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Pittsburgh Mayor Luke Ravenstahl sits in his beige-hued office, one hour forty-three minutes before he will open the final bids for the privatization of the city's parking system. This controversial plan has been a centerpiece of his recent work to save a dying pension system.
Harris, the CIO of the $95 billion Teacher Retirement System of Texas (TRS), spoke with aiCIO on the importance of risk management and asset allocation functions, the strengths of insourced versus outsourced management, and the challenge of emotional stability in an unstable environment.
Blumer is considered by many to be a true thought leader in the insurance investment world. He spoke with aiCIO about his past two years at Swiss Re -- including the prominent asset management outsourcing deal brokered with BlackRock.
The race among asset managers to collect insurance general account assets has reached a fever pitch. Why this is a good thing for insurance funds.
If only. You don't live in Mayfair. You don't play golf in Greenwich. You drive yourself to the office in a moderately nice car, but you're still driving yourself. When you get there, you control billions of dollars -- but it's not yours.
A National Association of Pension Funds pulse survey has show 78% of respondents believe the UK's watchdog should be more accountable to those it regulates.
The California Public Employees' Retirement System has reported a 13.3% return on its investment for the year ended June 30.
Commonfund will discontinue direct real estate investments as it is aiming to restructure a losing $1 billion fund.
A survey by one of the country’s biggest pension advisory firms has revealed that time-pressured trustees are unable to spend sufficient time on investment decisions.
The pension fund is suing the bank for losses from an investment done by the custodian that went sour during the global financial crisis.
“When the facts change, I change my mind. What do you do, sir?”
-John Maynard Keynes