Odyssey Investment Partners LLC and HFV Management LP have reached agreements with New York Attorney General Andrew Cuomo that resolve probes of their involvement with pay-to-play at the state pension fund.
Following a nearly year-long review, the biggest US public pension has OK'ed a new asset allocation to position the fund for better risk-adjusted performance.
A new report by EarthRights International (ERI) has shown how the Norwegian Government Pension Fund Global has $4.7 billion invested in 15 oil and gas companies from eight countries operating in Myanmar, putting Norway in violation of its own Ethical Guidelines for responsible investment.
In the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pensions, the global consulting and actuarial firm showed these plans experienced a $22 billion decrease in pension funded status for the month of November.
A legal firm hired to scrutinize the CalPERS’ staffing and conflict-of-interest issues has recommended barring employees from leaving for asset management firms with ties to the pension giant.
While lawsuits over allegedly imprudent cash-collateral reinvestment programs continue to work their way through the courts, a Senate subcommittee has reportedly started an investigation into securities lending providers.
From aiCIO Magazine: Editor-at-Large Joe Flood executes the ultimate tie-in-reviewing a book on the roots of innovation (whose author shares an editor with Flood) two weeks after our Industry Innovation Awards. Kudos, Flood.
Strategy + Tactics from aiCIO Magazine: "We call it a capital preservation philosophy," notes Theodore Economou, the
pension head at the European Organization for Nuclear Research (CERN),
echoing Benjamin Graham's mantra that to win, the first thing you have to do is not lose. "Losing money is not okay."
From aiCIO Magazine: This is the new era of fund administration—the ‘Yes We Do’ era, not just
for administrators, but for managers, as well as end investors. Bonnie Scott reports.
From aiCIO Magazine: It is a curious twist of historical fate: Two bodies established to
enshrine the past of an impoverished nation are the forerunners of a
very wealthy future. Nick Lord reports.
The Consultant Corner from aiCIO Magazine: As the consultant industry—an expensive, time-consuming, litigious space—continues to shift, one can't help wonder if other firms will follow Mercer's lead in a clustering effect, spurred by fear of being the last out. aiCIO Senior Editor Paula Vasan reports.
From aiCIO Magazine: CalSTRS is quietly undermining public funds’ staid image with a unit focused exclusively on testing new investment strategies. aiCIO Editor-in-Chief Kip McDaniel reports.
From aiCIO Magazine: With 52% of world reserve supply, the Canadian government, along with the Potash Corporation of Saskatchewan and two minor producers, collude to keep potash prices artificially high. Editor-in-Chief Kip McDaniel reports.
From aiCIO Magazine: Is the failure to rebalance an institutional portfolio “the height of irresponsibility,” or, as some think, not a failure at all? Joe Flood reports.
