Study: Institutional Investors Seek ETFs
While
ETFs encompass a fraction of institutional investor portfolios, a
burgeoning number of these institutions plan to up their use of these
investing instruments in the future.
News Archive: May - 2011
SEC Joins Other Entities in Investigating FX Trading
The Securities and Exchange Commission (SEC) is looking into whether both State Street and BNY Mellon misrepresented how they intended to conduct foreign exchange trades.
SDCERA Whistleblower: Outside Consultant Breached Risk Limits
Jeffrey Baker, an SDCERA official, is alleging as part of a complaint that his job is being eliminated because he raised concerns over outside consultant Lee Partridge's risk limits, yet Partridge denies the assertions.
Hewitt EnnisKnupp or Russell Stand to Oust Mercer at CT Pension
Connecticut Retirement Plans & Trust Funds has selected Hewitt EnnisKnupp and Russell Investments as semifinalists for its new general investment consultant.
Andrew Ross Sorkin: Wall Street's Confidant
Over a span of three months that saw Goldman Sachs sued and settle and financial reform debated and pass, aiCIO spoke with Sorkin, a New York Times reporter and the author of Too Big to Fail, for a special extended Interrogation.
California Court Reinstates Pension Suit Against Countrywide
An appeals court has overturned the dismissal of a class-action lawsuit brought by investors against Countrywide Financial Corp. over risky mortgage-backed securities bought between 2005 and 2007.
Hymans Robertson Predicts Record UK Pension Derisking in Q2
With $7.2 billion (£4.5 billion) of risk transfer deals completed over last year, the second quarter of 2011 looks to be a record quarter for the number of buyin and buyout deals completed in the UK, according to consultancy Hymans Robertson.
BNY Mellon Counters Accusations That It Cheated Pensions Over Forex
An analysis by the Wall Street Journal shows that BNY Mellon Corp. violated it fiduciary duties by taking advantage of clients while trading currencies.
CIC Aims to Boost Canada Resource Bids
China Investment Corp., the nation's sovereign wealth fund, plans to move its managing director to Canada to boost investment bids for natural resources assets.
Institutional Limited Partners Set to Increase Hedge Fund Allocations
The vast majority of those that currently use hedge funds will continue to do so, according to research from Preqin.
Africa Poised for 'Explosive' Frontier Market Growth
Best investment opportunities for funds considering emerging and frontier markets: Africa and Russia, according to Global Pensions.
Goldman Still at the Heart of Crisis Investigations
The banking giant expects Federal subpoenas on its mortgage business.
Soros Hedge Fund Slashes Gold Investment
After famously calling gold 'the ultimate asset bubble,' George Soros, along with other leading investment funds, has sold gold and other metal stocks.
Survey: Fund Managers Foresee Weakened China Economy
A new BofA Merrill Lynch Survey of Fund Managers for May shows that a net 28% of regional fund managers expect China's economy to weaken in the coming year, up from a net 15% in March.
CalPERS Cuts Investment Ties with Iran, Sudan
The nation's largest public pension fund is slashing its investment associations with Iran and Sudan, fully complying with state divestment laws passed in 2006 and 2007.