Survey Shows Managers Expect Biggest Gains From Small Asian Markets
A survey commissioned by RBC Capital Markets finds that money management executives expect Asian economies to enjoy the strongest growth in 2011.
News Archive: Feb - 2011
In Signs of RE Rebound, Singapore SWF Offers $1.5 Billion for Bankrupt Resorts
The Government of Singapore Investment Corp. has offered to pay $1.5 billion to buy five resorts that include Grand Wailea Resort Hotel & Spa in Maui, Hawaii, and the Doral Golf Resort & Spa in Miami.
Obama Proposes Upping PBGC Insurance Costs With Risk-Based Pensions
President Barack Obama's budget proposal has urged risk-based pension premiums, which were once championed by the Bush administration.
Report Shows Climate Change Poses Up to 10% of Portfolio Risk Over Next 20 Years
A study by Mercer has shown that over the next two decades, trillions of dollars are at stake over climate change.
Dutch Pension Fund Forced to Sell Gold Holdings
The De Nederlandsche Bank (DNB) has ordered the country's $404 million pension fund to significantly reduce its gold allocation.
Illinois Leans on SWFs to Relieve Pension Debt
In an act of desperation, Illinois plans to raise money from sovereign wealth funds, big banks, and insurance companies to plug its widening pension hole.
Report Shows Rebound in Middle-Market PE Deal Volume
Based on data collected by research firm GF Data Resources, midmarket private equity had strong growth in 2010.
Poll Shows 'Wild Gyrations' Have Pushed UK Pensions to De-Risk
A new poll by Aon Hewitt reveals that UK schemes plan to lower risk-taking on assets and liabilities over the next 10 years.
Hewitt EnnisKnupp Denied Outsourced CIO Role at Ventura, California Pension
Following the departure of the CIO of the Ventura County Retirement Board in California, consultant firm EnnisKnupp bid to provide outsourced CIO services, yet the fund denied the proposal due to costs and perceived conflicts of interest.
Aussie Pension Merges With Westscheme to Form $40 Billion Superannuation Powerhouse
AustralianSuper's presence in Western Australia will be one of the largest in the state, as one in four West Australian workers will be members of the Fund, the scheme reported.
Arkansas Pension Sues State Street Over Currency Transactions
One of the world's largest custodial banks has been sued by an Arkansas public pension fund for overcharging clients on currency transactions.
Following Pension Tension, Pittsburgh's Schemes Gain Value
With Pittsburgh's pension still less than 30% funded and up against a state takeover earlier this year, the City Council reported good news about the city's schemes, which gained ground in the last three months of 2010.
Institutional Investors Flock to Hedge Funds
A new report from Preqin has revealed that institutional investors constitute the largest piece of the hedge fund capital pie.
CPPIB Pursues US Commercial Real Estate
As part of its pursuit toward assets with long-term income streams, the Canada Pension Plan fund is boosting its real estate and infrastructure holdings.
S&P Lowers NJ's Debt Rating to AA- on Pension Funding Concerns
Citing financial stresses of its large unfunded pension liabilities, the S&P has lowered its ratings on the state of New Jersey's general obligation debt.