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.
Pension Provision and the Economic Crisis
In the wake of the economic downturn, a 2009 survey of more than 100 UK pension schemes by the National Association of Pension Funds challenges the optimistic views reported in the association’s annual survey in July last year.
Endowment model endures despite alternatives pain: Cambridge
As Harvard Management Company (HMC) begins shedding 25 per cent of its workforce after incurring a 22 per cent loss since the beginning of the financial year, its investment consult, US firm Cambridge Associates, says the “endowment model” is not impaired.
ABP to submit recovery plan as coverage ratio falls 50%
ABP, the world’s third largest pension fund, faces serious underfunding as a result of the financial crisis and will have to submit a recovery plan to De Nederlandsche Bank by March 31.
Australian Future Fund takes piece of private equity giant
The A$60 billion Australian Future Fund has joined other global investors, taking a stake in one of the world’s largest private equity firms.
GFC fallout hits funds as AP2 reports losses
Andra AP-fonden, Sweden’s Second Swedish National Pension Fund (AP2) has taken a big hit from the turmoil in global markets, its capital value falling by SEK55.1 billion ($US6.6 billion) in 2008.
