Table of Contents
Issue Date: Monday, April 28, 2014
The average funding ratio for the 100 largest U.S. corporate defined benefit plans jumped to 93.5% in 2013 — more than 10 percentage points higher than the previous two years and the highest since 2007, according to Pensions & Investments' annual analysis of corporate SEC filings.
Global money managers are looking to bolster their multiasset and diversified growth funds expertise in a bid to capture increased interest in the asset class and an anticipated boost to allocations from defined contribution plans.
Some Madison Dearborn Partners LLC investors might take a hit on the firm's investment in money manager Nuveen Investments — which it is selling to TIAA-CREF for $6.25 billion — but many are not going to abandon the firm just yet.
After years of controversy over the now-$86.1 billion North Carolina Retirement Systems' sole trustee structure, Treasurer Janet Cowell is about to work herself out of that job.
Money managers are seeing increased inflows in multiasset and alternative investment strategies from non-institutional clients, which some believe could be the beginning of a permanent shift.
Three stable value fund managers have this year lifted “soft closes” that prevented investments from most or all new clients, moves seen illustrating the continued strengthening of the stable value market.
Real estate fund administration might lag other alternatives back-office providers in terms of assets, but rising allocations in real estate and REITs by asset owners could send assets under administration in the sector skyrocketing in the near future.
BlackRock Inc.'s new license to invest directly in China's capital markets could prove a key to fending off increasingly fierce competition for the A-share exchange-traded fund business the giant New York money manager pioneered a decade ago.
Despite hedge funds having suffered the worst performance start to the year since 2011, industry assets hit a new peak of $2.7 trillion thanks to healthy net inflows.
Money management firms in China this year are seeing an Internet-fueled flood of assets into money market funds from a new generation of investors, a potential game changer in a region where people continue to keep the vast bulk of their savings locked in low-yielding bank deposits.
Detroit's 100,000 public employees will get a much better pension deal after negotiators for Detroit's two pension funds and the Retired Detroit Police and Fire Fighters Association bargained hard for days and nights over the city's proposed bankruptcy recovery plan.
Institutional investors were much more active hedge fund investors in 2013 than in the prior year, racking up a net total of $10.7 billion of investments, searches and terminations — a 16.7% growth rate.
Plaintiffs and a defendant have filed dueling requests to appeal a recent court ruling in the complex ERISA fiduciary-breach case of Tussey vs. ABB Inc.
Nominations for the 2014 Innovator Awards are due May 16.
In the wake of TIAA-CREF's purchase of Nuveen Investments Inc., industry watchers say there is more to come.
Regulatory requirements and increased best practices in swaps and derivatives trading have led to increases in collateral agreements, whether the trades are centrally cleared or not.
One small potential fly in the ointment regarding the growth of multiasset and diversified growth funds is the U.K.'s recently announced charge cap on defined contribution investment offerings.
The review of the $86.1 billion North Carolina Retirement Systems follows a similar forensic investigation of the $8.3 billion Rhode Island Employees' Retirement System, Providence.
RiskWatch provides recent data on volatility and correlation, the two components of risk, for U.S. and global equity and fixed-income markets.
A look at the defined benefit assets of the largest Canadian corporations.
Even though pension funds and other tax-exempt institutional asset pools don't pay taxes on their investment income, the taxes paid by the companies in their investment portfolios should concern institutional investors.
When looking at the situation from 10,000 feet, there might be reason to suspect some unethical conduct occurred with Pershing Square Capital Management LP's purchase of shares and options totaling 9.7% of Allergan Inc.
n recent years, master limited partnerships have gained increasing popularity among stock investors.
Lack of understanding about funding costs clouds the debate over public pension reform.
Advice for marketing asset management services.
The new mortality tables likely will become the basis of lump-sum calculations and pension funding valuations in the near future, as well as a standard for pension accounting measurements.