An eventful year filled with geopolitical drama, market volatility and diverging monetary policy gave rise to some impressive returns for pension funds in seven of the world's largest retirement markets.
The sizable learning curve of the likely next chairman of the Securities and Exchange Commission plus vacancies on the commission and in several key agency divisions should add up to an extended quiet period, veteran SEC watchers say.
Phyllis C. Borzi got the job she “always wanted” when she took over leadership of the Labor Department's Employee Benefits Security Administration in 2009, but she credits her previous roles for preparing her well.
Japan's Government Pension Investment Fund is able to respond tactically to current market volatility but a broader response built on allocations to infrastructure, real estate and private equity will require a continued expansion of the fund's investment team at home and abroad, the president of the ¥132.1 trillion ($1.3 trillion) Tokyo-based pension giant said.
Overlay managers are looking to expand their business by targeting smaller endowments and foundations — not just by managing a portfolio, but also by allowing those funds to use their trading desks for daily moves.