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.
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 site, after a 12-year relationship.
HOOPP ‘healthy’ building to reduce energy by 50 per cent
The Healthcare of Ontario Pension Plan (HOOPP) Realty-owned AeroCentre V opened in Mississauga this week, a cutting edge “healthy” office building with features that include windows that open, and natural light that will help will reduce energy consumption 35-50 per cent. Click here to read more.
Understanding factor risk: uses and limitations
This paper by Russell executives, Symon Parish and Peter Ballantyne, looks at how factor analysis can provide a better understanding of why investments might be strongly or weakly associated.
Make the most of your funds managers
Access to investment smarts and better fee alignment are just some of the benefits institutional investors can gain through their mandates with funds managers, says Craig Baker, global head of manager research with Towers Watson.
Conservative overweighting hinders world’s largest investor
An overweight allocation to domestic bonds has not helped the world’s largest investor in the June quarter, with a massive $42 billion shaved off the assets of the ¥116,802 billion ($1.37 trillion), Government Pension Investment Fund of Japan (GPIF).
