Anything but .01%
By Bill Gross November 19, 2009PIMCO's Bill Gross, fed up with earning 0.1% on money market funds, is looking to utility stocks to provide better returns.
North Carolina eyes in-state private equity investment
By Doug Halonen November 19, 2009North Carolina Retirement Systems, Raleigh, issued an RFP for a private equity manager to run up to $250 million in an economically targeted fund for “investment opportunities with significant...
Tennessee assigns $25 million to Draper Fisher fund
By Christine Williamson November 18, 2009Tennessee Consolidated Retirement System, Nashville, committed $25 million to Draper Fisher Jurvetson Fund X, according to Lamar Villere, director of private equity. The commitment is the...
Boeing preps $1.7 billion in hedge fund searches
By Barry B. Burr November 18, 2009Boeing Co., Chicago, plans to search early next year for direct hedge funds to invest almost $1.7 billion, said Andrew Ward, CIO.The searches will begin after officials at the $43.6 billion...
Michigan pension plan, other investors sue Boeing
By John Pletz November 17, 2009Boeing is being sued by shareholders, including the $202 million Livonia (Mich.) City Employees Retirement System, who claim the company misled them about problems with its 787 Dreamliner, which has been plagued by setbacks.
Here's why buyout firms are flooding IPO market
By Arleen Jacobius November 16, 2009Private equity firms are dolling up companies for initial public offering as a way of easing the $1 trillion of buyout debt weighing down their portfolios.
Hedge fund managers make it three quarters in a row of upside
By Christine Williamson November 16, 2009Hedge fund managers retained their gains and posted respectable returns for the third straight quarter. All 22 of the hedge fund and fund-of-funds strategies tracked by Morningstar turned in positive average performance for the three months ended Sept. 30.
Top-performing fixed income managers: Long-term strategies shine
By Timothy Inklebarger November 16, 2009Long-term bond strategies led the pack for the year ended Sept. 30, although high-yield and multisector strategies began to move back onto the list of top performers in Morningstar Inc.'s separate accounts/collective investment trust database.
MassMutual forges deal with Ironworkers district
By Timothy Inklebarger November 16, 2009Ironworkers District Council of Southern Ohio & Vicinity Annuity Trust, Vandalia, Ohio, hired MassMutual Retirement Services as bundled service provider of its $243 million Taft-Hartley...
Nestle picks Northern Trust for global custody
By Thao Hua November 16, 2009Nestle Capital Advisers hired Northern Trust to provide global custody for two cross-border pooled funds it runs, according to NCA CEO Jean-Pierre Steiner.NCA — Nestle’s...
Possible unexpected costs of proxy access
November 16, 2009Shareholders should be careful what they wish for in terms of proxy access.
Proxy access reinforces the capitalist way
By Mark Anson November 16, 2009If the third time is a charm, investors might luck into proxy access.
Top-performing equity managers: Mid- small-cap strategies reign
By Randy Diamond November 16, 2009Further indications of an economic recovery and a prevalence of successful midcap and small-cap equity strategies surfaced in the third quarter in Morningstar Inc.'s separate account/collective investment trust database.
Green groups taking battle to U.N. conference
By Thao Hua November 16, 2009Pension industry organizations fighting for greener investment strategies are taking their campaign to the United Nations Climate Change Conference in Copenhagen next month.
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