Asset owners

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  1. China's CIC sets up direct investment unit to boost efficiency

    trueChina Investment Corp., the $653 billion sovereign wealth fund, has set up a company to focus on direct equity investments.

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  1. Global impact assets expected to hit $12.7 billion for 2014

    trueGlobal impact investing — investments designed to generate a social or environmental impact as well as often targeting a competitive investment return — were expected to grow to $12.7 billion last year, up 20% from the previous year

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  2. Quebec's Caisse, U.K. pension funds take 40% stake in Eurostar International

    trueA group of U.K. pension funds and Canadian pension fund manager Caisse de Depot et Placement du Quebec, Montreal, will acquire a total 40% share in Eurostar International, the high-speed rail link between London and Paris, and London and Brussels.

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  3. Healthcare of Ontario Pension Plan returns 17.71% in 2014; funded status at 130%

    trueHealthcare of Ontario Pension Plan returned 17.71% on its investments in 2014, on the strength of its liability-driven investing strategy.

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  4. Average retirement ages up slightly from a decade ago

    trueIn 2013, the average retirement age in the U.S. was about 64 for men and approximately 62 for women, according to a research note published by the Center for Retirement Research at Boston College. The authors define retirement age as “the age at which the labor force participation rate drops below ...

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  5. Banks join technology chiefs to press Congress for cybersecurity bill

    true.P. Morgan Chase, Lockheed Martin and Microsoft are among 32 technology, banking and retail companies urging lawmakers to pass legislation that provides legal protection for sharing hacking threats.

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  6. P&I announces 2015 Eddy Award winners

    trueThirty-nine defined contribution plan education campaigns on Monday won Eddy Awards, the annual recognition by Pensions & Investments of best practices by defined contribution plans in providing investment education to participants.

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  7. University of Edinburgh taps 2 firms for consulting, administration and actuarial services

    trueUniversity of Edinburgh Staff Benefits Scheme hired Hymans Robertson to provide administration services and continue as investment consultant, and Mercer to provide actuarial services.

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  8. South Korea's NPS sets initial 0.5% hedge fund-of-funds allocation

    trueSouth Korea's National Pension Service will make its first allocations to hedge funds starting at the end of this year, said a spokeswoman for the 469 trillion won ($426 billion) Seoul-based pension fund.

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  9. Detailed list of Eddy Award winners

    trueThe Eddy Awards were created to identify and reward the best practices in providing investment education to defined contribution plan participants.

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  10. DC execs expecting big changes from Obama push on fiduciary standard

    trueWith President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.

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  11. Norges Bank adds $1 billion in China QFII quota, lifting total to $2.5 billion

    trueChina’s State Administration of Foreign Exchange awarded Norges Bank Investment Management an additional $1 billion in quota capacity to invest in China’s domestic capital markets under its qualified foreign institutional investor program.

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  12. Angolan sovereign wealth fund seeks mine, timber investments

    trueAngola's $5 billion sovereign wealth fund, Fundo Soberano de Angola, is seeking investments in mining, timber, health and agriculture in order to diversify its asset base and increase returns.

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  13. NYC comptroller announces group to study retirement plan for private-sector employees

    trueNew York City Comptroller Scott Stringer on Friday identified the members of a retirement security study group who will study ways to provide retirement security to New York City residents who lack retirement plans at work.

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