Three Pensions Head Investor Lawsuit Against Goldman Over Subprime Mortgages
Three pension funds have been named as co-plaintiffs in an investor lawsuit against Goldman Sachs Group.
News Archive: Mar - 2011
SEC Pursues KKR Sovereign Client Information
A 10K filing shows that the Securities and Exchange Commission has requested information about Kohlberg Kravis & Roberts' (KKR) sovereign wealth fund clients.
Placement Agents Threaten to Abandon CA Funds, But CalSTRS Disagrees
A survey by Preqin shows that 67% of placement agents intend to cease working with California-based public pension schemes affected by new legislation, yet CalSTRS says it has experienced no such threats.
Norges Bank Remains Committed to European Bailout Fund
Dag Dyrdal, Chief Strategic Relations Officer at Norges Bank Investment Management (NBIM), which manages Norway's Government Pension Fund Global, says that the fund will continue to play an active role in Europe's bailout fund and sees opportunity in Asian markets as well as real estate.
NJ Pensions Enjoy 15% Gains; Higher Alt Allocations
A report presented to the State Investment Council shows that New Jersey’s pension funds have gained 15% this fiscal year.
Soros: Europe Must Bailout Banks to Restore Confidence
To restore confidence in Europe, George Soros, the philanthropist billionaire and hedge fund legend, says that Europe's bailout fund, the European Financial Stability Facility (EFSF), must take care of the banking sector.
Report: Insurance Outsourcing Accelerates
Findings from the Insurance Asset Outsourcing Exchange, which tracks newly outsourced investment mandates by insurance companies and investment managers, show that an increasing number of insurers are outsourcing management to third parties.
Despite Revisiting Timber Investment, SDCERA Claims No Conflict
SDCERA tells aiCIO that no conflict exists, yet fund CEO Brian White has admitted that a relationship between outsourced CIO Salient Partners and timber investor Molpus Woodlands Group should have been disclosed during the due diligence process.
Preqin Says PE Funds Face Challenging Environment
"Investors are being very wary about where they are putting their money and want to see a track record," Preqin says.
REITs Overhaul Attracts UK Insurers and Pensions
The British Property Federation has said that changes to the UK’s Real Estate Investment Trust (REIT) regime will remove major barriers to large scale investment in residential real estate by institutions such as pension funds.
Moody's Report: With Growing Pension Popularity, Hedge Funds Must Alter Strategies
A report by Moody's Investor Service shows that as pension funds increase their allocation to alternatives, hedge fund managers will have to lower fees, change their business strategies and reduce their risk tolerance.
Seeking to Buy Troubled Mortgages, PIMCO Raises $1.5 Billion
The manager of the world's largest mutual fund has raised more than $1.5 billion for a private pool to buy debt such as troubled commercial and residential mortgages from banks looking to improve their balance sheets.
Scott Kalb Thinks There's Folly in Benchmark Hugging
From aiCIO Magazine: New York City native Scott Kalb is the Chief Investment Officer of the Korea Investment Corporation (KIC), South Korea's government-owned investment management company.
KPMG Survey Shows CPI Measure Cuts Private Pension Liabilities by Billions
A new survey by KPMG, a global public accounting firm, finds that using the consumer price index (CPI) as the measure of pension inflation will reduce the calculated value of private sector liabilities by nearly $98 billion (£60 billion) by the end of the year.
Scott Sleyster Thinks Holistically
From aiCIO Magazine: Sleyster—chief investment officer for Prudential's American operations—speaks on the unique nature of investing in the insurance general account sphere.