Asset owners

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  1. OECD: Largest pension funds still slow on infrastructure despite higher alts allocations

    trueInfrastructure investing activity remains low among the largest pension funds and public pension reserve funds worldwide, despite increased allocations to other alternative investments, a report from the Organization for Economic Co-operation and Development showed.

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  1. Ontario Finance Ministry seeks actuary to help create supplemental pension plan

    trueOntario Ministry of Finance issued an RFP for an actuarial consulting firm to assist in creating the province’s proposed supplemental defined benefit plan.

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  2. Labor secretary names 5 to ERISA Advisory Council

    trueSecretary of Labor Thomas Perez named five new members to the Department of Labor ERISA Advisory Council.

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  3. Canadian pension fund, manager take part in large PetSmart, Riverbed deals

    trueCaisse de Depot et Placement du Quebec, Montreal, was part of the consortium led by private equity firm BC Partners to buy PetSmart Inc., the largest pet store chain in the U.S., for about US$8.3 billion in the biggest leveraged buyout deal for an American company this year.

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  4. Sen. Hatch calls for retirement savings legislation

    trueTax incentives for retirement plan sponsors and participants are “under increasing pressure” on Capitol Hill to be reduced, Sen. Orrin Hatch, R-Utah, told the Financial Services Roundtable in Washington on Monday.

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  5. Mercer: Industry-specific mortality assumptions can alter pension liabilities

    trueSome corporate defined benefit plans would be better served by adopting industry-specific mortality assumptions rather than the new Society of Actuaries mortality tables, said a recent webcast from Mercer.

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  6. Alaska Permanent Fund makes a total of $1.45 billion in commitments

    trueAlaska Permanent Fund Corp. announced four new commitments totaling $900 million in Dec. 10-11 board meeting materials.

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  7. Australia Future Fund's head of equities to depart

    trueElspeth Lumsden, head of equities for the Future Fund, will be leaving the A$104 billion (US$86 billion) Melbourne-based fund to return to “full-time study.”

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  8. Alabama Trust Fund on lookout for investment consultant

    trueAlabama Trust Fund issued an RFP for an investment consultant for the $2.5 billion sovereign wealth fund.

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  9. DOL asked to back off brokerage rules

    trueDefined contribution industry representatives are resuming efforts to convince Labor Department officials that more extensive regulation of self-directed brokerage accounts is unnecessary and burdensome.

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  10. NEST executive seeks innovation in DC strategies

    trueThe chief investment officer at the National Employment Savings Trust, London, has thrown down the gauntlet to providers of defined contribution strategies to innovate for a new DC market in the U.K., when participants will no longer be required to purchase an annuity — but to keep the participant ...

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  11. U.K. firms working to enlist U.S. LDI clients

    trueU.K. money managers are putting their U.S. fixed-income acquisitions to work, hoping that local presence will help them to get a foot in the door at U.S. pension funds in order to introduce their form of LDI.

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  12. Singapore SWF in midst of worldwide property spree

    trueDon't tell GIC Private Ltd. executives that the tidal wave of liquidity central banks are flushing into capital markets has left little value to be had in prospective real estate investments around the globe.

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  13. DC participants surpass DB in U.K. for first time

    trueActive participants of defined contribution plans in the U.K. outnumber active participants of defined benefit funds for the first time in the 40 years of the National Association of Pension Fund's annual survey.

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