Stanford Endowment on the Lookout for New CIO
The third largest endowment among US colleges is searching for a CIO
after leaving the post vacant for more than two years.
News
San Diego County Faces Concerns Over Conflict of Interest
The $6.9 billion association has already approved the idea of outsourcing its investment staff, but will scope out other alternatives and look at the cost difference between the in-house and outsourced models.
China’s SWF Slashes Funding Request to $100 Billion
The China Investment Corp (CIC) has cut the amount of new funding its
requesting from the government in half.
Judge Dismisses Claims in Mortgage Bond Suit
Standard & Poor's, Moody's win dismissal of a suit that involved
the sale of more than $60 billion in mortgage-backed securities.
Swedish Pension Bans Israeli Defense Firm on Ethical Grounds
In an effort to remain a role model for socially
responsible investment, the biggest Swedish pension barred Israeli arms
maker Elbit Systems from its investment portfolios.
Buyout Firms Meet With CalPERS, Others to Discuss Private Equity
Buyout heads met with investors to discuss the role of
private equity in investment portfolios and the challenges and
opportunities confronting the industry.
Board of Trustees for Alaska's SWF Allows Direct Hedge Fund Investment
The amendment will permit the fund to bypass so called ‘gatekeepers’ and invest directly in hedge funds.
FINRA Steps in to Regulate Pay-to-Play Rules
The Financial Industry Regulatory Authority (FINRA) is ready to act
on rules to be in place this year.
China’s Pension Looks to Boost Investment Abroad, Dai Says
Dai Xianglong, chairman of the National Social Security
Fund, voices ambitious goals to more than double the fund's total assets
by 2015.
Continued from ai5000 Magazine…Review: Michael Lewis' Big Short
Continued from the March/April issue of ai5000...Michael Lewis' Big Short, Reviewed.
MassPRIM's Travaglini Denies Pay-to-Play in State Pension Fund
Timothy
P. Cahill's tarnished reputation may be a result of misunderstanding
and attempts of political influence.
China Automaker Acquires Volvo for $1.8 Billion; Pension Deficit to Reduce Price Tag
China's
Geely Automobiles Chairman Li Shufu vowed to control American and
European markets and now the automaker is making that a reality.
Canada's Largest Pension Acquires British Lottery Operator
The Ontario Teachers' Pension Plan will buy Camelot for $576 million.
Norway Ministry of Finance to Lower Active Risk
Presented by the
country’s parliament, the proposal is part of a report on new
regulations for risk and active
management for Norway's Government Pension Fund.
CalPERS Under Scrutiny in Pension Investigation
The Department of Justice is
scanning investment transactions of public pensions.