Pension Funds

Norway's $1 trillion pension fund wantsout of oil stocks

Norway used oil revenue to build its national pension fund into a $1 trillion behemoth. Now, the fund is planning to dump oil and gas stocks.<p>The fund's managers recommended Thursday that oil and gas investments worth roughly $37 billion be sold in order to protect the country against a permanent …

Oil

This Australian Pension Fund Has Beaten the Rest This Decade

A not-for-profit retirement fund for Australian retail workers is the nation’s top-performing pension fund since the global financial crisis.<p>Retail …

Finance

Machines Will Do Shady Things in the Markets Too

And they'll have fewer pangs of guilt than people.<p>A useful way to think about modern electronic market structure is that in the olden days humans traded stocks and options, making markets based on gut instinct, and then those humans were replaced by computers that used algorithms that largely …

Hedge Funds

Yield Curves and Market Color

Also subtle bribes, obvious bribes, underwriting, crypto enthusiasm and Uber 2.0.<p><b>"Control the yield curve, control the future."</b><p>Ben Walsh has an amazing story at the Intercept about "a plan for the United Arab Emirates to wage financial war against its Gulf rival Qatar" by manipulating the market …

Business

News Highlights: Top Global Markets News of the Day

U.S. Tax Concerns Ripple Through Global Markets<p>U.S. stocks remained under pressure, on track for their first week of declines since September. The Dow industrials slipped 0.2%.<p>Consumer Sentiment Dips in Early November<p>The University of Michigan's index of U.S. consumer sentiment dipped in early …

Markets

Gwent-wide pension fund invested £245million into fossil fuel companies, campaigners claim

MILLIONS of pounds from a Gwent pension fund have been invested into companies producing fossil fuels, according to new data from environmental …

News (Wales)

Former N.Y. Pension Fund Manager Admits Taking Bribes

A former portfolio manager of New York’s main pension fund admitted he accepted gifts that included luxury watches and tickets to concerts in …

Corruption

EU mergers and takeovers (Nov 8)

BRUSSELS, Nov 8 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:<p>APPROVALS …

Private Equity

Westminster pension fund holds offshore investments

, Chief Political Correspondent<p>The pension fund of Britain’s MPs has £6.6m invested through an offshore unit trust in Jersey, according to its …

Fraud

Kobalt Capital Raises $600 Million

Kobalt Capital Ltd. announced Monday that it has closed its second managed fund to invest in music copyright, with a capacity of $600 million through …

Venture Capital

Who should bear the brunt of changes to PERA pension fund? (3 letters)

David Zalubowski, Associated Press fileGov. John Hickenlooper’s state budget proposal for 2018-19 calls for retirees and current public employees to …

Denver

Political Road Map: Trump and gun investments spark debate for California pension funds

For more than three decades, California’s vast pension funds have routinely been urged to make investment decisions by applying a simple four-word mantra: Do the right thing.<p>When 12 of the state’s congressional Democrats recently asked pension officials to take action, they argued that the right …

Retirement

Baltimore pension fund pulls money from GOP donor's company

The pension fund for Baltimore police officers and firefighters has decided to withdraw $32 million from a hedge fund run by a Republican mega-donor …

Business

Miami owes $213M to police and fire pension fund, consultant says

A consultant hired by Miami’s firefighter and police pension fund dropped a bombshell this week, estimating that Miami taxpayers owe more than $200 …

Miami

World's Biggest Pension Fund Adds $39 Billion as Stocks Rise

The world’s biggest pension fund posted its fifth-straight quarterly gain, the longest run in more than two years, as global stocks advanced to new …

Business

New scam targets CalPERS retirees

Watch out, CalPERS retirees. A phone call that appears to come from the state’s largest public pension fund might in fact be from a scam artist.<p>The …

Retirement

PERS: Panel delivers ideas to cut pension deficit by $5 billion

Gov. Kate Brown wants to create a fund to incentivize schools, cities and other government employers to accelerate their payments to reduce the $25 …

Retirement

California politics news feed

Welcome to Essential Politics, our in-the-moment look at California political and government news.<p><b>Sign up for our free newsletter for analysis and more, and subscribe to the California Politics Podcast</b><b>. Don't miss our Essential Politics page in Sunday's California section.</b>

California

Agency Bond-Rigging Probe Is Said to Be Dropped by Britain's FCA

The U.K. Financial Conduct Authority has closed a two-year investigation into possible manipulation of the $9 trillion agency bond market, according …

Business

Former Swiss billionaire owners of Monarch tried to dump pension scheme for less than £10m, says PPF

Monarch Airline's former Swiss billionaire owners attempted to ditch the doomed airline’s pension fund for only a fraction of the final settlement in …

SSS probing alleged misconduct of officials

MANILA - The Social Security System said Monday the pension fund is already investigating allegations of misconduct against two of its officials who …

Corruption

ConocoPhillips: Bloodsucking Profits

Profits were recorded in the third quarter. But they came after a lot of impairment charges.<p>Cash flow decreased from the second quarter.<p>A $600 …

Business

Danish pension giant continues 2017 winning streak

National Danish pension fund has made a return of almost 25% in 2017, a record for the investor<p>ATP, one of Europe’s biggest pension funds, continued …

Finance

Principal Financial buying MetLife's Mexican pension fund business

MetLife Afore is the insurer's pension fund management business in Mexico. For MetLife (NYSE:MET), the sale allows narrowed focus on providing life …

Business

How optimistic math conceals depth of America’s public pension crisis - MarketWatch

Minnesota’s state pension funds became the seventh most underfunded in the country in 2016 after its largest fund lowered its expected rate of return …

Business

Gigaba asked not to use government pension fund to bail out SAA

The DA-run Western Cape government has voiced its opposition to the use of public sector workers' pension funds to bail out South African Airways.

South African Airways

No magic fix for Britain’s pension doom loop

in London<p>Imagine you own a large private company that is struggling financially. It could perhaps be rescued if someone were prepared to inject the …

Monarch Airlines

Parly inquiry chair who asked if Eskom pension fund is a stokvel gets reshuffled

Zukiswa Rantho, the ANC MP who asked Eskom pension fund CEO Sibusiso Luthuli whether the provident fund rules rendered it so vulnerable that it …

News (South Africa)

S.Africa's Cabinet replaces Zuma ally as head of national airline

South Africa’s government has named Johannes Bhekumuzi Magwaza as chairman of loss-making state-owned airline South African Airways (SAA), replacing …

South Africa

Will new SAA board under Magwaza manage to salvage ailing airline?

Related Links<p>There are some big names in the new South African Airways board announced this morning by Finance Minister Malusi Gigaba.<p>Gigaba …

South Africa