NJ Pension Urged to Boost Alt Investments
Consultants told the State Investment Council that New Jersey’s pension fund should direct as much as 43% of its assets into alternatives, compared with the 19.3% allowed now.
News
Ex-Intrepid Museum Chief to Pay $1 Million in Cuomo's Pension Probe
Bill White, the former president of the Intrepid Sea, Air and Space Museum, has agreed to pay $1 million to end the investigation of his role in funneling investments to the New York's Common Retirement fund.
Schwarzenegger Drops $2 Billion State Loan Proposal From CalPERS
California
Governor Arnold Schwarzenegger has dropped a proposal for the state's
pension fund to lend the state government $2 billion to help shrink its
budget gap.
US Funding Level Dips to Lowest Since 2003
A significant decrease in corporate bond interest rates has driven a $108 billion decrease in the funded status of the 100 large defined benefit plans tracked by Milliman.
China's SWF and Exim Bank Team Up in $1 Billion PE Fund
The investment in the fund, which will target Southeast Asian infrastructure and new energy projects, is yet another sign of China's heightened financial importance in the region.
Regulatory Pressures Give Alternative Asset Management Deals a Boost
In
the first six months of this year, the number of mergers and
acquisitions worldwide has jumped 22% from the same period in 2009,
spurred by major regulatory initiatives, a recent study by Freeman &
Co. reveals.
Investors Say Stock Exchanges Need a Revised Strategy With Required ESG Reports
A coalition of investors is putting pressure on stock exchanges to require listed companies to report how environmental, social and governance (ESG) factors into their business strategies.
PIMCo to Launch Up to Five New Equity Strategies
With the launch of its first active equities fund in April, PIMCo is planning to offer four or five additional global equity strategies in the next few years.
Wisconsin Pension Transfers Assets in-House
The $69.2 billion State of Wisconsin Investment Board is looking to move externally managed international equity assets in-house to save on costs.
Institutions Significantly Shift to Global Equity Markets
New research from Goldman Sachs shows pension funds and other institutional investors based in developed markets could raise their emerging markets equity weighting in the next two decades.
Norway's Sovereign Wealth Fund Buys Eurozone Bonds
Norway's finance minister indicated that the country has bought peripheral European bonds.
Harvard Endowment Sees 11% Return
The Cambridge, Massachusetts-based university's return in the year to June outpaced its own benchmark, reaffirming its belief in the endowment model of investing.
Weak Stock Market, Falling Interest Rates Damper US Corporate Pension Funding
A report by BNY Mellon Asset Management shows pensions are suffering from their lowest funding level in four years.
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.
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.