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Investing Institutional Investors

  • Those being sued are Goldman Sachs, JPMorgan Chase, UBS, Credit Suisse, Morgan Stanley and Bank of America. Bank of America, JPMorgan, UBS and Morgan Stanley declined to comment. Credit Suisse wasn't immediately available.

  • Aug 17- Three U.S. pension funds sued six of the world's largest banks on Thursday, including Goldman Sachs Group Inc and JP Morgan Chase& Co, accusing them of conspiring to stifle competition in the more than $1 trillion stock lending market. The defendants include Bank of America Corp, Credit Suisse AG, Morgan Stanley, UBS AG, Goldman and JP Morgan.

  • *CPPIB's net assets rise to C $326.5 billion. TORONTO, Aug 11- The Canada Pension Plan Investment Board, the nation's biggest public pension plan, said it delivered gross investment returns of 1.9 percent in the latest quarter, with the strong Canadian dollar hurting its performance. The CPPIB, which manages Canada's national pension fund and invests on behalf of...

  • HONG KONG, Aug 4- Smaller Chinese banks that have listed in Hong Kong in the past year are badly underperforming the rest of the market and their exposure to China's shadow banking system may be a major reason. Mainstream investors whether retail or institutional are wary of the levels of disclosure from the banks that have listed in Hong Kong in the past year,...

  • HONG KONG, Aug 2- Sequoia Capital China, an early investor in top Chinese technology firms such as Alibaba, aims to raise $1.5 billion or more in a new yuan-denominated fund and is currently pitching it to prospective investors, sources familiar with the plans said. The China arm of Silicon Valley venture capital giant Sequoia Capital is targeting raising at...

  • SYDNEY, July 27- Australia's largest pension fund, AustralianSuper, aims to expand its in-house management of equities and infrastructure investments, but has no plans to include private equity managers, Chief Executive Ian Silk said on Thursday. AustralianSuper plans to manage half of its A $120 billion equities, fixed income, infrastructure and property...

  • SYDNEY, July 27- Australia's largest pension fund, AustralianSuper, plans to invest a greater share of its A $120 billion in funds offshore, with Asia set to become a greater focus, chief executive Ian Silk said on Thursday. Speaking at a Reuters Newsmaker event in Sydney, Silk also said the fund was being approached more by corporates interested in borrowing...

  • SYDNEY, July 27- Australia's largest pension fund, AustralianSuper, is interested in investing more in infrastructure projects at home but will avoid the energy sector given uncertainty over government policies. Chief Executive Ian Silk, whose fund manages A $120 billion, said government policy on energy right now was a "dog's breakfast" which was deterring...

  • SYDNEY, July 27- The head of Australia's biggest pension fund, AustralianSuper, expects state governments in the United States will cast aside parochial concerns and allow foreign funds to invest and fix up poor infrastructure there. Governments, including those in the United States and Australia, have been wary of foreign investment, frustrating plans by...

  • LONDON, July 25- Asset manager Blackrock and solar energy firm Lightsource have agreed to jointly create a 1 billion pound portfolio of solar power assets in Britain over the next three years, the two companies said on Tuesday. "We believe this market continues to present attractive opportunities for institutional investors," Rory O'Connor, Managing Director...

  • LONDON/ VANCOUVER, July 21- Mining giant Glencore Plc is working with a Canadian pension fund to create a standalone 50:50 joint venture for its portfolio of royalty assets, two sources with knowledge with the matter said on Friday. The sources said on Friday it was now in talks to create a 50:50 venture for the assets with Canada's Ontario Teachers' Pension Plan.

  • July 20- The California State Teachers Retirement System on Thursday reported a 13.4 percent net return on investment for the fiscal year ended June 30, marking the first time the public pension fund exceeded its target return since 2014.. The higher returns relieve some pressure for CalSTRS, the country's second-largest public pension fund with $208.7...

  • WASHINGTON, July 19- Advocacy groups launched petitions and sent letters on Wednesday urging two of the biggest U.S. public pension funds to divest from an investment fund unless it stops paying one of President Donald Trump's companies to run a New York hotel. Reuters reported on April 26 that public pension funds in at least seven U.S. states periodically send...

  • MONTEREY, Calif., July 17- The California Public Employees' Retirement System on Monday said it was considering making direct investments in private companies, a potential major shift in strategy that would be the first such action by a U.S. public pension fund. The change, discussed at a meeting of CalPERS board in Monterey, would be closely watched by other U.S....

  • July 14- The California Public Employees' Retirement System reported on Friday a preliminary 11.2 percent net return on investments for the fiscal year that ended June 30, up sharply from last year's return of 0.6 percent due to a boost from equities. The performance of CalPERS public equities, or stock portfolio, topped the S&P 500 benchmark of major U.S....

  • July 14- The California Public Employees' Retirement System reported on Friday a preliminary 11.2 percent net return on investments for the fiscal year that ended June 30, up sharply from last year's return of 0.61 percent due to a boost from equities. Public equities, or stocks, generated a 19.7 percent return, while the private equity asset class returned 13.9...

  • SAN FRANCISCO, July 14- The California Public Employees' Retirement System reported on Friday a preliminary 11.2 percent net return on investments for the fiscal year that ended June 30.

  • TOKYO, July 14- Japan's Government Pension Investment Fund, the world's largest pension fund with $1.3 trillion under management, plans to raise its allocation to environmentally and socially responsible investments to 10 percent of its stock holdings from 3 percent now, the head of FTSE Russell said. They've said they are putting 3 percent of their...

  • July 12- Royal Dutch Shell is to sell its 45 percent stake in the Corrib gas venture to a subsidiary of Canada Pension Plan Investment Board for up to $1.23 billion, marking the oil company's exit from the upstream business in Ireland. CPPIB, Canada's biggest public pension fund, and Canada's Vermilion Energy Inc will become the new operator of the Corrib Gas...

  • WASHINGTON, July 10- A coalition that includes some of the largest U.S. pension funds want federal regulators to force big banks and other public companies to disclose details on how they manage, compensate and incentivize their employees. "The way you structure and pay a sales force... can definitely affect the business performance," said Meredith Miller, the chief...