Today's News
Draft bill includes energy, swaps ban
Posted: July 23, 3:39 PM
Draft legislation by the House Agriculture Committee that was being circulated on Capitol Hill would bar pension funds from investing in agricultural and energy commodities — and prevent the funds from engaging in equity and interest rate swaps.Read more
Boeing forecasts $500 million contribution
Posted: July 23, 2:55 PM
Boeing Co., Chicago, plans to contribute $500 million to its pension plans next year.Read more
Nippon Life buys 5% stake in Russell
Posted: July 23, 3:53 PM
Northwestern Mutual Life Insurance Co. today announced it has sold a 5% stake in Russell Investments to Nippon Life Insurance.Read more
AMG to add 2 firms to manager stable
Posted: July 23, 3:23 PM
Affiliated Managers Group reached deals to acquire majority equity stakes in Gannett Welsh & Kotler and Harding Loevner.Read more
SEC blesses Nasdaq-Philly merger — sources
Posted: July 23, 3:02 PM
Nasdaq OMX Group Inc. is about to close its acquisition of the Philadelphia Stock Exchange after receiving final regulatory approval from the SEC, two sources close to the exchanges said.Read more
F&C merges U.K.-Irish business with REIT Asset
Posted: July 23, 10:53 AM
F&C Asset Management announced Tuesday an agreement to merge its U.K. and Ireland property asset management operations with REIT Asset Management in a £60 million ($119 million) cash and loan deal,...Read more
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P&I Retirement Income Solutions Summit
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- October 28, 2008 - Chicago
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Investment Outlook
June 2008
In a letter to a predicted President Obama, Bill Gross ponders why anyone would want to be president when the nation will be facing its first trillion-dollar deficit.Read more
More Investment Outlooks
Today s Markets
Now On PIonline
- New As investment portfolios become increasingly complex, leaving a high-level position open for too long is a risky proposition. Succession planning is getting increased emphasis at many public pension funds. Posted: July 23, 10:37 AM
- It was feast or famine for domestic equity funds in Pensions & Investments’ ranking of top-performing mutual funds most used by defined contribution plans for the year ended June 30. Posted: July 21, 1:27 PM
- 10 years after its launch, the Canada Pension Plan Investment Board barely resembles its early incarnation, having diversified by investment class and region. Posted: July 17, 3:55 PM
- If equity markets continue to falter, plan sponsors can expect pension contributions to increase by 20% in 2009. Falling markets also might prod defined benefit plans to adopt liability-driven investing to mitigate volatility. Posted: July 16, 11:24 AM
- The recent boom in so-called green companies led to the introduction earlier this month of the Renaissance Green IPO index, the first specifically dedicated to green companies that have just gone public. Posted: July 14, 10:16 AM
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Buying lowMoney managers are buying Fannie Mae and Freddie Mac mortgage-backed securities because they believe the market has overreacted to the agencies' financial woes. Read more |
Eager beaversLegislation that would restrict the ability of institutional investors to invest in energy commodities is expected to be voted on the Senate floor as early as this week, driven by edgy lawmakers like Senate Majority Leader Harry Reid. Read more |
Fully clothedManagers of strategies that employ shorting, such as 130/30 and market-neutral, say new, temporary restraints on short-selling should affect their business only marginally — as long as the SEC' doesn't expand them. Read more |
Index warsDow Jones and Brookfield Asset Management have created a new infrastructure benchmark without utility stocks but FTSE's Jerry Moskowitz says utilities are a vital component. Read more |
Global headacheRussell Investments, one of the most successful multimanagers in building a global business, is facing a series of setbacks on the international front — including persistent performance issues, according to consultants and clients. Read more |
Rough riderThomas E. Faust Jr. became CEO of Eaton Vance on Nov. 1 and it soon became clear he wasn't destined to enjoy a smooth ride. But he's navigated the credit crisis pretty well and the market has grown more sanguine about the firm’s prospects. Read more |
Focused growthAssets in target-date funds fueled defined contribution plan growth with total DC assets climbing 12.6% to $3.708 trillion as of Dec. 31 from $3.292 trillion a year earlier. Read more |