Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Camilla Knudsen of Reuters reports, Norway’s $870 bln fund sinks to first loss in three years: Norway’s $870 billion sovereign wealth fund reported its first quarterly loss in three years on Wednesday, hauled down by … Continue reading Norway’s Giant Fund Buckles in Q2?
One of the Netherlands’ largest pension funds is giving its outside money managers an ultimatum: fully disclose their fees or face divestment. Dutch fund PGGM, which manages over $200 billion in assets, says it no longer wants to turn a “blind eye” to potentially high fees. But it also acknowledges that its private equity investments … Continue reading Dutch Pension to Outside Money Managers: Fully Disclose Fees or Face Divestment
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Mandi Woodruff of Yahoo Finance reports, State pension funds face $1 trillion funding gap: More depressing news for workers who depend on a pension to fund their retirement: State-run pension funds faced a $968 billion … Continue reading The Trillion Dollar State Funding Gap?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Timothy W. Martin of the Wall Street Journal reports, Calpers to Cut External Money Managers by Half: The largest U.S. public pension fund intends to sever ties with roughly half of the firms handling its … Continue reading A Deeper Look At CalPERS’ Manager Cutback
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Tom Anderson of CNBC reports, Most older Americans fall short on retirement savings: How bad is America doing when it comes to retirement savings? The Government Accountability Office looked into the question, and its answer … Continue reading America’s Retirement Nightmare?
The members of six Dutch pension funds will vote on whether $35 billion in fund assets should be divested from coal, oil and gas investments. Divestment advocates filed a resolution Monday asking the six funds to sell off their fossil fuel investments by 2018, and to use shareholder power to encourage energy companies to use … Continue reading Fossil Fuel Divestment Put to Vote At Dutch Pension Funds
The funding ratios of Dutch pension funds have fallen on average by 5 percentage points in January on the back of low interest rates, according to Mercer and Aon Hewitt. More from Investments & Pensions Europe: Average funding, according to estimates by Aon Hewitt and Mercer, fell by 5 percentage points over the period, due … Continue reading Dutch Pension Funding Ratios Drop By 5 Percent in January
The CEO of the Oracle software company, Larry Ellison, is one of the highest paid executives in the United States ($67.3 million in 2014) despite numerous calls by shareholders to reduce his compensation package. Shareholders are fed up. They, led by two of Europe’s largest pension funds, are on Monday filing a letter with the … Continue reading Pension Funds, Other Shareholders Pressure Oracle CEO Over High Pay With Letter to SEC
The Netherlands’ second-largest pension fund, PFZW, decided late in 2014 to completely exit its $2 billion hedge fund portfolio. Two months later, after a rapid-fire wind down, the pension fund has exited all hedge funds – and it made a $56 million profit in the process. From ai-cio.com: Dutch healthcare sector pension PFZW netted a … Continue reading Dutch Pension Turns $56 Million Profit From Hedge Fund Exit
The Netherlands’ second-largest pension fund has announced plans to exit its hedge funds investments. The fund, PFZW, has already began the process of winding down the investments. The fund cited complexity, lack of performance and excessive costs as reasons for the pullout. From Reuters: The Netherlands’ PFZW has become the latest major pension fund to … Continue reading Dutch Pension Drops Hedge Funds
