CalPERS has received 17 applications in response to its RFP for a general pension consultant services spring-fed pool – four times the applications of its last review – and will select consultants during its April 20 investment committee meeting.
The A$60 billion Australian Future Fund has joined other global investors, taking a stake in one of the world’s largest private equity firms.
The Qatar Investment Authority (QIA) is looking closely at taking stakes in banks across the US, Europe and Asia but its chief executive, prime minister, Sheik Hamad Al-Thani, warns banks to be open if they want to have meaningful relationships with sovereign wealth funds.
The US Federal Reserve has chosen J.P. Morgan to provide custodial services for its program to purchase mortgage-backed securities (MBS) from now nationalised government-sponsored enterprises, Fannie Mae, Freddie Mac and Ginnie Mae.
As the end of the year approaches, the issue of rebalancing for pension funds – a vexed one in the market volatility of the past year – is becoming more acute. US-based adviser Callan Associates is advising clients to depart from the normal disciplines around rebalancing in these extreme conditions.
Next year will herald a “new paradigm” for investors where income once again becomes a focus of thought, according to the global head of institutional investments at Fidelity International, Michael Gordon.
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