Verizon Retirees Sue to Block Pension-Risk Transfer
The handover to Prudential strips members of ERISA and PBGC protection, which, the retirees argue, leaves them shouldering extra risk.
News Archive: Nov - 2012
Your Contract or Mine?
A paper out of Oxford and Stanford gives the pros and cons of London vs. offshore, and standard vs. custom when it comes to contracts.
Why Private Equity 'Collusion' Is Not Always a Danger
Morten Sorensen, a finance professor at Columbia Business School, analyzes the implications of a class-action lawsuit, alleging that Blackstone, Kohlberg Kravis Roberts (KKR), and Bain Capital Partners allegedly colluded to lower the prices of takeover targets--and what it all means for the private equity industry.
PPF Broadens Its Investment Horizons
Farmland and timberland are now separate asset classes, the UK's Pension Protection Fund has asserted in its revised investment principles.
Financiers Admit: Lots of Us Are Corrupt
Nearly one in three feel pressured to violate the law or their own ethics, according to a survey, and one quarter believe it’s necessary to get ahead.
Harvard Students to Endowment: 'Ditch Fossil Fuels!'
Harvard's students are pressing for the university endowment to shed its fossil fuel investments.
Making His Mark Across the Atlantic
Canadian central bank head Mark Carney is taking the top spot at the Bank of England. Institutional investors see it as a step in the right direction.
Ex-Employee Claims Overcharging Was “Accepted Business Practice” at State Street
A lawyer for Edward Pennings, formerly of the bank’s transition management unit, said his client was only following standard practices; State Street vigorously disputes the claim, labeling the dismissed employee a “liar.”
Investors Weigh in on OECD's Dire Economic Outlook
The Organisation for Economic Cooperation and Development (OECD) sees 2013 global growth of 2.9%, down from 3.4%, so how will that impact institutional investors?
Column: Is LDI Dead? No, It’s Evolving.
From aiCIO's November Issue: Despite sounding like an obvious step to some, misconceptions have traditionally been the barrier to LDI.
Column: The European (LDI) Experience
From aiCIO's November Issue: Governance is part of the equation too.
LDI: Does It Make the CAPM a CRAPM?
From aiCIO's November Issue: A column scrutinizing the impact of the Capital Asset Pricing Model (CAPM) on asset management.
Column: The Institutional Elephant
From aiCIOs November Issue: How investors are evaluating an equity-centric policy.
Column: The Death of (Most) Asset Managers
From aiCIO's November Issue: “I seen the future, but I got nothin’ in my hand.” —Die Antwoord
Looking Elsewhere
From aiCIO's November Issue: Why some corporate pension plans are choosing other routes to meet their liabilities. Leanna Orr reports