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CalPERS flooded with consultant RFPs after changes to wish-list
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.
Metlife: US Pension Risk Behaviour Index
Defined benefit (“DB”) plans in the U.S. account for $2.3 trillion in assets and cover nearly 42 million plan participants, of whom over 20 million are active employees, according to the U.S. Department of Labor.1 Though shrinking in number, these traditional employee benefit plans remain an important part of the investment and retirement security landscape.
Qatar Investment Authority chief warns banks to open up
The Qatar Investment Authority (QIA) is looking closely at taking stakes in banks across the US, Europe and Asia but its chief executive, prime minister, Sheik Hamad Al-Thani, warns banks to be open if they want to have meaningful relationships with sovereign wealth funds.
Dutch fund stumps up for collateral risk solution
In a sign of the paranoid times, huge Dutch pension administrator Mn Services has installed a collateral management offering, which forms part of a counterparty risk management suite tailored for this environment by Omgeo.
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