S&P Announces Potential Downgrade of US Bonds
Credit rating agency Standard & Poor’s announced yesterday that it may downgrade US Treasury bonds from their current AAA rating if the large-looming debt ceiling problem is not resolved.
News Archive: Jul - 2011
Japanese Pension Plans May Triple Allocation to Alternatives, Credit Suisse Says
Japanese corporate pension plans will likely triple their allocations to alternative assets as they seek to boost returns in anticipation of the retirement of their rapidly aging beneficiaries, Credit Suisse has said.
Despite Departure of Top Fund Managers, Cornell Endowment Gains 17%
Cornell University’s endowment rose 17% in the year ended June 30 amid the departures of two top fund managers.
Two Canadian Pension Funds Team With Buyout Firm in LBO
In an uncommon partnership, the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board of Canada joined together with buyout firm Apax Partners in a leveraged buyout of Kinetic Concepts Inc.
PIMCO’s Bill Gross Reconsiders Bearish Position on U.S. Treasuries
Pacific Investment Management Co. raised the allocation of U.S. Treasuries in its $242.7 billion Total Return Fund from 5% to 8%, indicating a softening of Bill Gross’ aggressively short position on Treasuries.
Report: US ETF Assets Poised to Double by 2015
A new report by BNY Mellon and consultant Strategic Insight -- which analyzes the factors fueling the rapid expansion of the ETF market and how asset managers can profit from the expansion -- predicts that ETF assets will reach $2 trillion by 2015.
UK Public Pension Liabilities on the Upswing
Britain's Office for Budget Responsibility has revealed that the total liabilities for the pensions of teachers, policemen and civil servants totals £1.13 trillion.
PIMCO Snags Harvard Talent
Pacific Investment Management Co., the manager of the world’s biggest bond fund, has hired John Devir for its credit-analyst team -- after he accepted a position as a managing director at Harvard University’s $27.6 billion endowment.
Louisiana State Pension Systems Bring Fletcher Asset Management Under Fire
Three Louisiana state pension funds’ failed attempts to withdraw assets from hedge fund Fletcher Asset Management have drawn the attention of the Securities and Exchange Commission.
New CEO at Russell Investments: Len Brennan
Russell Investments has appointed Len Brennan to succeed Andrew Doman as president and chief executive officer.
U.S. Corporate Pension Funding Rises to 88.5%
The funded status of the average U.S. corporate pension plan rose 0.8% in June to 88.5% as assets fell less than liabilities, BNY Mellon Asset Management has said.
Australia's Superfunds Embrace New Carbon-Pricing Scheme
Superannuation funds are predicting that the Gillard Governmentʼs new carbon-pricing scheme will lead to greater investment in clean energy and clean technology.
Fed Survey Reveals Favorable Credit Terms for Pension Funds
The Fed’s Senior Credit Officer Opinion survey shows that banks are offering more favorable credit terms to large investors in an attempt to move back towards traditional bank lending.
Study: Hedge Fund Investment to Spike at $195 Billion
According to the latest numbers from Preqin research, institutional investors are considering hedge fund investments that could be worth a combined $195 billion over the next 12 months.
CalPERS Seeks Private Equity Vehicle for Domestic Emerging Managers
The California Public Employees’ Retirement System has announced that is searching for an investment vehicle that will focus on domestic emerging managers for the pension fund’s private equity program.