CalPERS and CalSTRS lose a quarter of their assets
America’s two largest pension funds both lost around a quarter of their market value in the fiscal year ended June 30, in what was the biggest ever single year decline for CalPERS.
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NYC pension funds divest from Iran
The five New York City pension funds selling shares worth $10.8 million in two companies with business ties to Iran have been asked to adopt resolutions for the phased divestment of holdings in eight more companies with ties to the country which, in total, have a market value of more than $141 million.
How to allocate if the world has changed forever
The financial crisis has challenged pension funds to rethink standard asset allocation models, but as Jonathan Armitage, head of US equities at Schroders observes, a lot of investors are questioning whether they need to react.
Crisis fails to derail support for ESG
A new report commissioned by the International Finance Corporation (IFC), a member of the World Bank Group, has found environmental, social and governance investment criteria in emerging markets are being embraced by most of the asset management community despite the economic crisis.
USS, ABP and PGGM collaborate on real estate
Three of Europe’s largest institutional investors have teamed up to investigate the way environmental issues are assessed and managed by real estate companies.
Alternative investments on the wane: Watson Wyatt
Pension funds reduced new commitments to alternative investments in 2008 amid a tepid decline globally in alternative assets due to capital calls and some hedge funds freezing redemptions, new research has found.
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