News

 

After a disastrous 2008, the fund—which has replaced both its CEO and CIO since April—will issue up to $8 billion in bonds.

 

Funds from across the globe gathered in Singapore alongside world leaders to express their concerns over protectionism—and to promote the idea of sovereign wealth funds as long-term, stable investors.

 

Despite few actual deals being completed, U.K. pension schemes are increasingly interested in insuring against retirees outliving actuarial predictions, a new study shows.

 

A recent survey by Bank of America Merrill Lynch shows that 30% of large pension plans, endowments, and foundations are reducing their exposure to much-maligned U.S. equities, choosing instead to enter corporate bonds and emerging markets.

 

Following on the news that CalPERS knew of forex overcharges as early as 2003, State Street has upped its battle fund in preparation for a drawn-out legal battle regarding this and other claims.

 

Following large profit increase—not the least of which was seen in its insurance units—Berkshire has made an “all in” bet on the American economy with its purchase of Burlington Northern Santa Fe railroad.

 

With a neutral last 12 months, the Penn endowment has done what others couldn’t—it has maintained its capital base.

 

With a hostile bid for highway owner Transurban Group, Canada’s CPPIB and Ontario Teachers’ continue their direct investments in foreign assets.

 

The Government Pension Fund gained 18% in Q3 while at the same time reducing its reliance on external managers.

We don’t read books about the Great Depression that were written in 1932. We don’t read newspaper accounts of the Mercury astronaut program from 1961. Instead, we turn to John Kenneth Galbraith’s book from 1954 about the Crash, and Tom Wolfe’s 1979 account of pilots being shot into space. 

 

A new survey shows that UK funds more focused on hedging their liabilities against inflation than they were earlier in the year.

 

Following a poor 2008, the City of London defined benefit pension plan is considering increasing oversight of investment managers as they look to enter the alternative market.

 

New study shows quants feel misunderstood in their roles at global financial firms.

 

After 2008, when they were burned by financials, SWFs are likely to stick with a recent trend toward natural resources.

 

The proposed plan would allow underfunded pension plans nine years, not seven, to make up the funding shortfall.