Secretive SWFs Meet in Sydney
More than 24 sovereign wealth funds will meet in Sydney this week
for a three-day closed conference.
News
California Sues Two Former CalPERS Heads
The state is suing California pension fund officials Federico
Buenrostro Jr. and Alfred R. Villalobos for their role in an alleged
scheme to obtain business for investment firms, providing pension
officials with luxury trips and other gifts.
Why Institutional Investors Are Increasingly Using ETFs
A report by State Street Global Advisors (SSgA) reveals insurance
companies, pension funds and endowments are becoming more receptive to
ETFs.
CalPERS Case Against Rating Agencies Proceeds
The agencies all gave "triple-A" ratings to several structured investment vehicles that collapsed in 2007 and 2008.
UK Pension Deficits Stand at £210 Billion
New findings by Pension
Capital Strategies show 2010 will be a tough year for UK pension
schemes.
PBGC Accused of Lax Controls; Faces $12.9 Billion Deficit
Auditors found that PBGC, which protects workers’ benefits when a company defaults on its pension plans, suffered from a "material weakness," the accounting equivalent of an F grade.
Pension Funds vs. Buffett in Goldman Battle
US pension funds and other shareholders have aggressively sued
Goldman Sachs in the wake of SEC fraud charges, but the Oracle of Omaha
defends the bank's credibility.
Peru's Largest Pension Raises Investment in Emerging Markets
Higher returns on investment by Peru's
four pension funds have
caused them to seek an increase in the limit on their oversees
investments.
DB, DC Funds Could Suffer From Swap Regs; FDIC Chairman Slams Derivatives Spinoffs
Pension industry lobbyists have been
trying to persuade Senate leaders to change and clarify the legislative
provisions that would negatively impact pension fund swaps; the FDIC's
Sheila Bair opposes segregation of swaps units.
Judge Tosses Out Former Pension Fund CIO's Fraud Case in New Mexico
District Judge Stephen Pfeffer dismissed the
pay-to-play lawsuit filed by Frank Foy, former CIO for the New Mexico
Educational Retirement Board.
Emails Show Credit Default Swaps Led to Harvard Loss, Goldman Gain
The nation's oldest
and richest university entered the $500 million credit default swap
market.
Study: Pensions See Biggest Jumps in Fixed Income, Bonds, Property
A new study by Mercer shows manager searches have recovered to
pre-crisis levels, with Australia, UK and Continental Europe seeing the
most significant increases.
PE Secondary Market Poised for Growth in 2010
A new survey by alternatives services and research company
Preqin shows deal volume is expected to increase on the secondary
private equity market.
US Institutional Plan Sponsors See Moderate Gains
Northern Trust reports that institutional investors posted
solid returns in the first quarter of 2010.
Dutch Pension Drops Goldman, Citing Falling Performance
Fund’s statement says Goldman
failed to meet expectations, yet does not refer to the civil fraud
charges filed April 16 against the U.S. bank.