PIMCO's Mohamed El-Erian Voices Concerns About a Tipping Point in the Middle East
Mohamed El-Erian writes that western countries will have trouble trying to offset short-term inflationary pressures in the Middle East.
News Archive: Feb - 2011
Report Shows UK Pension Managers Charge 11% Increase in Fees, Often Without Adding Value
A study based on fund managers overseeing 80% of UK pension scheme assets shows that in the year to September 30, market performance alone accounted for an 11% increase in management fees.
Aussie Superannuation Funds Set to Achieve Double-Digit Growth
Research shows that Australian superannuation funds gained ground in January as US share markets continued their strong run.
Norway SWF Champions Southern European Bonds
Chief Executive of Norway's $513 billion Pension Fund Global Yngve Slyngstad believes measures that were taken during 2010 by European politicians were positive and believes yields on southern European countries' bonds will continue to improve in 2011 as a result.
Wisconsin Embraces HFs for the First Time
The State of Wisconsin Investment Board has made its first-ever allocation to hedge funds this week after months of reviewing managers.
CPPIB to Buy 50% of German Retailer, Highlighting Popularity of German Property Investments
The Canada Pension Plan Investment Board (CPPIB) has purchased 50% of German-based CentrO, Europe's biggest retail center.
Illinois Fund Sees Value in Emerging Market Specialists
The Illinois State Board of Investment is mulling over reallocating part of its non-US equity portfolio to dedicated emerging market managers.
Consultants Respond to Worries Over Sovereign Debt and Inflation
Investment consultants respond to G20's concerns about overheating emerging markets and sovereign debt worries in advanced countries.
Moody's Criticizes Pension Reforms in Hungary
Ratings agency Moody's has weighed in against Hungary's renationalisation of its pension funds.
NY Pension Scammer Heads to Prison for Pay-to-Play Scandal
Henry “Hank” Morris, chief political adviser to former state Comptroller Alan Hevesi, has been sentenced to up to four years in prison for his involvement in a pay-to-play kickback scheme over pension abuses.
Following KIC's Lead, Korea's Pension Pursues Alts
The Korean National Pension Service (NPS),the world's fourth latest pension, is aiming to broaden its portfolio this year by investing $4 billion oversees in alternative assets, including infrastructure.
PIMCO Slashes US Government Holdings
The world's largest bond fund cut its exposure to US government-related debt last month.
Illinois to Postpone $3.7 Billion Taxable Pension Bond Issue
In order to give investors time to weed through budget proposals coming from Governor Pat Quinn, Illinois will delay its $3.7 billion taxable bond issue.
Abu Dhabi SWF Buys Spanish Refiner Capsa for $5 Billion
International Petroleum Investment Co (Ipic), an Abu Dhabi sovereign wealth fund, will take ownership of Cepsa, the Spanish oil refining and distribution group.
Kentucky Bill Aims to Ban Pension Middlemen
House State Government chairman Mike Cherry has said he aims to prohibit the state government's pension funds from paying well-connected middlemen, also known as placement-agents.