A handful of constitutional amendments on the Nov. 6 ballots across the U.S. would affect public pension plans in a variety of states, but none goes very far toward reducing existing unfunded pension liabilities, even in the worst-funded states.
Aggregate assets in 130/30 strategies declined 24% since their heyday in September 2008, but a few top managers have had a field day since then, scooping up the few searches that have been put out to bid.
Defined contribution executives express a surprisingly strong interest in retirement income options and an overwhelming ho-hum on the value of new fee disclosure rules, a survey by Pensions & Investments and Rocaton Investment Advisors LLC shows.
Total assets under management of the world's largest 500 managers fell 2.5% in 2011 to $63.1 trillion, and have yet to reach their pre-crisis level, according to the annual Pensions & Investments/Towers Watson World 500 ranking.
A dispute between executives at Western Asset Management Co. and parent Legg Mason Inc. over who should handle distribution in the defined contribution and retail markets is fueling the two firms' possible split.
With a too-close-to-call presidential race and congressional races that are expected to maintain a Republican-controlled House and Democrat-led Senate, there are two certainties that incoming officeholders need to address — a $1.1 trillion federal budget deficit and tax reform.
Verizon Communications Inc. purchased an annuity contract with Prudential Insurance Co. of America for about 25% of its pension liabilities just when demand in the high-quality corporate bond market is starting to supplant supply in a low interest-rate environment.
Market gains in the third quarter benefited the largest publicly held institutional money managers, although continued investor hesitancy in a volatile market — and in the face of the upcoming election — kept net inflows relatively low.
A handful of U.S.-based investment consultants continue to expand in a challenging Asia-Pacific marketplace dominated by sovereign wealth funds and national retirement plans, betting that the region's fast-paced growth will open up new business opportunities over the medium term.
Executives overseeing investments for sovereign wealth funds and national pension plans, at a recent hedge fund conference, agreed on the need to stay focused on long-term investment goals amid capital market volatility.
BlackRock Inc.'s strategy to offer 10 low-cost exchange-traded funds for buy-and-hold investors will cost it revenue at the outset, but analysts say the effort to reclaim business and market share it has lost in recent years is generally positive long term.
For the past several years, many of the biggest pension and endowment funds in the United States have listed exchange-traded funds among their largest internally managed equity holdings, buying ETFs for exposure to international stocks, commodities and precious metals.
Breaking a tradition established during the 1984 elections, presidential candidates Mitt Romney and Barack Obama each declined to participate in an employee benefit questionnaire submitted by organizations representing benefits professionals, along with Pensions & Investments.
In election season, politicians ask: Are you better off than you were four years ago? But pension funds should ask: Are they better prepared to deal with the risk and return challenges that lie ahead than they were when the financial market crisis struck?