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Mixed year for corporate bond sales
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Tag >> pension funds
Dec 07

Pension plan funding continues slow gains

Posted by Stephen Taub in pensionspension fundsPension Benefit Guaranty CorporationCashBNY Mellon Pension ServicesBNY Mellon Asset Management

Stephen Taub

Pension plans' funding status improved again last month as stocks and interest rates continued to climb.

The typical US corporate pension plan in November saw its status inch up to 80.5 percent from 80.3 percent the prior month, according to monthly statistics published by BNY Mellon Asset Management.    

Assets for the typical plan declined 0.4 percent. A slight gain of 0.6 percent in the US equity markets was offset by a drop of 4.8 percent in international stocks, according to the BNY Mellon.

May 17

Two major hedge fund firms to merge

Posted by Stephen Taub in pension fundsmergerinstitutionsendowmentsDealsasset managementalternative investments

Stephen Taub

In a somewhat unusual deal involving two of the handful of global hedge fund firms that are publicly-traded, London's Man Group plc is buying London-based GLG Partners for about $1.6 billion, resulting in a money management firm with about $63 billion under management.

Under the terms of the deal, GLG's shareholders will receive $4.50 per share in cash.

Mar 08

Public pensions look like bad homes for failed banks

Posted by MQuinn in Riskpension fundsinvestmentsFDICBanks


Bloomberg News reported on Monday that the Federal Deposit Insurance Corp. is encouraging public pension funds to inject capital directly into the banking system by buying failed banks.

On the surface, this feels like the act of one troubled, somewhat desperate government agency trying to take advantage of a troubled, somewhat desperate group of investors.

It's not at all clear how these investments would work. Pensions don't typically dabble in direct investments, though the success of the Ontario Teachers' Pension Fund could lead others to reexamine that strategy. And banking would be a somewhat strange place to start, especially in the current environment.

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