GIC's Logistics Unit Set to Raise Up to $3 Billion in IPO
The initial public offering of Global Logistic Properties (GLP) aims
to raise up to $3 billion in what could be Singapore's biggest IPO.
News
After Settled SEC Suit, Goldman Battles $27 Million CDO Probe by British Regulators
Following
Goldman Sachs' $550 million settlement with the US Securities and
Exchange Commission, the bank faces yet another fine, this time by the
UK's Financial Services Authority.
CPPIB, Onex to Raise $1.6 Billion of Leveraged Loans for Tomkins Deal
Canada Pension Plan Investment Board and Onex Corp., the nation’s
biggest buyout firm, seek a $1.6 billion buyout loan as part of a debt
package to fund their buyout of Tomkins Plc, two people familiar with
the situation told Bloomberg.
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%.
UN Principles for Responsible Investment Boasts 800 Signatories
More than 200 asset owners have signed up.
Chinese Regulator Allows Insurers to Dip Their Feet Into PE and Real Estate
China has approved insurers to hold stakes and invest in private equity and property of privately-held companies to ease insurers' investment pressure and diversify risks, according to the the China Insurance Regulatory Commission.
ADIA Hires Former GM Economist to Improve Investment Decisions
Ted Chu has left Detroit-based US car giant General Motors to join the Abu Dhabi Investment Authority as its chief economist.
Chief of New Mexico Pension Resigns
Bruce Malott, the chairman of New Mexico's educational pension fund, resigned after a disclosure that he borrowed $350,000 from the father of a man who shared in as much as $22 million in finder’s fees from state investments.
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.
Pay Scandals Encourage CA Bill to Tackle Inflated Pensions
In response to pay scandals in the Los Angeles city of Bell, California lawmakers advanced legislation early this week to curb "pension spiking" in the state´s two largest pension systems.
Pension Insurance Corp. Serves as Lifeboat for Alliance Boots
Alliance Boots has outsourced part of its pension plan by offloading
about £300 million of retirement fund liabilities to Pension
Corporation.
Aon's Investment Consulting Group Surpasses $1 Billion
The company's growth in assets under management for its US clients
reflects its effort to expand into human resources consulting worldwide.
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.