EUROPE - A European parliamentary committee has backed proposals to exempt pension funds from rules forcing them to clear over-the-counter derivative transactions through central counterparties.
A European parliamentary committee has backed proposals to exempt pension funds from rules forcing them to clear over-the-counter derivative transactions through central counterparties.
US - The catalyst for the "flash crash" on 6 May was a single trade by an institutional investor who sold $4.1bn of index futures, according to a new report released by US regulators.
EUROPE - EU proposals that over-the-counter derivatives go through a central clearing counterparty could significantly increase costs for schemes.
US - Derivatives that pensions can use to dampen the long-term volatility of their US equities holdings have hit extremely high levels recently, after US legislation caused extreme supply/demand imbalances.
Newly stringent demands from investors and regulators have seen a wholesale uptick in independent derivatives valuation with an increase in both scale and rigour. Sophia Morrell reports
US - BlackRock Inc. and the largest US business lobby groups are fighting to strike a provision in the regulatory-overhaul legislation that they say could harm millions of investors in retirement plans and pension funds.
UK - Three quarters of defined benefit pension plans are now more likely to halt future accrual than they were 12 months ago, the Hewitt Global Pension Risk Survey 2009 revealed.
US - The chief investment officer of the California Public Employees' Retirement System has warned of being left with merely the appearance of reform as memories of the financial crisis fade.
UK - The Invensys Pension Scheme has appointed BNY Mellon to provide it with derivatives collateral management services.
The Invensys Pension Scheme has appointed BNY Mellon to provide it with derivatives collateral management services.
EUROPE - The European Commission is planning a clamp down on derivatives trading by introducing restrictive measures in the European Union.
US- CalPERS is set to boost the amount of active internally managed funds if a request to make two test portfolios permanent and increase the allocation to a fundamental portfolio is approved by the investment committee at a meeting tomorrow (February...
Portable alpha strategies have been around for a while, but are they relevant in today's economic climate? Steven Dignall investigates
Charlotte Moore discusses the ways in which a fund can gain access to underlying market performance while also ensuring the protection of its liabilities
GLOBAL - The messy collapse of Lehman Brothers has led pension funds to look again at the use of derivatives in their portfolio, the results of the latest Global Pensions 100 Panel have shown.
GLOBAL - Pension funds upping exposure to emerging markets are not then reducing the emerging markets exposure inherent in their global equities mandates, this month's Global Pensions 100 Panel has found.
Schemes with liability-driven investment strategies constructed using Lehman Brothers swaps and derivatives will face significant upheaval, industry experts say.
Pension funds around the world could see commodities ripped out of portfolios, if proposed legislation by the US Senate forbidding investment in the asset class is passed.
US - California Public Employees' Retirement System (CalPERS) has doubled its credit enhancement program (CEP) from US$5bn to $10bn, as demand from municipalities unable to secure credit continues.
US - Californian pension funds have successfully fought a proposed bill preventing them from investing in private equity companies owned by certain sovereign wealth funds (SWFs).
Wrap accounts and 401k type plans have all had a lot of hot talk over the past few years, but they fi...
With their bottomless balance sheets and engineering abilities, investment banks have positioned themselves to move into the defined benefit space. But are they welcome and is there room for everyone? Jenny Blinch investigates
US/CANADA - North American institutional investors are routinely using equity derivatives as a method of obtaining desired exposures and hedging positions, according to Greenwich Associates.