United States – Page 19
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Asset Class Reports
Investing In US Equities: It’s the economy, stupid
The prospects for US equity markets depend largely on the performance of the underlying economy
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Asset Class Reports
US Equities: US banks lose lustre
Dodd-Frank and other post-crisis regulation have changed the US banking sector with structurally lower returns on equity
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News
European scheme tenders US high-yield mandate using IPE-Quest
Pension fund looks for asset manager to run active mandate
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News
American exceptionalism: CalPERS gets tough on managers
Christopher O’Dea explores whether CalPERS’s decision to sack half of its fund managers illustrates a broader trend in the institutional market
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News
UK trade union targets LGPS with Israeli divestment campaign
Second-largest trade union asks members to lobby pension funds to divest from companies ‘supporting’ Israeli occupation of Palestine
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News
CPPIB acquires GE private placement arm in $12bn deal
Canadian fund agrees to purchase Antares Capital to create platform for investment in US middle-market lending
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News
USS: Mark-to-market to blame for pension funds' failure on infrastructure
UK pension fund laments pressure to increase exposure to asset class, as accounting standards prohibit allocations
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Asset Class Reports
Buybacks briefing: Eating their own cooking
In the past few years, companies from many sectors have found a single new favourite investment – their own stock
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News
Pension funds ordered to divest companies that support boycott of Israel
US state of Illinois to ban public sector pension funds from investing in companies that boycott investment or activity in Israel
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News
Wednesday people roundup
BlackRock, SSgS, Eaton Vance, KAS Bank, First Investments, Mirae Asset, Xudoo, Research Affiliates, Focus Orange
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Asset Class Reports
Oil price impact on high-yield
The oil price fallout in high-yield has so far been contained within sub-sectors of US energy and migh have opened up energy sector value opportunities
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Asset Class Reports
High Yield: US issuers, euro spreads
A substantial spread differential is attracting US investment-grade issuers across the ocean to issue bonds in euros
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Opinion Pieces
Letter from the US: Move to put clients first
Who will manage the new My Retirement Account (MyRA) pension savings vehicle? This is a big question for the US pension fund industry now that President Barack Obama has created the new programme.
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News
Global pension assets top $36trn, rising 6% in 2014 – Towers Watson
European countries lead pensions growth in 2014, but wider picture shows stronger growth in Mexico and South Africa
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News
Nortel scheme moves to next judgment after £340m win in Canadian case
Lawyers for trustees, PPF lose argument for issuing FSD against Canadian estate but secure £340m funding for deficit
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Opinion Pieces
Letter from the US: End to pensions taboo
Pension reform is no longer a taboo subject for voters: this is one of the outcomes of the 4 November mid-term elections.
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Opinion Pieces
Letter from the US: Pensions and start-ups
Can pension funds play a greater role in stimulating start-ups and economic growth? Some US politicians think so and are trying to deploy public retirement assets for this goal. But critics claim that results have been disappointing so far, mostly because pension funds invest through private equity funds that demand very high fees. So a new idea is gaining support – pension funds investing directly in private companies, cutting out intermediaries.
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Asset Class Reports
US Equities: No place like home
Joseph Mariathasan asks if the relative home bias of North American companies might be a shelter from the geopolitical and economic storms rattling international markets
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Asset Class Reports
US Equities: Let’s get together
Joseph Mariathasan looks at trends in corporate activity in the US market
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Asset Class Reports
US Equities: How deep is your value?
Martin Steward looks at three US quality-value strategies, two of which exemplify the difference between ‘deep’ and ‘relative’ value and one whose profile belies any stylistic categorisation