A growing number of money managers are turning to the renminbi qualified foreign institutional investor program as their conduit of choice to provide clients with direct exposure to China's domestic stock and bond markets.
CalPERS trustees are developing contingency plans to find replacements for Chief Investment Officer Joseph Dear, CEO Anne Stausboll and other top staffers in the event they can no longer serve in their roles.
A move by an increasing number of infrastructure investors into direct and co-investments is putting more pressure on investment consultants, already squeezed by money manager competition and investor efforts to lower fees.
The University of California system has engineered a major restructuring of its three defined contribution plans aimed at cutting fees and simplifying investment choices for 43,000 participants investing a total of about $17.5 billion.
December saw continued improvement in the funded status of U.S. corporate defined benefit plans, according to monthly reports from BNY Mellon Investment Management's investment strategy and solutions group and Milliman.
In early January, State Street Global Advisors, which manages $392 billion in SPDR ETFs, launched three actively managed exchange-traded funds with MFS Investment Management. That same week, Emerging Global Advisors and The TCW Group announced plans to market three emerging markets investment-grade bond index ETFs under the EGShares brand with TCW serving as subadviser.
The State Employees Association of North Carolina has stepped up pressure on state Treasurer Janet Cowell in recent months as she prepares to flex newly won legislative authority to raise the alternative investments allocation of the $83.1 billion North Carolina Retirement Systems, Raleigh.
A farewell speech by Michael Bloomberg in New York, a new report on the future of Los Angeles and concerns expressed by Chicago's mayor all underscore the need to address the looming financial crisis that affects the country's three largest urban centers.
Thinking back to 2007 — before the financial crisis — public pension plans in the aggregate had nearly 90% of the assets on hand required to pay retirement benefits due decades in the future. However, like all investors, public pension funds took a deep hit when the financial markets melted down in 2008.
With the recent announcement of Fed tapering due to start in January and the expectation of tighter U.S. dollar policy as normalization of growth gets underway, the investment landscape is likely to be transforming.