Ohio Plans; $150 Million SEC-BofA Settlement OK'ed
Ohio pension funds won class action certification over allegations of accounting fraud, among others; judge ends civil charges accusing BofA of misleading shareholders when it acquired Merrill Lynch.
Study: Pension Plan Sponsors Are Becoming More ‘Liability Aware’
MetLife’s survey of 166 corporate plan sponsors shows risk management priorities for the largest US defined benefit pension plans have expanded.
Swedish Pension Fund AP3 to Shift Investment Model
After improved returns, AP3
will focus on a management model based on risk categories.
BMW Gets Pension Liability Insurance With Deutsche Bank
The German carmaker completed the largest-ever insurance transaction
with a pension scheme.
Pension Fund Regulator Files £2.1 Billion ($3.3B) Nortel Lawsuit
The regulator seeks
to help finance a shortfall in the Nortel UK pension
plans.
CIOs at Florida and Cornell Universities Quit
Michael Smith at UF and James Walsh at Ivy
League Cornell cite personal reasons, pursuit of new challenges.
Mexico Loosens Rules for Pension Funds
New regulatory changes would permit Mexican pension funds to
directly invest in individual stocks.
Survey Shows Corporate Pensions Improved in ’09, but Troubles Persist
Standard & Poor's 500 companies' aggregate U.S. and non-U.S.
pension deficit and average funded status showed signs of optimism last
year -- as of December 31, the average funded status increased to 84%,
up from
78% a year earlier.
CalPERS Names 11 Firms Not Responding on Placement Agents
The $200 billion pension fund has stepped up its
oversight on placement agents or pension-fund middlemen.