A report into Californian pension funds calls for administrators and government to radically redraw how they calculate benefits to members to cut government contributions and address a looming funding crisis. (more…)
The fnancial crisis has triggered a series of regulatory initiatives that are set to infuence the competitive landscape for European asset managers. While pre-crisis regulation focused largely on market effciency, many of the new measures are focused on issues of investor protection. The pace and rigour of these developments may increase complexity and cost, with potential implications for the way in which asset managers structure their businesses and plan their strategy. New regulation will create both challenges and opportunities for Europe’s investment management industry, and redefne the criteria for success.
Sovereign wealth funds will consider the implications of capital flows and the build-up of foreign exchange assets in Beijing next week at the third annual SWF international forum. (more…)
European pension funds are increasingly worried about inflation and are taking action to diversify their investments to include a range of inflation-linked debt and are looking to emerging markets, a new survey reveals. (more…)
The Teachers Retirement System of Texas (TRS) has outlined a set of five investment performance measurement priorities, which include a new detailed quarterly report for the internally actively managed $19.9 billion global best-ideas flagship fund, and incorporating external managers’ signals into the investment process to enhance performance. (more…)
The extensive use of derivatives has been a big contributor to the C$35.7 billion ($37.4 billion) HOOPP reaching fully funded status. Jim Keohane, chief investment officer, explains how the fund manages its assets and liabilities through liability-hedging and return-seeking portfolios and the role derivatives play in dialling risk up, or down.
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