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Featured Story

New Jersey may not make 2012 payment — governor

By Bloomberg

New Jersey Gov. Chris Christie said the state may not be able to make a pension payment in the next fiscal year.

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Editor’s Pick

N.Y. State Common drops Goldman Sachs in rebalancing

New York State Common Retirement Fund terminated Goldman Sachs Asset Management, which ran a $600 million ACWI ex-U.S. equity account for the $132.6 billion retirement fund.

By Timothy Inklebarger

People

North Dakota posts CIO/executive director job vacancy

North Dakota State Investment Board, Bismarck, has posted its search for a chief investment officer/executive director on the website of the National Council on Teacher Retirement.

By Timothy Inklebarger

Lebowitz named to top TIFF investment post

Laurence H. Lebowitz will become president and chief investment officer of The Investment Fund for Foundations on Sept. 16.

By Christine Williamson

Yellen, 2 other Fed nominees get Senate panel nod

The Senate Banking Committee backed the nomination of three candidates for the Federal Reserve Board, including San Francisco Fed President Janet Yellen for vice chairman.

By Bloomberg
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Blog Bank

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Charts

  • Treasury only one putting out more paper 1 of 10
  • Cash still not king 2 of 10
  • NCREIF index has good quarter 3 of 10
  • PPIP managers have another good quarter 4 of 10
  • Expected returns marching lower 5 of 10
  • Long short managers bring the alpha 6 of 10
  • Equities getting bad rap 7 of 10
  • Money market funds see inflows 8 of 10
  • Global economy still in growth mode 9 of 10
  • VC able to ring cash register 10 of 10

International

Commodities gain helps China wealth fund in ‘09

China’s sovereign wealth fund posted an 11.7% return on its overseas portfolio in 2009, reversing a loss a year earlier, as it raised bets on commodities to benefit from a rebound in global markets.

By Bloomberg    

Former New Star fund manager can sue over ‘bullying’

Patrick Evershed, a former New Star Asset Management Holdings fund manager, can proceed with a lawsuit over claims he was bullied by company founder John Duffield, a London court ruled Thursday.

By Bloomberg    

Korean National Pension Fund grows 5%

Total assets at the Korean National Pension Fund, Seoul, rose 5% to 292 trillion won ($236.3 billion) as of May 31, up from 278 trillion won as of Dec. 31.

By Drew Carter     View more

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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

Join Janine Baldridge, Global Head of Consulting and Advisory Services, Russell Investments and Bill Lee, Chief Investment Officer and Vice President, Pensions and Foundation Investments, Kaiser Permanente, for a lively discussion around the changes institutional investors have made and are planning to make in their portfolios with respect to alternative investments.

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