GO
Loading...

Enter multiple symbols separated by commas

Investing Institutional Investors

More

  • Three public workers' pension funds are suing New Jersey for billions in damages, claiming the state government breached contracts when it contributed less than planned. The following is a look at the saga, which is a major political and financial issue in New Jersey for Christie, who is seeking the 2016 Republican presidential nomination.

  • BEIJING, July 24- Investment managers who broke rules while losing money investing on the behalf of Chinese pension funds could be liable for the losses, a spokesman for the Ministry of Human Resources and Social Security said on Friday. Faced with a fast-aging population and a funding shortfall, China's pension funds are under pressure to improve their...

  • European shares set one-week low, Aberdeen AM leads Thursday, 23 Jul 2015 | 12:43 PM ET

    *Aberdeen Asset Management down after update. LONDON, July 23- European equities slipped to a one-week low on Thursday, with disappointing updates from companies including Aberdeen Asset Management and British energy supplier SSE pressuring their shares. Aberdeen Asset Management was the biggest decliner in the FTSEurofirst 300 index after the fund...

  • European shares fall after U.S. data, Aberdeen AM leads Thursday, 23 Jul 2015 | 10:03 AM ET

    *Aberdeen Asset Management falls after update. LONDON, July 23- European equities fell in late trading on Thursday, with disappointing updates from companies including Aberdeen Asset Management and British energy supplier SSE putting pressure on their share prices. Aberdeen Asset Management was the biggest decliner in the FTSEurofirst 300 index.

  • *Credit Suisse gains 5 pct. LONDON, July 23- European shares edged higher on Thursday as Credit Suisse, Unilever and others reported better-than-expected results, as the quarterly earnings season accelerated in Europe. Credit Suisse Group AG was the top gainer, up 5 percent, after it posted better-than expected earnings and improved its capital cushion ahead of...

  • A total of 94 percent of plan sponsors use consultants, according to data from Pensions and Investments Magazine. Howard Jones of the Saïd Business School, University of Oxford, and Jose Vicente Martinez of the University of Connecticut delved into the data to try to determine why. Their new paper looked at 13 years of data from Greenwich Associates covering...

  • WASHINGTON— The 11 million Americans who receive Social Security disability face steep benefit cuts next year, the government said Wednesday, handing lawmakers a fiscal and political crisis in the middle of a presidential campaign. The trustees who oversee Social Security and Medicare said the disability trust fund will run out of money in late 2016. That...

  • NEW YORK, July 15- Nelson Peltz, chief executive of hedge fund Trian Fund Management, said on Wednesday that losing a proxy battle with DuPont Co has proven to be a major blow to shareholders. "It has been a significant loss for shareholders," Peltz said at the CNBC Institutional Investor Delivering Alpha Conference in New York. Peltz also said that PepsiCo was...

  • MEXICO CITY, July 10- Mexican construction firm ICA expects to sell assets next year for 5 billion pesos as part of an effort to reduce its heavy debt load, Chief Executive Officer Alonso Quintana said in an interview. The first part of the package involved an agreement by Canada's No. 2 pension fund, the Caisse de Dépot et Placement du Québec, to pay ICA over 3...

  • NEW YORK, July 10- The Janus Global Unconstrained Bond Fund, overseen by Bill Gross, posted cash withdrawals of $39.1 million in June, the second consecutive month of outflows for the portfolio, Morningstar data showed on Friday. The Janus Global Unconstrained Bond Fund is trailing 64 percent of its peer category so far this year and has had low cash inflows.

  • DIARY-Top Economic Events to July 21 Monday, 6 Jul 2015 | 8:00 PM ET

    SYDNEY- Reserve Bank of Australia holds interest rate meeting- 0430 GMT. PARIS- Bank of France Governor Christian Noyer is due to speak about EU capital markets union at a financial sector conference- 0700 GMT. FRANKFURT- German's Bundesbank Board member Joachim Nagel to speak on "Asset Management of Public Pension Funds"- 1400 GMT.

  • China equity deals surged through market chaos Monday, 6 Jul 2015 | 1:48 AM ET

    *HK, China equity raisings $20.6 bln during market fall. *89 companies raised equity in HK, China in the three-week period. Equity fund raisings in Hong Kong and China totalled $20.6 billion in the past three weeks from 89 companies, nearly triple the volumes clocked at the New York Stock Exchange, according to Thomson Reuters data, and dwarfing London's $1.5...

  • Prime is Sun Life's third acquisition of an asset manager since January. Once all three close, Sun Life will oversee about C $50 billion in assets for third parties, the company said. Toronto- based Sun Life, Canada's third-largest insurer, said the acquisition of Prime, which has about $13 billion in assets under management, would be in cash, but it did not disclose...

  • Beijing published draft rules on the proposed change late on Monday, hours after China's stock markets had closed sharply despite surprise monetary easing moves by the central bank at the weekend. The pension funds would be able to invest up to 30 percent of their net assets in China's stocks, equity funds and balanced funds, according to the draft published by...

  • SHANGHAI, June 30- China plans to allow official pension funds to invest in stocks, two central government authorities said in a draft regulation released on Monday, according to state news agency Xinhua. The Ministry of Human Resources and Social Security and Ministry of Finance said the draft rules would be open for public consultation until July 13.

  • Canada's Ivanhoe invests in Chinese warehouses Monday, 29 Jun 2015 | 12:39 PM ET

    MONTREAL, June 29- The real estate arm of Canada's second-largest pension fund said on Monday it will invest up to $180 million in Chinese warehouse properties, joining other institutional investors that are seeking to profit from China's burgeoning e-commerce sector. Ivanhoe Cambridge, part of the C $225.9 billion Caisse de depot et Placement du Quebec fund,...

  • US STOCKS-Wall St falls as Greek crisis worsens Monday, 29 Jun 2015 | 9:59 AM ET

    The S&P 500 and the Nasdaq Composite fell around 0.7 percent as markets around the world slumped on fears that other European countries would suffer if Greece defaults. The European Central Bank froze funding to Greek banks, forcing Athens to shut banks for a week to keep them from collapsing. said Leo Grohowski, who oversees about $194 billion in client assets...

  • June 25- Scranton, Pennsylvania, Mayor William Courtright said on Thursday the state should take over the city's pension system after a report found problems with past benefit awards in one of the funds. Courtright, a Democrat, said the most recent report was a "wakeup call" and that he will ask for the support of Governor Tom Wolf in moving all of the funds to the...

  • NEW DELHI, June 25- India's state social security and pension fund, undeterred by trade union resistance, will start investing in equity markets next month, the labor minister said, part of a broader push by Prime Minister Narendra Modi to move away from socialist ways rooted in decades-old labor laws. With more than $100 billion of assets from some 80 million...

  • SAN FRANCISCO, June 24- A bill to require California's state pension funds Calpers and CalSTRS to sell their investments in companies that generate at least half their revenue from coal mining passed an Assembly committee by a vote of 5-1 on Wednesday. Stanford University and the University of Maine have made similar moves. It has investments in coal companies...