SEC to Investigate Rhode Island Pension Over Concerns About Disclosure
The US Securities and Exchange Commission (SEC) has signaled plans to investigate Rhode Island's pension, which has an unfunded liability of $5 billion.
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Illinois Attracts $3.7 Billion to Plug Pension Shortfall
Despite Illinois’ financial troubles, the state has received $6.1 billion in orders from a record 129 investors.
Institutional Investors Dominate Commodity Investments
A report by Barclays Capital has revealed that institutional investors are poised to dominate net inflows to commodity-related investments.
Singapore's GIC Calls US the 'Single Most Important Source of Global Prosperity'
Tony Tan, the Government of Singapore Investment Corp's (GIC) deputy chairman, has said that the sovereign wealth fund will continue to look to the US as a prime investment destination despite global economic turbulence.
State Street Notes Drop in Investor Confidence Spurred by Political Turmoil
State Street research shows investor confidence dropped in February on the heels of political turmoil.
Japan's GPIF Calls on Gov't to Rein in Mounting Public Debt
Chairman Takahiro Mitani of the world's largest pension fund has warned Japan that it must resolve its debt problems before it reaches a crucial point in five to 10 years.
PIMCO's Mohamed El-Erian Voices Concerns About a Tipping Point in the Middle East
Mohamed El-Erian writes that western countries will have trouble trying to offset short-term inflationary pressures in the Middle East.
Norway SWF Champions Southern European Bonds
Chief Executive of Norway's $513 billion Pension Fund Global Yngve Slyngstad believes measures that were taken during 2010 by European politicians were positive and believes yields on southern European countries' bonds will continue to improve in 2011 as a result.
Wisconsin Embraces HFs for the First Time
The State of Wisconsin Investment Board has made its first-ever allocation to hedge funds this week after months of reviewing managers.
CPPIB to Buy 50% of German Retailer, Highlighting Popularity of German Property Investments
The Canada Pension Plan Investment Board (CPPIB) has purchased 50% of German-based CentrO, Europe's biggest retail center.
NY Pension Scammer Heads to Prison for Pay-to-Play Scandal
Henry “Hank” Morris, chief political adviser to former state Comptroller Alan Hevesi, has been sentenced to up to four years in prison for his involvement in a pay-to-play kickback scheme over pension abuses.
Illinois to Postpone $3.7 Billion Taxable Pension Bond Issue
In order to give investors time to weed through budget proposals coming from Governor Pat Quinn, Illinois will delay its $3.7 billion taxable bond issue.
Survey Shows Managers Expect Biggest Gains From Small Asian Markets
A survey commissioned by RBC Capital Markets finds that money management executives expect Asian economies to enjoy the strongest growth in 2011.
In Signs of RE Rebound, Singapore SWF Offers $1.5 Billion for Bankrupt Resorts
The Government of Singapore Investment Corp. has offered to pay $1.5 billion to buy five resorts that include Grand Wailea Resort Hotel & Spa in Maui, Hawaii, and the Doral Golf Resort & Spa in Miami.
Obama Proposes Upping PBGC Insurance Costs With Risk-Based Pensions
President Barack Obama's budget proposal has urged risk-based pension premiums, which were once championed by the Bush administration.