Pensions Should Follow the Leads of CalPERS and Utah Retirement Systems Over HF Fees
Research house Lipper is encouraging schemes to demand greater explanation and justification on hedge fund fees.
News Archive: Aug - 2010
PBGC Sees Hike in Multiemployer Benefit Payments Ahead
The US public body that insures pensions says it expects five-fold rise in multiemployer benefit payments.
Number of FTSE Firms Providing Final Salary Benefits Drops
Researchers have found that the number of defined benefit pension schemes in the UK has continued to plummet over the past year.
Schwarzenegger to Borrow $2 Billion From CalPERS
Governor Arnold Schwarzenegger has privately proposed borrowing from CalPERS to help ameliorate California's $19 billion budget deficit.
PE and Infrastructure Spur Growth of Caisse de Depot in H1
Caisse says it was able to beat the average loss of Canadian pensions
for the first half of 2010 by focusing on fixed income and alternative assets,
while reducing holdings of stocks.
Korean Pension Service Acquires 51% Interest in Paris Shopping Center
Mall owner Hammerson has sold more than
half of its interest in the O'Parinor Shopping
Centre near Paris to Korea's National Pension Service, freeing $278 million for
planned investment.
CIC May Select China's Biggest Fund Manager to Oversee Investments
The selection would mark the first time the China Investment
Corp (CIC) picked a Chinese firm to manage money on its behalf.
New Jersey Settles SEC Pension Fraud Charges
In the first suit by the Securities and Exchange Commission (SEC) against a state for securities fraud, the regulator claimed that when New Jersey issued $26 billion in bonds between 2001 and 2007, it fraudulently and erroneously portrayed its pension funds as adequately funded.
Survey Shows Investor Pessimism Shifts to Japan, US
A new study shows fund managers are moving out of Japan and the US and into Europe.
Survey: Infrastructure Investors Step Up Investment; Find PE Model Inappropriate
While more investors are looking to invest in the asset class, many are questioning whether the management fees and fund carry structure of private equity are appropriate.
In Quest for Growth, Netherlands Pension Manager to Up Asian Property Investment
Seeking to benefit from rising housing demand in the world's fastest-growing regions, the asset manager for Netherlands' largest pension fund will increase property investments in Asia.
Legislation to Require Disclosure of Campaign Donations for CA Pension Boards
As pension funds face intense scrutiny and speculation for improper influence of board members and execs, lawmakers have been considering disclosure for California's pension boards.
Nominations Now Open for 2010 ai5000 Industry Innovation Awards
Industry Innovation Awards for the world's top asset owners, including endowments, foundations, pensions, insurance, and sovereign wealth funds.
Connecticut, Montana Pensions Plan Asset-Liability Reviews
Connecticut will carry out an asset allocation and liability study for each of its six state pension funds, while the Montana Board of Investments has commissioned an asset-liability study for the $2.5 billion Montana Teachers' Retirement System.
After Chapter 11, PBGC Assumes Responsibility for Chicago Sun-Times Pensions
After the Sun-Times and its units filed for bankruptcy protection in March 2009, the company sold nearly all of its assets -- PBGC has stepped in to assume responsibility.