Report: Private Equity Fundraising Has Gloomy Expectations for 2010
After a dismal 2009, the private equity space still looks bleak.
News
Illinois Pension Fund Sues Goldman Over Bonus Plans
Suit says bonuses "highlight the complete breakdown" of corporate oversight, saying Goldman’s payouts harm shareholders.
Survey: Japan Pensions Rise From Financial Crisis to Post 11.5% Profit
Increases in global equity prices helped lift returns of Japanese corporate pension funds.
Barclays Pension Fund Boosts in-House Investment Team
Nick Stacey has been named associate director of manager selection at the £16 billion ($25.6 billion) Barclays U.K. Retirement Fund.
Blackrock’s Doll: Buy Stocks; U.S. Economy Outruns; Health Care Wins
Predictions for 2010 and the upcoming decade from Bob Doll at Blackrock, the world’s biggest asset manager.
PIMCO’s Gross Says Fed Exit May Debilitate Markets
The influential bond fund manager, warning of “carefree check writing,” said that with central bank support removed, markets may suffer.
Survey: University Endowments Fall 19%
A recent study shows U.S. college and university endowments lost nearly one-fifth of their value in the 2009 fiscal year.
Survey: Nearly 50% of Money Managers Ignore Climate Risks
A new report shows that nearly half of money managers surveyed do not consider climate risks in their investment decisions, considering them financially irrelevant.
Wesleyan Sues Ex-Endowment Chief, Claiming Fraud
For more than eight years, one of the highest paid employees at Wesleyan used university access and funds to make money at other companies and finance family vacations and international recreational trips, the suit alleges.
State Street to Compensate Netherlands Pension Fund for Lehman Loss
State Street Global Advisers (SSgA) has been ordered to pay more than 40 million euros ($58 million) in damages to Stichting Pensioenfonds OPG for investment losses.
Private Equity Expert to Run NYC’s Pension Funds
Larry Schloss has agreed to become the next chief investment officer for New York City.
Ontario Teachers’ Moves into Mortgage Insurance Business
AIG has sold its Canadian mortgage insurance unit to Ontario Teachers' Pension Plan.
Morgan Stanley Accused of Defrauding Investors
In the latest example of pension funds suing financial institutions, a Virgin Islands pension fund has sued Morgan Stanley over CDO sales.
The ai5000 Top Five Institutional Investment Stories of 2009
The Revelation of the Full Extent of American Endowment Problems Entering 2009, the world knew that trouble was afoot at America’s largest endowments. Reports were emerging from Yale, Princeton, Stanford, Harvard, and others as early as September 2008 that
Alaskan Mercer Suit Headed to Trial
(December 23, 2009) – Pension fund consultancy Mercer is headed to trial in Alaska over charges that it underestimated liabilities and then failed to admit theerror to the state’s pension and health plans for public employees. Mercer’s motion to