The normally sedate actuarial world has been rocked by an ugly feud between the board of the American Academy of Actuaries and the president-elect it's trying to oust.
Most publicly held money managers posted higher-than-expected earnings in the second quarter, helped by the recent market rally.
PIMCO is using tail-risk hedging to guard against catastrophic events like the current financial crisis — a method that has allowed the company to take advantage of market weaknesses instead of succumbing to them.
CalPERS needs to earn 7.6% a year over the next 15 years to become fully funded but that might be just pie in the sky, one of the investment world's leading lights told the pension fund's board.
The end of the recession is in sight, money managers say.
No-brainers and surprises were among the Treasury Department's list of nine money managers — plus their partners and subadvisers — picked for the Private-Public Investment Program.