Legislation Aims to Heighten Ethics Requirements for CalPERS, CalSTRS
California Controller John Chiang has said he is sponsoring two
new bills in the state Legislature with the goal of tightening ethics
requirements for CalPERS and CalSTRS.
News Archive: Feb - 2011
PIMCO, Loomis Sayles Battle for Top Ranking in Attracting Brand Loyalty Among Pensions
Research by Cogent Research has shown that in a survey of 590 institutional investors, PIMCO and Loomis Sayles came out as the most preferred in terms of investment performance and philosophy.
UK Pensions Report Surplus Growth
The UK's 6,560 final-salary schemes in the private sector covered by the Pension Protection Fund (PPF) have seen their surpluses over their liabilities more than double in January.
CalPERS Reworks RE Portfolio, Targets US Core
The giant California pension fund is set to revise its investing strategy following steep losses.
Comptroller Liu Says NYC Pensions Enjoy 6-Month Return of 16%
According to New York City Comptroller John C. Liu's testimony before a joint hearing of the New York State Assembly Ways and Means Committee and the State Senate Finance Committee in Albany, the city's pension funds' 6-month return has topped 16%.
Top Pension Priority in 2011: Meeting Funding Goals
According to an SEI poll, pension plan sponsors say their number one priority for the coming year is finding a way to control funded status volatility.
Report Warns Expecting Continued Stellar Bond Performance 'Would Be Fantasy'
The 2011 Credit Suisse Global Investment Returns Sourcebook has shown that the average annualized returns for the 19 countries in the authors’ worldwide sample were 5.4% for bonds and -0.4% for stocks, warning that future returns for bonds are likely to be far lower.
CalPERS Sues Ex-Lehman Execs & Underwriters, Alleging a 'Fraudulent Scheme'
The California Public Employees’ Retirement System (CalPERS) is suing ex-Lehman executives and underwriters, saying they hid Lehman’s exposure to subprime loans when they sold the California public pension fund about $700 million in bonds.
Study Shows Rebound in US Institutional Investment Manager Hires
Results from an analysis based on Eager, Davis & Holmes’ Tracker Hiring Analytics database shows US institutional investment manager hires rebounded in 2010 relative to a low water mark set in 2009.
Towers Watson Study Shows Global Pension Fund Assets Hit Record High in 2010
According to the latest research by consultant firm Towers Watson, US pension fund assets reached $15.3 trillion in 2010, up 11% from 2009, with global institutional pension fund assets hitting $26 trillion.
CIO Survey Shows Active Equity Gains Traction
According to the latest quarterly CIO study by KBW analysts, the outlook for active equity has modestly improved, while alternative strategies in particular seem poised to generate new flows.
After Scandal, Wesleyan's New CIO (a Swensen Protege) Boasts Above-Average Returns
Wesleyan University's Chief Investment Officer Anne Martin is implementing a new philosophy following the scandal of Thomas Kannam, the endowment's former CIO who left the school after being sued for spending most of his time on outside business ventures, despite having a contract that prohibited such behavior.
BP's Former CEO Approaches Abu Dhabi's SWF to Lead New Oil Company
Tony Hayward, the former BP chief executive, has reportedly been approached by Abu Dhabi's sovereign wealth fund -- the Abu Dhabi Investment Authority (ADIA) -- to set up a new global oil company.
Timber Too Tame an Alternative for You? Try Dairy Farms.
With the New Zealand Superannuation fund’s purchase of farmland, expected to top US$380 million in value in the coming years, further proof is seen of a growing trend among institutional investors.
Are Canadian Endowments Besting American Ones? Maybe.
Are Canadian endowments outperforming their American counterparts? Possibly – but all is not what it seems at first glance with the National Association of College and University Business Officers (NACUBO) average.