MassPRIM Appoints Michael Trotsky As New Executive Director
The board unanimously approved Trotsky at a meeting Tuesday morning.
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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.
Plans Increasingly Consider Risk-Parity
Sources say the San Diego Country Employees Retirement Association is leveraging its fixed-income portfolio to create 'risk parity', continuing a trend among pension funds.
Hermes on the Lookout for Long-Term Institutional Investors
Hermes opens its three commodities funds.
Australia’s SWF Turns to Timber
The Future Fund plans to include timber in its allocation to “tangible assets,” which to date have only included real estate and infrastructure.
Tough Times for Hedge Funds and Private Equity, EU Still Divided
Hedge funds and private equity firms face profit crunch, EU states still split on regulations in Europe, aimed at enforcing restrictions on the industry.
SWF Assets to Rise by End of 2012, With Shift Abroad
After total assets under management at SWFs declined 3% in 2009 to $3.8 trillion, a new report expects a rosy outlook ahead.