Kentucky = Worst-Funded Public Pension in US
Move over Illinois: The Kentucky Retirement System reported a funding ratio of 24.5% today, according to a former trustee.
News Archive: Dec - 2012
Corporations Heading for Record Pension Deficit
Aggregate deficit has grown by roughly $124 billion thus far in 2012, according to consulting firm Mercer Investment Consulting.
Yale Style: More Exclusive Than Ever
The financial crisis left many endowment-style investors smarting—and reevaluating their model—according to two of State Street’s top researchers.
Hedge Funds: Victims of the Financial Crisis, or Not?
An academic paper aims to investigate the prevalence of liquidity shocks and fire sales among hedge funds.
California Gov. Calls to Pensions, SWFs, Endowments for High-Speed Rail
In what could become the most expensive public-works project in US history, California Governor Jerry Brown is seeking support from institutional investors to build a bullet train linking some of the largest cities.
Can Investors Get High Returns From Marijuana?
A new commodity may be about to find a place in investment portfolios – how high can returns on marijuana go?
Ex-Employee Claims State Street Hierarchy ‘Approved’ Middle East SWF Overcharging
Senior managers gave the go-ahead for the State Street transition management team to take “undisclosed mark-ups” on bond trades for one of the Middle East’s largest investors, a former employee has claimed.
Latin America Shines as the Emerging Market Hotspot, Paper Says
A new academic paper examines cross-country differences in the diversification benefits that emerging markets offer, and why Latin America may be the best deal for foreign investors.