The Companies Threatened the Most by Pension Deficits
JLT Employee Benefits has identified “a significant number” of UK pension schemes with deficits greater than their sponsors’ market value.
News Archive: Jul - 2014
Investors Expect: Inflation and Overvalued Equities
A sharp uptick in inflation is on the cards, investors say, and they are buying equities to keep up.
Alts Managers: Who’s Up (Blackstone) and Who’s Down (Goldman)
An annual ranking of alternative firms’ assets under management reveals major shifts in the leader board—and the one asset almost no one wants.
Regulation
Cash, Casino Chips, and CalPERS: Confessions of a Former CEO
The former CEO of the largest US pension has decided to plead guilty on fraud and bribery charges—and reveal everything.
PBGC Chief to Re-join Private Sector
After four years leading the US’ lifeboat for bankrupt company defined benefit plans, the PBGC director is heading off.
UK Government Under Fire for Passive Investment Drive
Proposals to overhaul the investment policies of UK local government pensions have been criticised by funds’ representative groups.
High Performance Fees ≠ High Performance
Research
has found high-fee hedge funds take on excessive risk facilitated by greater
leverage.
Is it Time to Reconsider Credit Default Swaps?
An increasingly illiquid bond market requires a new way of managing new capital, argues Hermes Fund Managers.
How Old Age Could Hit Bond Portfolios
Have you considered the age of the population where you’re buying your bonds?
Regulation
Credit Suisse Fears Sentencing Will Harm Asset Management Business
The bank has asked a US court to push its
sentencing date to “at least” November in order to safeguard its ability to run pension money.
Newsmakers
Vatican Turns to Asset Management to Clean Up Bank
Jean-Baptiste
de Franssu, former chief of Invesco Europe, has been named president of the
scandal-ridden Vatican Bank.
PPF Dumps Derivatives, Favours Risk Factors in Portfolio Shake-Up
Real assets and risk-factor investing lead the revitalised PPF portfolio.
The Interest Rate Conundrum: Rises on the Horizon?
UK and European pensions must consider how interest rate hikes will affect them as central banks weigh up changes to ultra-low rates.
Regulation
State Street Settles Shareholder Lawsuit for $60M
The Boston-based bank was sued by shareholders who claimed they bought stocks at “artificially inflated” prices.
New Jersey Seeks New Talent to Boost Alternatives
The recently
downgraded New Jersey public pension system is building out its alternatives
team in anticipation of future opportunities.