Featured Story

Virginia CIO plans to step down

By Doug Halonen

Charles W. Grant, chief investment officer of the $47.7 billion Virginia Retirement System, Richmond, will retire when his contract expires in August 2011.

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Editor’s Pick

Stocks skyrocket on reports of manufacturing expansion

Stocks rose Wednesday as better-than-estimated growth in American and Chinese manufacturing bolstered confidence in the global economic recovery.

By Bloomberg

People

CFA Institute elects new chairwoman

Margaret E. Franklin was elected to a one-year term as chairwoman of the CFA Institute Board of Governors.

By Doug Halonen

Aviva Investors’ France CEO broadens duties to Europe

Jean-Francois Boulier was named CEO of Aviva Investors Europe.

By Drew Carter

Loomis picks Wellington associate as credit research director

Christopher Gootkind will join Loomis Sayles as director of credit research and credit strategist, effective Sept. 1.

By Douglas Appell
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Blog Bank

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Charts

  • Public pension funds target alts 1 of 10
  • Trend has not been CTAs' friend 2 of 10
  • Physical bonds hard to come by 3 of 10
  • Russell wins index battle 4 of 10
  • Money managers underperform 5 of 10
  • Hedge funds of funds still trailing 6 of 10
  • Just 81 basis points 7 of 10
  • Treasury only one putting out more paper 8 of 10
  • Cash still not king 9 of 10
  • NCREIF index has good quarter 10 of 10

International

Japan pension plans look to roads, ports as investments

Japanese pension funds are starting to invest in toll roads, ports and pipelines for the first time.

By Bloomberg    

Aviva Investors’ France CEO broadens duties to Europe

Jean-Francois Boulier was named CEO of Aviva Investors Europe.

By Drew Carter    

64% gain in worldwide retirement assets seen by 2020

Worldwide retirement assets are projected to grow 64% to €36 trillion ($45.6 trillion) as by 2020, for a compound annual growth rate of 4.7%, according to an Allianz study.

By Drew Carter     View more

P&I Presents

Featured Topical Microsites

Stable Value Funds

As many Americans delay retirement due to falling asset prices and the impact of the global economic crisis, stable value funds represent an oasis in the world of investment. Visit this microsite from P&I Custom Media Group to read articles and white papers from our stable value supplement.

Fixed Income

Investors have enjoyed robust returns in fixed income markets in the past year. But despite a positive outlook for the U.S. economy and improving fundamentals, global events have proven they can still curb risk appetite. Visit this P&I Custom Media Group microsite to read articles and white papers on opportunities and risk taking in the fixed income arena.

Today’s Markets

Webcasts

Corporate Pensions: To the recovery room or ICU?

Monday, June 21, 2010

The health of the largest U.S. corporate defined benefit plans improved dramatically in 2009, following the disaster of 2008. A robust stock market, low interest rates and big contributions combined to boost funded ratios. But that doesn't mean all is well again.
Join us as we discuss how corporate plans are faring and what they may do in the second half of the year to ride out the continuing storm.

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Featured Web Seminars

Monday, September 13, 2010 - 2:00 p.m. - 3:00 p.m. EDT

How integrated risk management can reduce downside volatility
Now more than ever, DC plan sponsors are insisting on products with strong risk/reward characteristics to match their participants' risk tolerance while preserving wealth in the face of market volatility and uncertainty. Because nearly 40% of all market action is negative, effective risk measurement and management must be integrated throughout the entire investment process to meet this challenge. Join this panel of equity experts to discuss critical elements, both the art and the science, of risk management and its place in three commonly used asset classes in DC plans.

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Wednesday, September 8, 2010 - 2:00 p.m. - 3:00 p.m. EDT

How prevalent are these policies, how are they structured, and are they right for your plans?

Tune in for an overview on Dynamic Investment Policies, including market data on their prevalence, what types of plan sponsors are adopting them and why, and how these policies are being structured. They will review several case studies, illustrating the various ways that clients have designed dynamic de-risking strategies that are tailored to their unique needs.

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Face to Face

Photo: The world is his oyster

The world is his oyster

MSCI's first and only chief executive uses his background in diplomacy to steer company toward becoming a global powerhouse

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