Latest News
10 March 2010
After watching the simultaneous declines of its market value and funded status during the financial crisis, the $204.8 billion CalPERS will conduct a full review of the methodologies underpinning its asset liability management (ALM) process.
10 March 2010
The 14 institutional investors participating in the climate change strategic asset allocation study, a collaborative between Mercer, Carbon Trust and the IFC, will all receive individual portfolio scenario analysis of how physical and policy climate change-related events could affect their portfolio at an asset allocation level.
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- Manager shakeup at Norway's SWF as real estate approved...
- ...while Ministry of Finance dictates new guidelines for responsible investing
- Institutions worldwide rethink passive exposures: Towers Watson
- Towers Watson changes the guard
- Private sector reform needed for US public funds: report
- AP2 appoints another new CIO
- France's SWF names manager selection committee
- CalSTRS expands active/passive decision making
- CalPERS rates reputational risk above investments
- ATP's split portfolio
- Ibbotson says Brinson 'not quite right' on returns
- CalPERS to commit $22bn to private equity
- US funds lag in risk management
- 'Periodic table' for investment shows case for diversification
- Mercer going cold on global shares as valuations pushed
- New private equity head for New York Teachers
- Australian Future Fund favours hedge funds
- Dutch pension schemes show relative conservatism
- Investors take credit in Say on Pay reform
- Washington State prioritises excellence
- CalPERS sets investment strategy
- UK Universities scheme focuses on emerging markets
- Norway's largest fund rejects passive management
- Passive tilt for Massachusetts state fund
- Ontario Teachers' buys UK schools from private equity
- Efficient indices outperform cap-weighted
- Hermes ready for institutions worldwide
- CPPIB restructures investment department
- Recovery 'square root' says Russell
- Financial services firms banish short-term bonuses: survey
- CalPERS' new sec lending risk controls
- Russell and State Street bullish on equities
- Towers Watson debuts quietly
- CalPERS hires Mercer for compensation review
- Pension funds to sustain climate change pressure
- Surprise on the upside for TRS' strategic parternships
- LACERS extends RFP for general consultant
- Alaska fills special opportunities bucket with real return mandates
- CalPERS, CalSTRS collaborate to build board nomination list
- Cost saving on radar for Canada's PSP as more assets come inhouse
- CalPERS' infrastructure consultant cuts fees
- CalPERS measures liqudity levels
- LACERS alters allocations to hedge against inflation
- UN fund increases equities exposure
- Tennessee finally enters private equity game
- Japan's pension giant hires, fires managers while buying up domestic bonds
- Texas investment pros given room for bigger bonuses
- Sweden’s AP3 on the hunt for active credit exposures
- HMC strengthens internal investment support with IT hires
- CalPERS gives external managers one more year, pending review
- Florida benefits from equities overweights
- Bahrain SWF may sell 25pc of Gulf Air
- Mubadala builds stadium for Abu Dhabi
- New ICGN Principles shift focus to behaviour
- CalPERS reviews consultant requirements as it goes to tender
- Maryland moves to strategic allocations profiting private equity and commodities
- Global flow data shows investor caution
- CPPIB chief calls for infrastructure privatisation
- Norway SWF posts booming quarter
- OMERS targets airports in strategic partnership
- NYSTRS reallocates to international passive
- Asia-Pacific's first life settlement swap
- CalSTRS shortlists general consultant under new approach to advisers
- Hermes plans aggressive global expansion for "boutique of boutiques"
- P8 told to cut developing world's carbon
- Joe Dear warns of "reform facade"
- Blackstone sets up in Shanghai with local fund
- China’s CIC goes public with investment strategy
- Not drowning, waving: quants on the comeback trail
- ING the latest to hive off funds management
- What the world needs now: greater surveillance on exchange rates
- QIA buys agribusiness, but not land, to feed Qatar
- Top 10 investment trends for sovereign wealth funds
- Securities lending headaches for US institutions
- High fees spoiling infrastructure funds
- UK bulk annuity market set to resume growth - Mercer
- Pension funds to talk climate change with the Prince
- Constitutionality of Cuomo’s Common Fund reforms challenged
- AustralianSuper rethinks hedge funds
- Alaska continues self assessment with special meeting
- LACERS prioritises local companies
- Investors seek liquidity in hedge fund managers: Preqin
- Hedge fund responds to crisis with backdoor listing
- CEM survey reveals private equity partnership details
- Why US funds can drive harder fee bargains
- How to save 20-50bps: Russell’s move on Asian pension funds
- UAE and Malaysia strengthen investment ties
- Slump in funds underscores industry restructure
- GIC claws back half of 20 per cent investment loss
- HMC to increase in-house management
- Ohio suspends incentive pay for investment staff
- SWFs return home after run of cross-border deals
- USS funded status plunges as assets fall 25 per cent
- CalPERS on path to improving risk intelligence
- TRS invests in PE, eyes opportunistic real estate
- DNB approves Shell recovery plan
- Canadian funds delve into performance drivers
- US manager search activity targets bonds
- CalPERS' absolute return mess
- First US mandate for ESG-focused emerging market equities
- Swedish pension fund collaboration to influence local market
- Crisis will force private real estate to go public
- Aabar eyes piece of Manhattan
- FRR joins oil payments transparency initiative
- ATP staff reduce own CO2 emissions
- Mubadala, GE set to make first JV co-investments
- Cambridge maintains hedge fund exposures for endowments
- Russell changes tune on TAA
- Big pension funds keep on getting bigger … relatively speaking
- Giant Norwegian SWF sizes up active management
- New York examines investment transactions for non-compliance
- CPPIB consortium purchases Skype majority
- CalsTRS initiates active/passive review
- UK’s Lothian Pension Fund boosts alternatives
- New method for incentive compensation at CalPERS
- AP2, AP4 hail active management
- NYSTRS leaves UNPRI but remains committed to governance
- CalPERS' securities lending loss
- End of an era as APG appoints new CIO
- New York fund manages in-house environmental funds
- Water management new focus area for Norway giant SWF
- SWFs to alter allocations for a more optimal portfolio
- CalPERS seeks real estate consultants
- CIC to invest cash, as global portfolio returns -2.1 % for the year...
- …. as 14-member international advisory board named
- SWFs eye offshore deals after quiet Q1
- Consultant warns of PPIP risks
- Emerging markets drag up ABP's coverage ratio
- Caisse pulls out of risky real estate after $5 billion write-down
- Harvard endowment in hiring mode
- OMERS splits CIO function in strategic revamp
- CalPERS and Macquarie in tit for tat property deal
- Teachers argues against private placement voting rights
- Temasek expands co-investment platform
- Mercer widens release of DB liabilities management service
- CalPERS' CEO and CIO performance on offsite agenda
- Active management under pressure as US funds underperform
- KIA to divest big stake in Kuwait telco
- Focus on income generation will yield most alpha: McCulley
- Abu Dhabi looks starwards with space tourism investment
- CalPERS and CalSTRS lose a quarter of their assets
- US instos call for new authority on market risk
- Pooled funds versus discrete mandates: which is better?
- Abu Dhabi SWF to send $1bn to Malaysia
- NYC pension funds divest from Iran
- Plan sponsors remain committed to DB schemes
- USS, ABP and PGGM collaborate on real estate
- CalPERS considers water bonds
- Hermes chief calls for mandate overhaul
- Schapiro considers action on pay to play
- Alternative sought to EU manager directive
- UK funds keen on longevity swaps over annuities
- Shareholder influence under question: ICGN conference
- Future Fund takes big step for corporate governance
- CPPIB expands infrastructure investments
- Qatar looks to China for more investments
- Carbon risks reduced by good stock selection
- Funds management industry faces radical reshaping through M&A activity
- Alternative investments on the wane: Watson Wyatt
- Timor’s SWF awards first external mandate, begins global equities search
- CalSTRS’ proxy proposals effect carbon disclosure change
- $38b UN fund to review ALM
- CIC to invest 6% in hedge funds by 2010
- Pension funds and FoFs continue to wade into cleantech funds
- “eBay” for SWFs to provide asset listings
- FRR completes review, reduces equities
- KIC partners with Australian, Malaysian sovereign peers
- CalPERS limits derivatives use
- Taiwan fund manages large offshore search
- CFA members vote on short selling rules
- OMERS widens its scope to third-party offerings
- CalPERS officially alters asset allocation, reduces discretionary ranges
- New York fund fulfills green promise with $200m Generation mandate
- Asset class review inspires opportunistic allocation at CalPERS…
- …..as consultant assessment initiates changes to internal equity team and technology
- Kazakhstan SWF invites global equity managers aboard
- Temasek’s strategic outlook extends to emerging countries
- Big pension funds list their target asset classes for next 3 years
- Meet Invest AD, gateway to MENA opportunities
- CPPIB changes asset weights, expands risk management...
- …as executives take pay-cut
- SWFs struck at financial crisis epicentre: $50b in losses from financials
- French SWF picks Mubadala for first co-investment pact
- Norwegian SWF pushes equity exposure beyond 50pc amid Q1 losses
- Another big equity manager calls the bottom
- Equity managers show performance persistence at last
- US investors and managers hold firm on strategies
- Arizona expands allocation ranges, freezes private investments
- Abu Dhabi funds advance on JVs with Western investors
- Bps speak: the real value in internal management
- US plays catch-up, institutions applaud ‘say on pay’ reforms
- World Bank's new asset management division targets SWF co-investment
- CalPERS formally adopts placement agency policy….
- …as New Mexico Governor latest to ban third-party marketers
- Risk reduction pays off for ABP
- US funds change strategies in preparation for termination
- Global search activity down, but US pension funds hire and fire
- Governance review to facilitate speedy decisions at SWFs
- Australian Future Fund piles into debt
- UK pension funds given property investment incentives
- ICGN appoints Rosen to ex dir as Simpson departs to CalPERS
- Decision-making revamp crucial to exploiting investment opportunities
- CalSTRS makes allocation changes at expense of equities
- Opportunities vast in credit, but public markets less risky: Wurts
- $100b mismatch in private equity secondaries demand and supply
- UniSuper’s proprietary risk program challenges investment assumptions
- Beware the illiquidity delirium when buying-up credit
- Abu Dhabi fund hires up for regional M&A service
- European funds look to alternatives to manage future risk
- Hedge fund investing to make a comeback - CaseyQuirk
- Dutch funds reduce risk as recovery plans kick in
- Volatility sparks complete risk management review at CalPERS
- AustralianSuper aims for beta returns after big cuts to active equities
- Swedish AP funds exclude 10 companies due to ethical breaches
- ….while ICGN urges IASC to prioritise investors’ views in accounting
- Index composition changes create opportunities for bond managers
- SWFs eye private real estate funds
- OMERS' new co-investment entity gateway to private deals
- Shareholder engagement crucial to returns: Australian Future Fund
- Lessons from the crisis and the seven deadly sins of funds management
- Beware of PE secondaries ‘rubbish’ as dealflow rises, valuations drop
- US congress challenges Bernanke on bankers' performance pay
- Man Group takes the funds out of hedge funds
- Economic recovery will bring inflation back from the dead: Partners Group
- Hermes FM to implement "responsible" management
- US funds favour global equities allocations
- US funds rally against corporate mergers
- Co-investment opportunities come to the fore
- Desperate times for US corporate plans
- European funds start rebalancing process
- Wilshire to drop Dow Jones for index provision
- Big 10 of US pensions group to guide new regulations
- Sellers galore, but buyers wait in PE secondaries market
- Barclays looks to cash in its iShares chips
- Abu Dhabi fund hires PE head for mid-market buyout ‘charge’
- New Jersey winds back alternatives program
- Record losses for UK DB plans underscored by reliance on markets...
- ...as Government quantitative measures push up liabilities
- European asset allocators fall short of academic best practice
- Giant Texas plan defers performance pay for execs
- Feeling the force of falling endowments
- SWFs experience 18 per cent growth amid global downturn
- Private equity NAVs to fall further, but 80% discounts are unjustified
- US endowment slams consultants
- China the next big asset allocation decision prediction
- CalSTRS to vote on tactical asset shift, new “innovation portfolio”
- Asia and South America focus for SWFs
- Endowments need to think short term to counteract GFC
- Full transparency of big hedge fund positions from now on: AIMA
- Investors not willing to pay for alpha: Mercer
- SWF investors in Citi to face dilemma if US govt ups its stake
- Canada consults on private pensions
- CalPERS flooded with consultant RFPs after changes to wish-list
- Callan, Mercer deal threatens independent consulting model
- ‘Less verbiage, more detail’: hedge funds told to open up
- ADIC opens up MENA for big German bank
- Talk of five-year crisis not out of the question at Watson Wyatt
- Malaysian investments favour domestic, cross-border strategies
- Australian Future Fund takes piece of private equity giant
- GFC fallout hits funds as AP2 reports losses
- Back to the future as traditional mandates tipped to surge
- ABP to submit recovery plan as coverage ratio falls 50%
- Qatar Investment Authority chief warns banks to open up
- Fed announces custodian for Freddie, Fannie MBS program
- Dutch fund stumps up for collateral risk solution
- How to reduce volatility through a single strategy
- Large hedge funds to dominate as banks, small funds withdraw
- Markets have not decoupled, but Asia still presents opportunities: Mercer
- UK deficits of DB schemes blow out to $48b
- Libyan SWF to lift the veil on investments
- Janus launches US-style European equities fund – a sign of things to come
- Crisis pushes Europe to independent asset manager model
- Managers see recovery in global equities, funds should learn their lessons
- Upgrade in sophistication for LDI strategies as demand rises
- OECD calls for reform of pension policy
- Pension funds fooled by Madoff
- No luck for Irish pensions
- A new type of beta – ‘opportunistic’ – emerges for 2009
- The return of income – a season of plenty
- Believe it or not: US managers indicate record bullishnes
- Don’t fret the normal discipline with rebalancing - Callan
- DB fund deficits blow out to near $100b for the month
- Predictive power found in manager culture assessments
- Some positives to flow from all this mess – Watson Wyatt
- CIC’s Gao tips US dollar to resume decline
- CalPERS appoints first woman CEO
- Korean sovereign fund to make first alternatives allocation
- Fired by NZ Super, ex-CIO may now direct it
- SWFs lured to MENA private equity: Preqin
- Consultants could be smarter - US public fund CIO survey
- Year of transition ahead as funds get set to punish managers
- China’s rate response good news for shares
- Suspend securities lending: Watson Wyatt
- NZ Super better than average on UN PRI
- Hedge funds regain high ground in war of words
- Asset management buying opportunities for multi-affiliates
- One thumb up for SWF Santiago Principles – Deloitte report
- The probability game in emerging market debt
- Short-selling bans reduce market efficiency
- Asia Pacific endowments lag with alternatives
- Future Fund chair blasts ‘predatory’ infrastructure model
- Europe faring better than US for bank finance
- Election aftermath: history says little hope of rapid recovery
