United States – Page 25
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Special Report
Trillions of dollars of expense
US institutions discussed the prospect of a new investment world at the Milken Global Conference in Los Angeles at the end of April. Liam Kennedy, who moderated the institutional investors’ panel, here discusses what they had to say
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Special Report
‘We ate all the nuts’
Liam Kennedy interviewed PIMCO’s Bill Gross and Mohamed El-Erian at their offices in Newport Beach, California
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Asset Class ReportsDon’t fight the Fed...
The Fed and the US Treasury combination sits like a heavyweight in the boxing ring of US fixed income. The ponderous moves open up ample opportunity for some quick jabs – but get on the wrong end of one of the swings and it’s a knockout. Joseph Mariathasan reports
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FeaturesPensions in Obama’s sights
When Barack Obama is inaugurated as president in January 2009, provisions affecting the pension fund industry could well be an important part of his intended new economic stimulus. But this follows little debate about the retirement system during the campaign, except when US employee’s losses in 401(k) individual accounts were ...
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Asset Class ReportsLessons from the Great Depression
Navigating the smaller end of the equity markets is particularly hazardous and Joseph Mariathasan assesses whether the past can offer a compass
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Features
Retirement programmes: extreme makeover
With his mandate re-affirmed, Bush has prioritised two ambitious goals within the ‘ownership society’ – privatising social security and revamping the private pension system. Such boldness is not rhetorical: Bush’s previous term demonstrated a commitment to his fundamental agenda. The President has not previously shied from audacity; having been re-elected, ...
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Asset Class Reports
Those twin deficits
So the US has the same president for the next four years, and it seems to be a case of ‘better the devil you know’, as far as bond and currency market participants are concerned. For Bruno Crastes, head of global fixed income at Credit Agricole Asset Management (CAAM), bond ...
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News
US ELECTION: impact on European asset managers
EUROPE - Europe’s asset management industry can expect a short-term rally on equity markets following the likely re-election of George Bush as US president, though this rally has less to do with his victory than with economic fundamentals, experts said.
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News
US elections seen affecting asset managers
GLOBAL - Asset management firms could be among those most affected by the US presidential election.
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News
US Fed sees global “demographic iceberg”
GLOBAL – The chairman of the Federal Reserve Bank of New York, Peter Peterson, says a “demographic iceberg” is set to hit the developed world.
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News
US pension agency’s deficit widens to E4.8bn
US – The Pension Benefit Guaranty Corp., which backs the US pension system, says the deficit in its single-employer insurance programme has grown to around 5.4 billion dollars (4.8 billion euros) at the midyear – up from 3.6 billion dollars in 2002.
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News
US steel merger tests PBGC’s mettle
US – The 1.5 billion dollar takeover of steelmaker Bethlehem Steel by International Steel Group has put the fate of Bethlehem’s pension plan under scrutiny and presents the Pension Benefits Guaranty Corp. with its largest ever pension bailout.
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News
US employer contributions to rise - report
US – Up to 65% of US pension plans may require contributions from employers in 2003 due to lower stock market values, says consultancy firm Watson Wyatt.
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News
US fund management fees are on the rise
US- Fund management fees in the US are on the rise, according to a study by Lipper, mutual fund information and analysis provider. Declining assets within stock funds are behind the rise in management fees says Lipper.
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News
US funds head for third year of negative returns
US- Volatile markets continue to take their toll on US pensions schemes which are now heading for their third consecutive year of negative returns. Figures from Mercer Investment Consulting show corporate funds losing 5.5.% in the first half of the year while public plans and foundation/endowment funds lost a respective ...
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News
US funds lose 5% during second quarter
US- US pension funds, endowments and foundations have lost 5% in the second quarter of this year, reversing gains made during the first three months.
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News
US schemes show 'modest' first quarter returns
US- US plan sponsors have witnessed modest first quarter returns according to Mercer Investment Consulting. The latest performance figures for US institutional figures show corporate plans returned an average 1% return while public plans and foundation/endowment funds fared better with a corresponding 1.2%.
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News
US pension funds assume “too much" for returns
US - A wide gap is developing between the assumptions used by US pension and their rate of return expectations for a number of asset classes, according to research firm Greenwich Associates in Connecticut.
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News
US value managers come out on top says S&P
US- US value managers comprehensively outperformed their growth counterparts in the twelve months to last November according to the latest research from Standard & Poor’s.
