The international newspaper of money management August 28, 2008
Today's News
SEC eyes international financial reporting standards
Posted: August 27, 5:59 PM
The SEC today voted to seek comment on a proposal that the agency said could lead to the use of international financial reporting standards by U.S. issuers of securities starting in 2014, according...
Tennessee targets $900 million in private equity
Posted: August 27, 2:08 PM
Tennessee Consolidated Retirement System is looking to invest about $900 million in private equity for the first time.
Study pushes for global DC fee-disclosure policy
Posted: August 27, 4:18 PM
A standardized international policy on fee disclosure would help defined contribution plan participants better manage their retirement assets, says a University of Toronto study.
403(b) participants more cautious
Posted: August 27, 2:06 PM
Participants in 403(b) retirement plans contribute less and are not as aggressive with their investments as their 401(k) counterparts, according to a Spectrem Group survey.
Pennsylvania builders trust settles lawsuit
Posted: August 27, 4:10 PM
Pennsylvania Builders Association Benefits Trust agreed to pay $5.5 million to settle a U.S. Department of Labor lawsuit that accused trustees of making improper payments with plan assets.
Independence CEO/chairman to leave
Posted: August 27, 3:42 PM
Mark C. Lapman is stepping down as CEO and chairman of Independence Investments.
More News
PI Events
P&I Liability Driven Investing Conference
Get Insight & Answers from Industry Experts on Liability Driven Investing A FREE one-and-a-half-day event for pension plan sponsors, endowments and foundations and pension fund consultants.
- September 9-10, 2008 - San Francisco
- September 16-17, 2008 - Chicago
- September 22-23, 2008 - New York
Click here to view all P&I Conferences
Hedge Funds/Funds of Funds
Monday, Sept. 22 at 2:00-2:30 p.m. ET
Will hedge funds of funds remain the primary way institutional investors such as pension funds invest in hedge funds? Will fees come down?
-
These questions and others will be answered in the webcast. Panalist will also discuss the findings of P&I’s second annual survey of hedge funds of funds.
Click here to view all P&I Webcasts
Taking the helm: Face to Face with Carl Hess
Click here to Subscribe to Podcast Series
Click here to view all P&I Podcasts
Investment Outlook
July 2008
The deflating U.S./global asset markets are much like Churchill’s Russia: a riddle wrapped in a mystery, inside an enigma, says Bill Gross, PIMCO's chief investment officer.Read more
More Investment Outlooks
Today s Markets
Now On PIonline
- Corporate pension plans worldwide are active investors in private equity but are much less likely to commit capital to firms raising their first funds or emerging market funds, than their public brethren. Posted: August 27, 6:01 AM
- A vote-counting error revealed after Yahoo’s annual meeting has renewed concerns about the way investor votes are tabulated in the U.S. — and raised questions about the company with a near-monopoly on the business of processing shareholder votes. Posted: August 26, 1:30 PM
- CalPERS’ staff is itching to take advantage of wide credit spreads and other fixed-income market conditions that could be short-lived through a new internal derivatives-based enhanced equity portfolio. Posted: August 22, 8:57 AM
- Pax World Management agreed to settle Securities and Exchange Commission charges that it violated its own socially responsible investment restrictions. Posted: August 19, 6:01 AM
- Massachusetts PRIM cut five active managers that ran a combined $1.8 billion as part of a strategic shift in the $50.6 billion system's domestic equity program. Posted: August 18, 6:01 AM
More PIonline Features
Most Popular
Highlights |
||||||
Un-conventional thinkingReformers are licking their chops over next week's Democratic National Convention, with high expectations to put new corporate governance rules such as “say on pay,” higher taxes on hedge funds and private equity shops, and wider pension coverage squarely on the blue party's platform. Read more |
Early birdsWhen the Federal Reserve moved to fix panicked fixed-income markets last fall, Stephen Walsh, chief investment officer, and other WAMCO officials thought credit was safe again. They were wrong. Read more |
Alpha thisSome Middle Eastern and European institutional investors are reviewing or reducing their hedge fund allocations, concerned that some managers are charging excessive fees for too little alpha, lack transparency or are struggling to reap excess returns. Read more |
Slow roadMoney managers, like PIMCO's Mohamed El-Erian, think the credit bust is going to be more pernicious than previously thought, and the recovery slower and more subdued. Read more |
Cash hungrySome hedge funds long closed to new investment have thrown their doors wide open, seeking new cash in order to keep the lights on. Read more |
Backup planMartin B. Kaplan left college interested in finance and real estate investment but became a lawyer as backup in case his finance plans didn’t pan out. They did and today he runs one of the world’s largest and most institutional hedge fund-of-funds managers. Read more |
Sour tastePrivate equity was on fire in 2006 and 2007, but investors who fueled the record fundraising then might get burned now. Read more |