Receptiveness to credit and duration risk are on the rise for many pension funds, endowments, and other institutional investors, according to the Federal Reserve's latest survey.
The Dutch pension fund Pensioenfonds Vervoer has accused Goldman Sachs Asset Management of breaching its fiduciary duty by making inappropriate investments during the financial crisis, filing two claims against the bank totaling up to $300 million.
Corporate pension funds could see already expensive pension arrangements hit their bottom line even harder next year due to poor economic conditions and new regulations coming into play.
Risk transfer deals among insurers and corporate pensions are gaining attention as insurance funds in the United Kingdom seek pockets of opportunity amid a mature market.