Survey: Mixed Messages by UK Gov't Makes Pensions Wary Over PFI Investing
Mixed messages from the UK government over the viability of private finance initiatives is making schemes cautious, a new survey shows.
News Archive: Oct - 2011
New York State Common Retirement Fund Allocates $300 Million to Artemis Real Estate Partners
The $146.9 billion New York State Common Retirement Fund has allocated $300 million to Artemis Real Estate Partners as its initial investment in a new emerging manager program.
Norway’s Government Pension Fund Global Sets Limit of $25 Million for External Manager Bonuses
In a letter from Norges Bank to the Ministry of Finance, Norway’s Government Pension Fund Global revealed that it set an upper limit of $25 million on annual bonuses it pays to external fund managers.
State Street’s McLellan, Pennings Depart Amidst Question Over Transition Cost
Ross McLellan and Edward Pennings of State Street Global Markets’ portfolio solutions group – which covers transition management – have departed the firm following questions over the pricing of a fixed-income transition, multiple sources tell aiCIO.
Study: Institutional Assets Globally Jump 10% in 2010
Research by TheCityUK, a UK-based financial services trade organization, has discovered that worldwide investment management conventional assets rose 10% in 2010 to a record $79.27 trillion.
UK Shareholder Activist Body Urges News Corp to Overhaul Board Structure
According to the UK’s leading shareholder activist body, it is imperative for News Corp to overhaul its board structure in the wake of its phone hacking scandal.
Aon Hewitt Predicts 'Major Unintended Consequences' for Pensions Following UK's QE2
The Bank of England has unleashed £75 billion of emergency support in an effort to lessen tensions threatening the UK's recovery, yet Aon Hewitt predicts the move of QE2 will only exacerbate pension funding problems.
Reports Reveal Hard Times for Corporate Pensions
Amid an environment of falling equities values and low interest rates, Legal & General Investment Management America, BNY Mellon Asset Management, and UBS Global Asset Management have all separately released reports showing that corporate funding is on the decline.
UK's FSA Confirms Delay of Solvency II for Insurers
The Financial Services Authority (FSA) has asserted that the introduction of Solvency II rules in the UK for insurers will be delayed an extra year.
Mercer: US Pension Deficit Reaches Post-World War II High
Funding levels plummeted during the month of September as equities values dropped and bond yields fell, consulting firm Mercer shows.
US and NY Governments Enter BNY Mellon FX Lawsuits
BNY Mellon has been sued by the New York attorney general and the United States attorney in Manhattan, who claim the financial institution defrauded New York City pension funds and other retirement plans nationwide over the price of foreign-exchange transactions.
Florida Attorney General to Pension: $11K Bill for Public Records Is Indefensible; SBA Defends Actions
Florida Attorney General Pam Bondi has said it is "indefensible" that the state pension is asking for nearly $11,000 to collect public records regarding the scheme's investments.
Moody’s, Fitch, S&P Battle Pension Lawsuit Over Misleading Ratings in Mortgage-Backed Securities
US District Judge James O. Browning in Albuquerque, New Mexico has ruled that Moody’s Corp., Fitch Inc. and Standard & Poor’s must face a New Mexico securities lawsuit.
EDHEC Study: ETFs Can Boost Returns, Lower Risk in Core-Satellite Investment Approach
A new study from the EDHEC-Risk Institute, produced as part of the Amundi ETF research chair on "Core-Satellite and ETF Investment," has found that implementation of a Dynamic Core-Satellite approach can boost portfolio returns while keeping downside risk under control.
With WellsCanning Acquisition, Consulting Firm Towers Watson Harnesses Insurance Biz
Towers Watson has expanded its investment services for insurers and reinsurers with its acquisition of WellsCanning.