Pensions consultancy Lane Clark & Peacock predicts pension fund
'buyout' deals, where insurance companies takeover schemes' risk, are
set to be about twice as popular this year as in 2009, but insurers may
run out of capital.
New York Attorney General Andrew M. Cuomo's civil suit
against Ivy Asset Management and two senior executives
puts asset
managers on the hot seat, yet the execs say they
plan to fight the allegations.
MetLife Assurance surveyed defined benefit pension
scheme sponsors and trustees to understand how they viewed certain
investment, liability and business risks.
Alfred R. Villalobos, a former CalPERS official accused of serving as
a placement agent, denied fraud accusations in a statement yesterday,
saying the attorney general's suit against him was filled with
significant factual errors.
The largest U.S. public pension fund said it believes if the Goldman chair is not the CEO, the board may be able to exercise stronger oversight of management; Goldman CEO Lloyd Blankfein faced shareholders at the annual meeting Friday in New York.
Yngve Slyngstad, head of Norges Bank Investment
Management, the central bank’s asset management arm, said he sees market
turmoil as an opportunity and not a threat.
The Conservatives, headed by David Cameron, lead Labour in the seat count in the House of Commons, but exit polls suggested that Conservatives would fall short of the 326 seats needed to form a majority by about 20 votes.
The state is suing California pension fund officials Federico
Buenrostro Jr. and Alfred R. Villalobos for their role in an alleged
scheme to obtain business for investment firms, providing pension
officials with luxury trips and other gifts.