US Pension Deficits Near Record High
A new study by consulting firm Mercer shows US pension deficits have reached a record high, revealing a downturn in pension health that erases gains achieved since January 2009.
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Norway's SWF Expands Investments in Asia
The fund is following a trend among sovereign wealth investors boosting investments in the Asia-Pacific region.
State Street Sues Former Execs Over 'Employee Raid'
The firm's suit alleges that three of its former executives violated agreements they signed regarding confidential information they gained about State Street’s securities lending business in the course of their employment.
SEC Ruling Curtails Political Contributions From Managers
US regulators voted 5-0 at a meeting in Washington to limit contributions after pay-to-play scandals.
CalSTRS to Pursue Microfinance Investments
The second-largest public pension scheme in the US, with $132.5 billion under management, may follow the lead of Dutch funds.
CalPERS Board Removes Shareholder Proposal Limit
The largest US pension fund
voted to
lift the limit on the number of shareholder proposals its staff can
issue and announced plans to increase the accountability of
directors through a majority vote policy.
Plans Increasingly Consider Risk-Parity
Sources say the San Diego Country Employees Retirement Association is leveraging its fixed-income portfolio to create 'risk parity', continuing a trend among pension funds.
Hermes on the Lookout for Long-Term Institutional Investors
Hermes opens its three commodities funds.
Australia’s SWF Turns to Timber
The Future Fund plans to include timber in its allocation to “tangible assets,” which to date have only included real estate and infrastructure.
Tough Times for Hedge Funds and Private Equity, EU Still Divided
Hedge funds and private equity firms face profit crunch, EU states still split on regulations in Europe, aimed at enforcing restrictions on the industry.
SWF Assets to Rise by End of 2012, With Shift Abroad
After total assets under management at SWFs declined 3% in 2009 to $3.8 trillion, a new report expects a rosy outlook ahead.
Study: Asia Becoming a Home for Asset Owners
According to the study by Cerulli Associates, Asia will most likely emerge as the largest asset management region in the world outside the US.
CalPERS May Cut Its Projected Rate-of-Return
The
giant pension fund’s potential decision to slash its rate of return
could force California governments to struggle paying millions more each
year to provide employees with pensions.
New Hedge Fund Rules to Prevent Secrecy
Hedge funds will need to disclose detailed information about their trading positions to international regulators.
Spurred by Placement Agent Controversy, CalPERS CIO Voices New Effort; New York’s CIO Eases Placement Agent Ban
CalPERS' Joseph Dear says emerging money managers don’t need placement agents to get hired by the fund giant; New York’s CIO Schloss takes the lead on placement agent relationships.