CalPERS, the US$182 billion Californian public pension fund, has promoted its CIO to the vacant role of CEO – Anne Stausboll becomes the first woman to run the fund in its 77-year history.
CIC’s Gao tips US dollar to resume decline
He has not gone public very often with his views, but when he does Gao Xiqing, president of China Investment Corporation (CIC), is sure to be heard. He spoke out this month with a range of opinions including his expectation that the US dollar would resume a downward trend soon.
Predictive power found in manager culture assessments
Quantitative measurements of the culture of funds management firms can provide indications of the future success of those companies and also their ability to retain personnel, a study by researcher InvestmentQ finds.
DB fund deficits blow out to near $100b for the month
America’s 100 largest corporate pension funds haemorrhaged US$95 billion in November alone, the highest monthly losses of 2008, after interest rate cuts and asset losses owing to global financial turmoil.
Strategies, and a bit of luck, working for London council fund
For the past two months, a document has sat on the home page of the London Pension Fund Authority (LPFA) which would be the envy of many of its fellow defined benefit schemes. The document is simply, unequivocally headlined: “Your Pension Is Safe”.
Jockey Club to place its bets on distressed funds
The US$7 billion Hong Kong Jockey Club fund is looking to invest in the new year into some secondary private equity and distressed debt and equity funds, to take advantage of opportunities presented by the global financial crisis.
