The $132 billion pension fund’s governing board will discuss implementing a radical new asset allocation that will divvy up the scheme's assets based on their characteristics - like sensitivity to inflation, stable return, or growth - rather than equity or debt.
A recent study by Greenwich Associates shows that almost half of managers said one or more of their hedge funds was below the asset peak it must return to before performance fees can be charged, as of the first quarter.
As volatility in institutional plan performance has nearly doubled over the past two years, US pension plans, endowments and foundations in the Northern Trust universe have rebounded from the median 4.7% loss three months earlier.
A study by Northern Trust has shown that firms with less than $3.6 billion under management gained 0.67% per year in their active large cap US equity portfolios for the five-year period, a higher return than larger firms or the S&P 500 Index, which was down –0.80% per year over the same period.
With only 24 of 73 pensions with assets over $1 billion currently considered funded, it's clear that serious issues need to be tackled, the report by Loop Capital Markets notes.
A report released this week shows the number and value of
acquisitions made by sovereign wealth funds followed by the Monitor
Group and Fondazione Eni Enrico Mattei (FEEM) doubled in the first half
of 2010, with SWFs spending the most money in Europe, which accounted
for 40% of the total expenditure, followed by North America, which
accounted for about a third of the total value of deals, or about $7.5
billion.
A new study concludes that raising the retirement age and increasing employee contributions is only the first step in addressing California’s mounting public pension liabilities.
A quarterly survey conducted by Northern Trust Global Advisors reveals that institutional investment managers see a double-dip recession as unlikely amid stabilizing markets.
A US Census Bureau report shows holdings of the 100 largest US public-employee retirement systems rose 6.8% for the 12 months through June, the first fiscal-year gain since 2007.
Figures released by the Pension Protection Fund show the funding shortfall faced by the UK's defined benefit pension schemes more than halved in September.
The Government Pension Investment Fund (GPIF), which holds about $1.4 trillion in assets, will pick both active and passive managers to invest in emerging markets for the first time.
The latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans, shows funded status increased by $67 billion during September.
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