In a 2,000-word diatribe, PIMCO's Bill Gross has said that Central bankers compare unfavorably to the devil and that money managers have failed to properly allocate capital.
A group of 10 organizations representing state and local governments and public pension plans have released a fact sheet to get the facts out on public pension plans.
New York City Mayor Michael Bloomberg has proposed a major overhaul of the city's expensive pension system, which he has said would be his administration's No. 1 priority in Albany.
With the help of former Conservative pensions spokesman Nigel Waterson, Danish pension ATP is set to launch an alternative to the National Employment Savings Trust (NEST) targeting low to middle-income earners.
According to research prepared by State Street Global Advisors (SSgA), the financial crisis has driven the world's leading sovereign wealth funds to reexamine their investment strategies and make a number of significant changes.
Motivated by the need for greater transparency in the municipal bond market, the Municipal Securities Rulemaking Board is looking into ways to broaden issuer disclosure of the standing of their pension plans.
Singapore's GIC, the biggest shareholder in Citigroup and UBS, plan to hold onto its stakes in the two banks for the long-term, executive director Tony Tan told reporters in the Swiss town of Davos.
The attorney general alleges that despite its actions, Countrywide Financial Corporation continued to misinform investors that it maintained stringent mortgage loan underwriting standards that differentiated it from its competitors and other subprime lenders.
According to two separate surveys of pensions, schemes both domestically and globally are intending to reduce their exposure to equities as well as fixed-income, planning greater allocations to alternatives.
A report issued by the International Monetary Fund (IMF) has argued that sovereign wealth funds should engage in regular macro-risk assessments, stressing the continued importance of these large pools of capital as stabilizers in international markets and major players in global regulatory reform.
In one of the largest forestry estate transactions in Australia, Alberta Investment Management Corporation (AIMCo) has agreed to acquire, together with partner Australia New Zealand Forest Fund (ANZFF), the timberland assets of Great Southern Plantations (GSP) for a total purchase price of $417 million.
The money manager's index, which uses 100 as a neutral reading, has found that investor confidence dropped 3.3 points to 100.9 in January from 104.2 in December.