State Street Study Predicts More M&A Deals Among European Asset Managers
The firm has found that continued M&A activity has been driven by downward pressure on fees and more scrutiny on the value of returns.
Asset Allocation
Research Reveals €1.9 Trillion European Pensions Gap
A new survey by Aviva, the UK’s second-biggest insurer, has found that the pensions gap in Europe is equivalent to 19% of the European Union’s 2010 GDP, providing evidence that unless individuals increase their saving for retirement the majority will face a seriously reduced standard of living.
DB Pension Deficits Have Worldwide Impact, Mercer Says
The consultancy group Mercer has revealed that accounting measures of the liabilities of defined benefit (DB) schemes in most developed economies have seen marked increases in liabilities due to declining corporate bond yields.
China's SWF Exudes Caution in Investing in Traditional Auto Industry
China's $300 billion sovereign wealth fund has stated it "has doubts" in investing in old line automakers and must instead invest in relatively conservative and stable industries "that will survive 50 years from now."
Towers Watson Study Shows LDI Gains Traction Among German Companies
Three-quarters of surveyed companies saw asset allocation to their liabilities as a 'major risk' for balance sheets.
NJ Pension Urged to Boost Alt Investments
Consultants told the State Investment Council that New Jersey’s pension fund should direct as much as 43% of its assets into alternatives, compared with the 19.3% allowed now.
US Funding Level Dips to Lowest Since 2003
A significant decrease in corporate bond interest rates has driven a $108 billion decrease in the funded status of the 100 large defined benefit plans tracked by Milliman.
Regulatory Pressures Give Alternative Asset Management Deals a Boost
In
the first six months of this year, the number of mergers and
acquisitions worldwide has jumped 22% from the same period in 2009,
spurred by major regulatory initiatives, a recent study by Freeman &
Co. reveals.
Institutions Significantly Shift to Global Equity Markets
New research from Goldman Sachs shows pension funds and other institutional investors based in developed markets could raise their emerging markets equity weighting in the next two decades.
Weak Stock Market, Falling Interest Rates Damper US Corporate Pension Funding
A report by BNY Mellon Asset Management shows pensions are suffering from their lowest funding level in four years.
CalPERS Lowers Risk in Bond Portfolio; Revises Placement Agent Disclosure
The nation's largest pension is seeking to cut risk in its $46 billion bond portfolio by 50%.
Aging Population Pushes Japan Oversees for Infrastructure
Japan's private pensions, which
oversee more than JPY60 trillion, are in search of a reliable stream of
returns to meet the retirement needs of the world’s fastest-aging
population.
Study: Global Retirement Market to Grow 66% by 2020
Despite the financial crisis, the global
retirement market is expected to grow over the next decade, with total
pension assets increasing from €22 trillion to €36 trillion.
Northern Trust Opens Beijing Branch
The bank and asset manager has been given permission by the Chinese government to open a new custody office for institutional clients in Beijing.
Survey: Sentiment for US Stocks Among HF Managers Grows Bearish
Amid concern about slowing economic growth, a new survey shows more than a third of managers are increasingly bearish about the US stock market and upbeat on 10-year Treasuries.