PIMCO to Release $600 Million REIT IPO
Pacific Investment Management Co. is forming a new real estate finance company that intends to acquire residential and commercial real estate-related debt.
News Archive: Apr - 2011
Survey Shows Demand for Asian Private Equity Funds Leads to Higher Fees
While the average fee for Asian private equity funds with more than $1 billion in assets under management has remained at 2%, their global counterparts have reduced their fees, an annual survey conducted by private equity investment firm Squadron Capital shows.
CalPERS, CalSTRS Unleash Database to Aid in Corporate Board Searches
CalPERS and CalSTRS are establishing a new database of potential independent directors, offering companies a facility to recruit individuals for a director’s seat.
Madoff Feeder Fund Sues ADIA
A feeder fund that invested in the Ponzi scheme of Bernard Madoff has sued the Abu Dhabi Investment Authority to try to recover $300 million in redemption payments, Bloomberg is reporting.
Kentucky Endowment Boosts Hedge Fund Investments
The University of Kentucky Endowment Fund is set to double its hedge fund allocation to 20%.
With ESG Interest Growing, FTSE Launches Benchmark
As institutional investors around the world increasingly adopt responsible investment practices, FTSE has rolled out an index service -- FTSE4Good ESG Ratings -- to measure the environmental, social and governance (ESG) strategies of public companies worldwide.
Preqin Study: European Public Pensions Embrace Cleantech Unlisted Infrastructure
Europe is at the forefront of cleantech investment in the unlisted infrastructure market, research carried out for the 2011 Preqin Private Equity Cleantech Review shows.
Ontario Teachers' Petroff: 'Active Management Outperforms'
The Ontario Teachers’ Pension Plan (Teachers') has announced a 14.3% rate of return and net assets standing at $107.5 billion, with the cumulative value-added of active management at C$23.2 billion.
With Pittsburgh Bond Downgrade, a Mayoral Lament – and an 'I Told You So'
Mayor Luke Ravenstahl had proposed multiple fixes to the city’s severely underfunded pension system, but Council opposition produced another plan – one that rating agency Standard & Poor’s has found wanting.
Institutional Investor Inflows Crowd Emerging Market Equities
As institutional investors crowd into the rapidly-growing economies of emerging markets to improve equity returns, managers are increasingly closing their strategies to new investors.
Brown Brothers Harriman, J.P. Morgan Top Securities Lending Survey
The fourth standalone Securities Lending Survey by Global Custodian – a sister publication to aiCIO – shows that Brown Brothers Harriman has won the praise of respondents for a third year running.
Survey: Inflation Tops List of Worries for UK Schemes
Looking ahead in 2011, pension schemes battle immediate and pressing challenges, according to a Financial News Pension Fund Barometer survey of 64 European schemes.
Norges Bank Splits CIO Responsibility Into Equities, RE, Allocation Specialties
Norges Bank Investment Management (NBIM) has split its chief investment officer responsibilities into three roles.
LDI 3.0
From aiCIO Magazine: If liability-driven investing (LDI) 2.0 is locking in a glide-path, LDI 3.0 is beginning to think about how to rebalance within a complex and constantly-moving portfolio.
Italian Economy Minister Reveals Plans for State Investment Fund
Spurred by efforts to curtail foreign takeovers of certain industries deemed to be strategic, Italian Economy Minister Giulio Tremonti has been given the green light to set up a state investment fund.