Outdated systems and lax controls expose pension plans to 'operational failure'
State Street says managed accounts rise due to stripped-back, cut-price service
Doubling in assets shows demand for low-return investments
Dutch pension fund to focus on controllability and intelligibility
Pensions see value in hedge funds despite Calpers's exit
Jensen will head California state pension scheme's risk office
The US pension sector is having to cope not just with the increased cost of retirement provision but also the attendant healthcare obligations many schemes are under – liabilities that must now be accounted for upfront. Andrew Sheen reports
Losses and Lawsuits
Fred Buenrostro, chief executive of the $244 billion California Public Employees' Retirement System (Calpers), has resigned, less than a week after the departure of the chief investment officer, Russell Read.
Sacramento-based California Public Employees’ Retirement System (Calpers) has announced plans to increase the size of its hedge fund investments to as much as $4 billion by the end of this year.
CalPERS, the largest pension fund in the US, has picked Mcube's AlphaEngine software to support its currency investment team.
The world's largest pension fund, Calpers, has adopted an aggressive approach to corporate governance. Can this policy decrease risk and increase returns in its equity portfolio? Rachel Wolcott speaks to Christy Wood, who runs the fund's corporate governance...
WASHINGTON, DC - Institutional investors and auditors remain at odds over how effective the Sarbanes-Oxley Act has been so far, with the former advocating a broader scope for the act and the latter warning that it may have already gone too far.
Primus Financial Products, an AAA-rated company offering credit risk protection on investment grade corporates, financials and sovereigns, has hired Candace Lau-Hansen from JP Morgan Chase as its new global head of marketing.
Hedge funds offer poor stress-testing results and ‘greeks’ disclosure to third parties, according to a new survey by the International Association of Financial Engineers (Iafe).
The California Public Employees Retirement System is moving forward with its $37 million four-year straight-through processing project, despite the delay of the T+1 deadline, and the economic conditions that have shrunk the fund manager’s assets under...