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.
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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
With Goldman Lawsuit, Populism Reaches Pension Funds
Financial giant Goldman Sachs has been sued by a $5.8 billion union pension plan over its alleged use of TARP and FDIC-backed funds to pay executive bonuses.
Pension Fund Manager: Fearing Inflation, Institutions Will Turn to Gold
The director of global research at America’s seventh largest public pension is predicting that many of his peers will turn to gold to hedge against currency devaluation and inflation.
State Street, Accused of Cheating California Pension Giants, Is Sued
The bank is accused of inflating prices on foreign exchange trades for CalPERS and CalSTRS, two of the largest pension funds in America.
Facing Possible Liquidity Issues, Stanford Initiates Private Equity Sale
Although the university is claiming that it doesn’t need the cash, Stanford has initiated a sale of up to $1 billion in private equity stakes in the secondary markets.
In Signs of Change, CPPIB Goes for Growth
Often focusing more on infrastructure—dams, roads, railways—the Canadian Pension Plan (CPP) has joined forces with venture capitalists to buy Internet communications company Skype, possibly signaling a move toward riskier assets for Canada’s large defined benefit plans.
The Accidental Billionaires
Mark Zuckerberg -- the founder of Facebook and now young billionaire -- is the newest subject for pop-author Ben Mezrich.