The Abu Dhabi Investment Company (ADIC) has become an investment advisor to Germany’s second largest private bank, BHF-BANK.
To combat
the financial crisis, Khazanah Nasional Berhard, the US$25.7 billion
investment arm of the Malaysian government, will focus on catalysing domestic
economic growth and continuing its program of strategic cross-border
investments.
CalPERS has received 17 applications in response to its RFP for a general pension consultant services spring-fed pool – four times the applications of its last review – and will select consultants during its April 20 investment
committee meeting.
In the wake of the economic downturn, a 2009 survey of more than 100 UK pension schemes by the National Association of Pension Funds challenges the optimistic views reported in the association’s annual survey in July last year.
As Harvard Management Company (HMC) begins shedding 25 per cent of its workforce after incurring a 22 per cent loss since the beginning of the financial year, its investment consult, US firm Cambridge Associates, says the “endowment model” is not impaired.
ABP, the world’s third largest pension fund, faces serious underfunding as a result of the financial crisis and will have to submit a recovery plan to De Nederlandsche Bank by March 31.