Moody's Says Pension Holes May Hurt US State Ratings
Moody’s Investors Service has said in a report that pension obligations will continue to weigh on states’ credit ratings.
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IMF Says Sovereign Wealth Funds Must Review Investment Objectives
A report issued by the International Monetary Fund (IMF) has argued that sovereign wealth funds should engage in regular macro-risk assessments, stressing the continued importance of these large pools of capital as stabilizers in international markets and major players in global regulatory reform.
AIMCo Snatches Aussie Timber
In one of the largest forestry estate transactions in Australia, Alberta Investment Management Corporation (AIMCo) has agreed to acquire, together with partner Australia New Zealand Forest Fund (ANZFF), the timberland assets of Great Southern Plantations (GSP) for a total purchase price of $417 million.
Northern Trust Shows US Institutional Investors Enjoyed Strong Returns in 2010
For the second consecutive year, Northern Trust announced that US institutional investment plan sponsors had positive investment performance.
State Street Says Institutional Investor Confidence Is Waning
The money manager's index, which uses 100 as a neutral reading, has found that investor confidence dropped 3.3 points to 100.9 in January from 104.2 in December.
Dutch Asset Managers APG and PGGM Sell Equity Arm to Carlyle
As private equity firms aim to become increasingly diversified asset managers following the financial crisis, Carlyle Group has agreed to buy AlpInvest Partners to expand its asset management operations.
SEC Adopts Say-on-Pay for Shareholders
The Securities and Exchange Commission has adopted rules concerning shareholder approval of executive compensation and "golden parachute" arrangements.
Venture Cap Investment Deals on the Rise
A new report shows the amount of money invested by venture capital firms was up 19% from 2009, with the number of deals 12% higher than 2008.
Pensions Champion Emerging Market Debt
A new survey by Pensions Week has shown that emerging debt has trumped developed debt.
Governors Nationwide Fight to Tackle 'Pension Bomb'
In the face of escalating fiscal problems around the country, governors are upping their rhetoric on pension reform in an effort to tackle heightened costs.
Misunderstandings Over Pensions Create 'Unnecessary Alarm'
A report from the Center on Budget and Policy Priorities has concluded that misunderstandings regarding state debt, pensions, and retiree health costs are exaggerated.
CalPERS, CalSTRS Post Double-Digit Investment Returns
Both the $226.6 billion California Public Employees' Retirement System (CalPERS) and the $146.4 billion California State Teachers' Retirement System (CalSTRS) have achieved returns of more than 12% in 2010.
Survey: Canadian DB Pensions to Suffer Continued Funding Shortfall
With a low interest rate environment expected to continue, a survey by Towers Watson expects there will be further delay before many Canadian defined benefit (DB) pension plans become fully funded.
UK's Pension Corp Offloads $799 Million in Longevity Risk to Free Capital
The Pension Insurance Corporation (PIC) has offloaded millions of dollars worth in risks as it seeks to free up capital, positioning itself to better compete for new business in the UK.
Survey Shows Securities Lending Revenue Likely to Decline
A survey of public and private pension plans with $2.23 trillion in combined assets shows that a majority of pension executives are doubtful about the growth of securities lending revenue, as plan sponsors increasingly view securities lending as an investment product.