PAAMCo Refutes Allegations It Misled Investors Over Women-Owned Status
Pacific Alternative Asset Management Company (PAAMCo) is in the spotlight over whether it was "designed to mislead" by appearing as a women-owned business.
News
Milken Institute Says California’s Public Pensions Need Overhaul to Address Funding Shortfalls
A new study concludes that raising the retirement age and increasing employee contributions is only the first step in addressing California’s mounting public pension liabilities.
Pittsburgh City Council Turns Down Parking Lease Plan
The council has rejected Mayor Luke Ravenstahl's proposal to lease parking assets for a pension bailout.
Canada Funds Seek to Thwart Stake in Potash
Canada's pensions are looking to swoop in to purchase a 30% stake in Potash Corp. to maintain control of the fertilizer company in Canada while at the same time encouraging Chinese investment.
Survey Shows World's Largest Insurance Companies Lean on Outside Expertise
A new study shows the world's largest insurance companies are placing greater value on outside expertise to oversee their investments.
Survey: US Public Pensions Skimp on Risk Management Staffs
A new study shows that when compared to funds around the world, US public pensions have the fewest full-time risk management employees on average.
Mercer Reevaluates DB Investment Consulting Work for US Public Sector Plans
The consultant firm is establishing limits of liability to curb risk.
New York State Common Retirement Fund Backs Out From Morgan Stanley
Following news of expected losses, the New York State pension reneged on a $300 million commitment to Morgan Stanley’s real estate investing group.
The Saga Continues: Flash Crash Controversy
Two weeks ago, the Securities Exchange Commission and Commodity
Futures Trading Commission revealed the possible causes of the May 6th
Flash Crash. Since you can't stop traders from making bad trades, what's
to stop another Flash Crash from happening tomorrow? aiCIO's Joe Flood
reports.
Northern Trust Reveals Growing Optimism Among Institutional Investment Managers
A quarterly survey conducted by Northern Trust Global Advisors reveals that institutional investment managers see a double-dip recession as unlikely amid stabilizing markets.
LGIM Says Institutional Activism Will Improve on Heels of Stewardship Code
Andy Banks, head of corporate governance at Legal & General
Investment Management (LGIM), says the UK's Stewardship Code has given
shareholders the essential ability to consult with each other when
issues arise at companies in which they invest.
First Fiscal-Year Gain for US Public Plans Since 2007
A US Census Bureau report shows holdings of the 100 largest US public-employee retirement systems rose 6.8% for the 12 months through June, the first fiscal-year gain since 2007.
aiCIO Editorial: DE Shaw and the Lost City of El Dora-Dough
DE shaw is getting some flack for a Southwestern real estate misadventure.
UK Pension Funding Shortfall More Than Halved in September
Figures released by the Pension Protection Fund show the funding shortfall faced by the UK's defined benefit pension schemes more than halved in September.
South Korea Pension and KKR Join Forces to Buy Chevron Pipeline Stake
The National Pension Service, the fourth-largest pension in the world, has partnered with US private equity firm Kohlberg Kravis Roberts & Co. to acquire oil giant Chevron’s 23.4% stake in Colonial Oil Pipeline Company.