Roller-coaster ride for US corporate plan funding
While US corporate pension funds enjoyed their best month this year, in September, they remain chronically under-funded, according to the latest figures from Mercer Investment Consulting.
‘We are way ahead’: How Fairfax County bagged staggering crypto returns
Fairfax County Employees’ Retirement System says its allocation to digital assets has become the best-performing investment in the fund’s history. The $6.3 billion pension plan first invested in blockchain infrastructure and digital assets through venture funds in 2019, and early distributions are now beginning to arrive.
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CalPERS punishes BlackRock for Stuy Town disaster
Another page has turned in the history of the Stuyvesant Town – Peter Cooper Village apartment buildings in New York, as iconic as they have been controversial since their initial construction in the 1940s. CalPERS, America’s largest pension fund, has terminated BlackRock, one of its property managers which led a 2006 purchase of the 80-acre
Deflation: the taboo which needs to be examined
The funds management industry is famous for its navel-gazing. After a crisis, you can just imagine how much of it goes on. But, perhaps, that self-examination may provide more rewards if it starts to actually look at industry taboos rather than accepted practices.
New world order: Mercer offers its blueprint to cope
Mercer Investment Consulting has produced its foreshadowed paper on global equities, which urges clients to have a major rethink about their benchmarks and portfolio construction. Greg Bright spoke with the paper’s main author, Nick White.
Of cobras, newspapers and the Manchurian incident
Forget the Taiwan issue and China Sea disputes with Japan, the biggest threat to national security for the Chinese people went largely unnoticed last week: 160 illegally bred king cobra snakes escaped captivity from a farm on the outskirts of Beijing.
Venture hangs on to long-term pole position
Venture capital has been through probably its worst decade ever as an institutional investor asset class, as private equity – as dominated by buyouts – recovered over the past few quarters from some of the ground lost during the global financial crisis.
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