Survey: Pensions Increase Funds Scrutiny; Assets Shift
Review signals widespread review of managers and revised asset allocation.
News
Abu Dhabi SWF Will Refine Its Investment Stategy
U.S. treasuries will remain a key diversification tool.
Report: Private Equity Fundraising Has Gloomy Expectations for 2010
After a dismal 2009, the private equity space still looks bleak.
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.