Pensions Should Follow the Leads of CalPERS and Utah Retirement Systems Over HF Fees
Research house Lipper is encouraging schemes to demand greater explanation and justification on hedge fund fees.
Search results for: Apple
Number of FTSE Firms Providing Final Salary Benefits Drops
Researchers have found that the number of defined benefit pension schemes in the UK has continued to plummet over the past year.
New Jersey Settles SEC Pension Fraud Charges
In the first suit by the Securities and Exchange Commission (SEC) against a state for securities fraud, the regulator claimed that when New Jersey issued $26 billion in bonds between 2001 and 2007, it fraudulently and erroneously portrayed its pension funds as adequately funded.
Despite CPPIB Investment Loss, Strong Contributions Lift Assets
The value of CPPIB's investments has declined US$1.6 billion in the first fiscal quarter, yet the Toronto-based board has enjoyed rising assets, helped by strong
contributions.
LGIMA’s Bender Sees Further American LDI Growth
On the tail of the firm's Long Duration Credit Strategy’s three-year
mark – in which it outperformed the Barclays Capital US Long Credit
Index – LGIMA’s US fixed-income head sees further LDI mandate growth in
North America.
MassPRIM Appoints Michael Trotsky As New Executive Director
The board unanimously approved Trotsky at a meeting Tuesday morning.
Australian Super Funds Return 4.5% Over 10 Years
Data from SuperRatings reveals that the average super fund returns have fallen under the double-digit mark, as Australians would have fared better by putting their superannuation solely into Australian shares for the past decade.
China Investment Corp '09 Profit Reaches $41.7 Billion
Despite a tumultuous 2008, the CIC outperformed many other sovereign wealth funds following the global financial crisis -- the country's $300 billion SWF upped its net profit to $41.7 billion in 2009 from $23.1 billion in 2008.
Goldman, Citigroup and 13 Other US Banks Sued by Mortgage Investor
Cambridge Place Investment Management has sued 15 US banks after losing $1.2 billion on subprime mortgage-backed securities.
US Pension Deficits Near Record High
A new study by consulting firm Mercer shows US pension deficits have reached a record high, revealing a downturn in pension health that erases gains achieved since January 2009.
Norway's SWF Expands Investments in Asia
The fund is following a trend among sovereign wealth investors boosting investments in the Asia-Pacific region.
State Street Sues Former Execs Over 'Employee Raid'
The firm's suit alleges that three of its former executives violated agreements they signed regarding confidential information they gained about State Street’s securities lending business in the course of their employment.
SEC Ruling Curtails Political Contributions From Managers
US regulators voted 5-0 at a meeting in Washington to limit contributions after pay-to-play scandals.
CalSTRS to Pursue Microfinance Investments
The second-largest public pension scheme in the US, with $132.5 billion under management, may follow the lead of Dutch funds.
CalPERS Board Removes Shareholder Proposal Limit
The largest US pension fund
voted to
lift the limit on the number of shareholder proposals its staff can
issue and announced plans to increase the accountability of
directors through a majority vote policy.