News

CalPERS Delays $600 Million More From State

Citing a $19.1 billion budget deficit, the largest US public pension delays taking hundreds of millions of dollars more from the state to pay for employee retirement benefits next year.

TIAA-CREF Seeks Endowment Management

The New York-based retirement plan provider is looking for money managers from colleges and foundations and may announce the initiative as soon as this week.

SWFs Caution Against Investment Restrictions

Uncertainty is affecting investment policy and combined with the recent heightening of sovereign risk, is resulting in a highly complex operating environment for sovereign funds.

Nine State Investors Oppose Massey Directors

Poor safety records in regards to the April 5 explosion in West Virginia that killed 29 men and injured two have incited Massey Energy Inc. shareholders to rebel against the coal company.