MOSERS Achieves 18.5% Investment Return in 2009
The Missouri fund’s value has
strengthened since the economic collapse of 2008, with retirement fund
assets now at nearly $7 billion.
Newsmakers
Venture Capital Returns Continue to Plummet
The 10-year return, the most frequently cited metric to gauge the
health of venture capital firms, declined 8.4% for the period ending
September 30, 2009.
Obama's 2011 Budget: Tax Increases for Hedge Fund and Private Equity
President Barack
Obama is proposing to have carried interest earned by hedge fund and
private
equity
fund managers taxed as ordinary income.
LACERA Terminates Mandates With Blackrock and Goldman
At its January 13 board meeting, the LA retirement association
dropped Blackrock and Goldman mandates because of lagging performance.
Canada Pension Fund's Takeover Report Shows Infrastructure Appeal
The
potential takeover of Northumbrian by its largest shareholder
illustrates the lure of infrastructure to
investors seeking long-term stable cashflows.
Davos: SWFs Turn More Activist; May Be Key Toward a Clean-Tech Future
While demands SWFs make as shareholders could help improve returns
for all parties, they could also reflect politically motivated
influence.
Private-Equity Rebound Boosts Insurance Funds
The gains of Chubb
Corp. and Travelers Cos. show alternative investments flourished
in the fourth
quarter.
CalSTRS Suffers From $42.6 Billion Funding Shortfall; CEO Jack Ehnes Heads to Davos
Following CalPERS controversy, another California fund
reports more bad news.
Hermes Private Equity Launches £125 Million Green Fund
The environmental fund is part of a British government scheme
to invest in technology-based firms with high growth potential.
Canada’s Caisse: A Year of “Painful Transition” and Real Estate Losses
Despite a grim year for Canada's largest pension fund, Caisse is much healthier than it was a year ago, says CEO.
Northern Trust: Corporate Plans Rank No. 1 in '09 Returns
Corporate plans led the pack in robust 2009 returns, driven by higher-risk asset classes.
Goldman Closes Quant Hedge Fund; Litterman Retires
Ahead of President Obama’s call to limit proprietary trading at banks, quantitative hedge-fund group chairman retires.
Japan's Internal Minister Seeks Higher Returns by World’s Largest Public Fund
After the GPIF's rate of return on its investments fell to 10.3%, a record loss of 9.7 trillion yen ($108 billion), Japan’s internal minister calls for a review and more aggressive investment.
Norway Turns Its Back on Tobacco Companies
Norway blacklists 17 tobacco companies from its sovereign wealth fund.
Bonuses Slashed at Missouri's Government Pension System
Gary Findlay, the system’s executive director, calls bonuses “poison.”