The two largest state public pension funds in the US – the California Public Employees’ Retirement Sysrtem (CalPERS) and the California State Teachers Retirement System (CalSTRS) – have filed a joint motion with the US District Court, Southern District of New York, to be designated lead plaintiff in class actions against Bank of America stemming from its merger with Merrill Lynch.
Hermes FM to implement ‘responsible’ management
Hermes Funds Management, 100 per cent owned by the UK’s largest pension scheme BT pension fund, will implement “responsible asset management” across its entire product range.
Future looks bright for hedge funds
US consulting firm, Hammond Associates’ most recent alternative investments report, which highlights the fact there were very few places to hide in 2008, outlines the performance of the various asset classes and the outlook for the sector.
Desperate times for US corporate plans
Investments of more than $100 billion are required to rebalance the equity allocations of the largest US corporate defined benefit plans, as they join their international peers, registering record losses for 2008 and pushing them deep into underfunded territory.
Casey Quirk’s Global Asset and Flows Review
Casey Quirk has released its inaugural Global Asset & Flows Review, powered by eVestment Alliance. This new publication, issued quarterly, provides key information about estimated assets under management and net new inflows reported by fund managers worldwide, with a particular focus on the U.S. institutional fund management marketplace.
Hedging pays off for Industriens Pension
Industriens Pension is one of very few pension funds globally to achieve a positive return in 2008. Kristen Paech talks to chief investment officer, Jan Ostergaard, about what drove the positive return, and the fund’s upcoming merger with two small Danish funds.
