Tag:
public pensions
Latest Headlines
Latest Headlines
Roots of CalPERS woes are political as well as financial
When we think about public pensions and the tough spots they are in, we tend to think in terms of performance. But the current situation, as far as CalPERS is concerned, is political as well.
Pensions to leverage up to bet on debt
Recent economic woes have left public pensions in quite a mess. Their assets continue to lag expected liabilities, and that has all of them quite nervous--and under pressure. For future pensioners,
Corporate pensions to raise allocations to hedge funds
There's been a lot of talk over the past year or so about how institutional investors were poised to aggressively increase their allocations to hedge funds. Most of that talk has been about public
Public pensions boost hedge fund allocations
It's no secret that public pensions are boosting allocations to hedge funds. Many funds had already boosted allocations to private equity and now they seem bent on pushing their hedge fund
Massachusetts pension to cut funds-of-funds
Is the bloom off the rose for hedge funds of funds? They continue to be popular, even as end investors grumble. The state of Massachusetts has gone so far as to decide it will no longer invest in
Public pensions ask banks to review foreclosure practices
As if the big mortgage lenders and servicers didn't have enough pressure on them for shoddy foreclosure practices, public pensions have now weighed in. A group of pensions sent letters to the head of
CalPERS probed for disclosure issues
CalPERS considers itself a leader in the shareholder movement to force public companies to improve their corporate governance practices. It has recently targeted Goldman Sachs and JPMorgan Chase. But
Pensions jump into the foreclosure fiasco
Big public pensions are now jumping into the foreclosure fray. The trustees for New York City's government pension funds have asked the boards of Citigroup, Wells, JPMorgan Chase, and Bank of America
