CIC 'Eagerly Awaiting' Gov't Funding
Wang Jianxi, executive vice president of the China Investment Corp., has said he is awaiting a government fund injection while warning about the inflationary problems in emerging markets, calling them "serious."
News
NY Police Pension Finally Ventures Into HFs
New York City has approved an investment of $23 million from the police pension fund into a hedge fund-of-funds.
South Korea's National Pension Service Joins Consortium to Buy Brazil Miner Stake
Posco, the world’s third-biggest steelmaker, and South Korea’s National Pension Service, will buy a combined 15% stake in a Brazilian niobium producer with a group of Japanese companies.
SWFs View Mid-East Conflict as Nonthreatening, Opportunity in Commercial RE
Patrick Thomson, head of J.P. Morgan Asset Management's sovereign wealth fund client group, notes that he sees opportunity in real estate and that as a long-term investor, conflict in the Middle East has not spurred huge changes in investment policy.
Mercer Shows S&P 1500 Pension Deficits Fall $14 Billion
Mercer's latest research has shown that the funding deficit has been cut nearly in half from August 2010 low of $500 billion.
Russell's '$20 Billion Club' Sees Sharp Increase in Assets, Liabilities
According to a report from Russell Investments, public corporations with worldwide defined benefit plan liabilities of more than $20 billion each experienced a large increase in both assets and liabilities in 2010.
Following PIMCO's El-Erian, Warren Buffett Discourages QE2
Warren Buffett thinks the US does not need another round of quantitative easing, saying that we've already had "massive" government stimulus.
Moody's Foresees Dire Future for NJ Pension
Even with New Jersey Gov. Chris Christie’s proposed public pension reforms, Moody’s Investors Service warned that the state's pension system, which is already the 7th-lowest funded in the US, will continue to deteriorate.
HFs Emerge Victorious With $28 Billion in Profit
The top 10 hedge funds, measured by total dollar returns since they started, made profits for their investors of $28 billion in the second half of last year.
PIMCO's El-Erian Says the Fed Must Exit QE2
Mohamed El-Erian, CEO and co-CIO of the Pacific Investment Management Co. (PIMCO), told CNBC that the US economy must learn how to survive independently, without artificial stimulus.
US Corporates Worry Over Liabilities, Respond with LDI Focus
According to a MetLife report, underfunded liabilities are the most important risk facing US corporate defined benefit plans.
Catastrophe Bonds in Demand for Pensions
As pension funds are demanding greater investment in catastrophe bonds, Europe’s second-biggest insurer has revealed that its funds investing in catastrophic bonds may more than triple.
OMERS Seeks Private Pension Plans; Achieves 12% Return for 2010
The Ontario Municipal Employees Retirement System, which earned a 12% return last year as its net assets grew to $53.3 billion, is seeking to compete against banks and insurers to administer the new pooled registered pension plans (PRPPs).
Bond Investor Glamour Is Over, Report Says
New research in the Credit Suisse Global Investment Returns Yearbook 2010 by professors from London Business School has shown that over the long run, equities have outperformed inflation, bonds and cash in every market examined.
Louisiana Pension Sues NYSE, Says Proposed Deal 'Won't Offer Fair Price'
In an effort to stop a planned $9.53 billion sale to Deutsche Boerse AG, the Louisiana Municipal Police Employees’ Retirement System has sued NYSE Euronext.