PIMCO: Australia Should Capitalize on Resources Boom With SWF
Australia should create a sovereign wealth fund to help stabilize the economy and improve the bond market, PIMCO told Dow Jones.
Newsmakers
Preqin Blames Madoff for Hedge Fund-of-Fund Downfall
As the overall hedge fund-of-funds industry has dropped from $1.25 trillion in 2008 to $910 billion as of Q2 2011, Preqin blames the changes in the industry on Bernie Madoff, saying investor caution has heightened following his multi-billion Ponzi scheme.
After Initial Real Estate Purchase, Norway's SWF May Take Hiatus Till 2013
With $25 billion earmarked for real estate, Norway's sovereign wealth fund says there is no urgency to pursue the asset class as it anticipates better deals after 2013.
SSgA Says ETFs Gain Momentum Among Schemes; IMF Expresses Concern
ETFs have attracted $1.2 trillion since the launch of the first mainstream ETF a decade ago, and they're continuing to gain steam among institutional investors.
Harvard Professor: Sovereign Debt Crisis Will Force Bondholders to 'Take a Hit'
As fears intensify about whether Greece will be able to repay its debts, a forum sponsored by Mercer has highlighted that pensions -- typically large bondholders -- may be forced to take a loss on their investments as a result of the European sovereign debt crisis.
Harvard Endowment Expands Commodities Team
Harvard Management Company, which oversees the university’s $28 billion endowment, has hired Satu Parikh -- a top commodities trader.
Norway Boasts World's Safest Bonds
As investors have fled riskier assets for bonds in recent years, the International Monetary Fund has reported that only a handful of countries are really deemed as financially safe.
PIMCO's Gross Isn't Just Treasury-Neutral –- He's Shorting Them
Bill Gross, who for months has spoken openly of a Treasury bubble, is now short US government debt.
UK Funds Are Hampered by Carbon Rules, But Will US Funds Face Similar Pressures?
The answer: No.
The Battle Over Inflation
As institutional investors fret over threats of rising inflation, the Federal Reserve is easing fears.
For PE & VC Fundraising, US Up and Europe Down
Research from Dow Jones shows that in the US, private equity and venture capital fundraising has rebounded.
Endowment CIO: Lengthy Asset Allocation Process a Non-Issue
The head of the $920 million University of Kentucky Endowment Fund notes that the months-long process of implementing asset allocation changes is not a major issue for the fund, due to its long-term time horizons.
Norway's Finance Ministry Urges SWF to Lower Exposure to Europe
In an annual report on the management of Norway's Government Pension Fund Global, the government expressed plans to reduce exposure to European markets while increasing stakes in emerging markets.
SD Pension Recoups Investment Losses, Continues 'Focus on the Long-Term'
The $7.8 billion South Dakota Retirement System has recovered the entirety of its investment losses following the financial crisis, with the system's assets growing more than 23% since the state budget year began July 1.
CalPERS, CalSTRS Unleash Database to Aid in Corporate Board Searches
CalPERS and CalSTRS are establishing a new database of potential independent directors, offering companies a facility to recruit individuals for a director’s seat.