Fund loses billions in public money. Retirees worry about rent payments. Managers rake in million. Public is outraged. Rinse. Repeat. A look at Quebec’s Caisse de Depot pension fund. Jordan Milne reports.
During the best of times and the worst of times, people will continue
to drink, smoke, gamble and fight. Here’s an assessment of the Vice
Fund portfolio, firsthand. Paula Vasan reports.
The conditional offer marks the Toronto-based fund
manager's
second attempt to purchase an Australian toll road operator, following a
failed
bid to take control of Transurban Group in May.
A study shows that even though pension assets in Organisation for
Economic Co-operation and Development (OECD) countries remain below
December 2007 levels, some countries. such as Hungary and Norway, have
already recuperated completely from 2008 losses.
A new study by consulting firm Mercer shows US pension deficits have reached a record high, revealing a downturn in pension health that erases gains achieved since January 2009.
While MassPRIM told ai5000 that they are not currently taking action following the unanimous vote late last month by the SEC to curtail so-called “pay-to-play” schemes, a variety of public pension funds are working to adopt policies limiting the use of placement agents.
BP Chief Executive Tony Hayward’s tour of the Gulf last week increased speculation that the company is looking for investment from sovereign wealth funds (SWFs) and other state entities in the region, yet Abu Dhabi is reluctant to invest in the company, a report said.
Allocations to alternative assets -- specifically to commodities and
infrastructure -- have continued to rise and now account for 17% of all
pension fund assets globally, up from 6% ten years ago, Towers Watson
research reveals.
