Table of Contents
Issue Date: Monday, September 3, 2012
Pension funds and retirement security are featured topics in both Democratic and Republican platforms, but the focuses are different.
The upside potential for core government bond investors in major developed nations is shrinking, leading some to globalize their sovereign debt investment strategy to reduce risk while adding potential sources of returns.
Several high profile court cases and the prospect of more might be writing the next chapter of public pension reform, as bold - or desperate - legislators take aim at current workers' benefits, once considered untouchable.
The California Legislature approved an overhaul of the state's public pension laws on Friday, rolling back benefits to pre-1999 levels.
Fixed income's dwindling return expectations and equities' volatility are causing institutional investors to lean more heavily than ever on alternative investments.
Rabobank, the latest European bank to seek a single buyer for its far-flung money management business, could prove more successful at finding a purchaser than recent competitors.
A 5-year-old investment by CalPERS that was expected to earn handsome returns and help to reduce cost CalPERs pays to provide health care for its members has yet to pay off.
New fee arrangements, emerging in response to institutional investors' push to cut costs, could put pressure on revenues of both investment managers and consultants.
Hedge fund managers hungry for institutional assets are increasingly willing to incorporate exclusionary screens into their investment approaches to keep portfolios in line with the socially responsible investment values of church-affiliated investors.
There's room for more than one equity real estate index.
The Eddy Awards, which began in 1995, recognize plan sponsors and service providers that epitomize the best practices in providing investment education to defined contribution plan participants.
Pensions & Investments and Rocaton Investment Advisors are surveying defined contribution plan executives on a few hot-button issues — stable value and other conservative investment options, fees and revenue sharing, and retirement income solutions.
Japanese investors would have benefited from a risk-parity strategy during the ‘lost decades.’
Unlike the other cost-cutting initiatives, which deal primarily with search-related fees, Jason MacQueen is proposing a complete revamp of manager/investor fee model.
Faith-based organizations are on a mission to construct hedge fund portfolios that are compliant with the same screens they've successfully applied to the rest of their portfolios.
The NCREIF Property index, the industry standard for more than 30 years, is no longer the only game in town. Investors have a lot more choices today and new indexes are popping up all the time.
The Pension Protection Act does not prohibit an employer from withdrawing from a multiemployer plan that is in critical status, according to a ruling by the 2nd U.S. Circuit Court of Appeals in New York.
United Parcel Service Inc., Atlanta, expects to pay $1.2 billion in withdrawal liability from the $2.6 billion New England Teamsters & Trucking Industry Pension Fund, according to a UPS statement.
The management team of McMorgan & Co., a money management firm focused on Taft-Hartley clients, bought back the company from parent New York Life Investment Management.
The Teachers' Retirement System of the State of Illinois, Springfield, committed a total of $375 million to four managers, approved a search for its first private equity secondary market consultant and began a discussion about lowering its assumed rate of return, confirmed spokesman David Urbanek.
The Department of Labor is suing Michigan vehicle parts manufacturer Metavation and its investment adviser to recover $34 million in defined benefit plan assets that the agency claims were misused.
Florida State Board of Administration's Investment Advisory Council hired Mercer for compensation consulting services in an effort that could produce recommendations to restructure staff pay levels.
EIG Global Energy Partners, an energy investment team that spun off from TCW in 2009, announced Aug. 21 that it is suing TCW to stop a buyout of the money manager because of the involvement of private equity firm The Carlyle Group.
A Texas judge has ruled that W.R. Huff, founder of private equity and high-yield investment manager W.R. Huff Asset Management Co., along with the Huff Energy Fund, a Huff executive and a Huff portfolio company, must place leases on 46,130 acres into a constructive trust as well as pay $95.5 million in cash to another portfolio company, Longview Energy Co.
In a year of poor equity returns, assets of the world's 300 largest retirement funds rise 1.9%.
China's economy is now the world's second largest, and the greater China equity market — comprising mainland China, Taiwan, Hong Kong and Macau, at approximately $6.1 trillion in market capitalization — already has surpassed Japan's as the world's second biggest.
Market shifts might change the investment opportunities available, but Roxanne Martin and Scott Schweighauser at Aurora Investment hold to their process.