The $300 million pension has sued Hewlett-Packard and its former
Chief Executive Mark Hurd, who was ousted from the company after a
sexual-harassment-claim settlement, seeking a variety of governance
changes and punitive damages for breach of fiduciary duty, mismanagement
and waste of corporate assets, including the severance payment to Hurd.
Hedge fund managers, which now account for one-fifth of all trading volume in the US Treasury bond market, are refocusing their attention on more liquid products, a new study by Greenwich Associates confirms.
The Government Pension Fund Global returned -5.4% (-155 billion kroner) in the second quarter of 2010, weighted down by a decline in global equity markets.
Citing the scandal in the city of Bell, California Treasurer Bill Lockyer asked the state's largest pension to release data on the 100 highest state and local government salaries to avoid pay abuses.
The value of CPPIB's investments has declined US$1.6 billion in the first fiscal quarter, yet the Toronto-based board has enjoyed rising assets, helped by strong
contributions.
Next
step for the Madison-based investment board of the Wisconsin Retirement System (WRS):
"Determining which strategy the board will use for inflation protection
and how we'll go about achieving leverage," says the board's Vicki
Hearing.
Ceres, a national network of investors, environmental organizations
and other public interest groups, has kicked off a campaign among
global investors with assets totaling more than $2.5 trillion, urging
energy companies to be open and transparent with investors and
stakeholders.
While almost a third of institutional investors plan to increase hedge fund investment over the next year, fewer investors are satisfied with hedge fund performance compared to last year.
On the tail of the firm's Long Duration Credit Strategy’s three-year
mark – in which it outperformed the Barclays Capital US Long Credit
Index – LGIMA’s US fixed-income head sees further LDI mandate growth in
North America.
A consortium that included Borealis, the infrastructure investment arm of Canada's Ontario Municipal Employees Retirement System (OMERS), and at least two other groups are gearing up to bid for Britain's only high-speed rail link -- High Speed 1, or HS1 Ltd.
The nation's largest pension system did not take action when it first heard about officials in the lower-income city of Bell, California, earning inflated salaries.
