Former NYC School Chancellor Blasts Pension Accounting
The prominent former public official, who was in charge of
the New York City public school system for eight years, rails against pension
accounting assumptions in a Monday opinion piece.
News Archive: Jan - 2011
UK's Multi-Employer Pension Fund Revises Investment Strategy for Improved Returns
The group said the new approach aims to allow for better risk-adjusted returns relative to liabilities to ensure that better results are delivered for members.
Public Pension Fund Coalition Urges Thorough Foreclosure Review by US Banks
A group of seven major public pension schemes are being led by New York City Comptroller John Liu to press the largest US banks to better examine their mortgage and foreclosure practices.
In Striving for Openness Among Public Pensions, SEC Pursues CalPERS for Inadequate Disclosure
Since the financial crisis hit, the US regulator has been especially keen on hunting down public pensions for lack of transparency about their investments and about information regarding their financial impacts on the state.
Swiss Re Executes Longevity Transfer, More Expected
A Swiss Re deal to transfer $50 million in longevity risk
may bring back to life a market that has suffered since the onset of the
financial crisis.
UK Equities and Emerging Market Equities Drive DB Pension Returns
New research has shown that trustees of defined benefit schemes saw an average return of 13% on investments last year, buoyed by strong equity performance.
Denmark's Largest Pension Lays Off Bonds From Indebted EU Nations
ATP's CEO Lars Rohde has said that the fund will avoid government bonds issued by the European Union's most indebted nations, as it considers the risk too great.
With Facebook, Did Pension and Sovereign Funds Miss an Opportunity – or Dodge a Bullet?
A Goldman unit that invests on behalf of asset owners turned
down an opportunity to invest capital in social network Facebook, raising
questions over whether the bank’s eventual investment is a robust one.
Buffett CEO, CIO Succession Questions Flare Again
An upcoming Vanity Fair article further reveals the thinking
of Warren Buffett regarding who eventually will take control of his $100
billion portfolio.
As 2010 Ends, Good News on Pension Funding Ratios
Despite a lackluster year for pension funding ratios, Q4 and December figures show a rise in pension portfolio values and a decrease in liabilities.
Despite Insider Trading and FBI Raids, Hedge Funds Likely to See Inflows
At least one consulting firm is asserting that hedge funds –
especially smaller ones – will see capital coming in the doors in 2011.
South Korean Pension, Following Canadian and European Trends, Plans Private Equity Teams
The teams would be part of joint ventures with four local groups, and would aim to diversify the pension system’s bond-heavy portfolio.
At Close of 2010, Institutional Investor Confidence Rises
A State Street index that equates equity allocations with
confidence shows a global trend towards an increasing institutional risk appetite.
Rattner, the Big Fish of New York’s Pension Scandal, Settles with Cuomo
While denying any wrongdoing, Steve Rattner has agreed to
pay $10 million to settle charges that he and the firm he founded bought access
to New York’s Common Retirement Fund.
With Eight Hours to Go, Pittsburgh Finds Pension Solution – and Now Waits
The besieged city will have to wait – possibly until
September – to find out if their pension solution is accepted by the state,
avoiding a takeover.