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pensions

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Latest Headlines

Pensions turn to alternative investments

It’s no secret that pensions, facing cringing future liabilities as the ranks of pensioners grow, are near-desperate for returns. They have turned aggressively to alternative investments, much to the cheer of hedge funds and private equity funds. But is this a mistake? It could turn out quite

Bank of America's Moynihan a model of CEO compensation

No issue has been more rancorous in the banking industry than executive pay, CEO pay in particular. The rhetoric has been heated on all sides. But as stock prices have tanked, we're seeing a de facto change in the compensation structure of a few CEOs, chief among them, Brian Moynihan, of Bank

NYSE shareholders likely to pick Deutsche Bourse deal

The clock is ticking in the battle for NYSE Euronext, and shareholders are feeling some pressure to resolve the issue. We'll likely see a vote this summer. A New York Times columnist suggests that shareholders will probably lean toward the Deutsche Bourse deal, given that it seems a bit mo

How much will pensions invest in hedge funds?

A lot of institutions got burned in the hedge fund pyrotechnics that flowed from the financial crisis. But pensions are as interested as ever in investing in hedge funds specifically and alternatives generically. Agecroft Partners predicts that pension plans will significantly increase their exp

Securities lending backfires on banks

Securities lending has a reputation as a sleepy sort of backwaters on Wall Street, rife with rough-and-tumble practices as unsavory brokers search for shares that can be lent. Wall Street banks, sensing opportunity, created programs that called for big institutional clients, mainly pensions an

KKR's marketing event for investors

Fund raising is much tougher for private equity firms these days. The days of near-$20 billion funds seem to be long gone. But for some, the time of fund raising is now. And you perhaps need to pull out all the marketing goodies. Kohlberg Kravis & Roberts has "invited existing investors to

New era in private equity setting in?

The golden era of private equity ( private equity news) ended years ago. But talk of a resurgence has been going ever since. There's been sporadic bursts of good news, when sponsor-backed IPOs heated, for example, or when a few deals returned to the headlines. Bloomberg notes the new er

Should more pensions get tough with hedge funds?

A few pensions have broken new ground when it came to pressing hedge funds to be more transparent about their fees and other dealings. For several years now, CalPERS has been aiming to secure better terms with all alternative investment funds. The massive pensions tells ai5000 that it's

Study highlights problems with private equity industry

A recent study highlighted by Financial Times takes a few stabs at some sacred cows of the private equity industry ( private equity news). Consider the hallowed alignment of limited partners and general partners. The study, by a former investment banker for Morgan Stanley for the Center for

What's next for the SEC's Structured and New Products Unit

Fresh off a settlement with Goldman Sachs (NYSE: GS ), the Structured and New Products Unit at the SEC ( SEC news) is riding high. The Washington Post details some of the unit's lofty ambitions. The Goldman Sachs case was the first one launched by the unit. And there may be more ahead.