CalPERS changed its portfolio from Dec 2012 to Jan 2013, focusing on bonds instead of commodities. CalPERS or the California Public Employees' Retirement System has decreased its investments in commodities futures at the start of 2013.
Pension funds
Cordiant Capital to offer emerging market loans
Cordiant Capital would be offering loans to emerging markets through its Cordiant Emerging Loan Fund IV.
Petronas Revises Offer for EPF Shares
The Petronas shareholdings increased after it submitted its revised offer to EPF for its shares for MISC.
MISC Bhd Receives Higher Bid from Petronas
Petronas, whose real business name is Petroliam Nasional Bhd, offered higher price to buyout shipping company.
Investors raise $11 B to finance British rental homes
In anticipation of a housing shortage and the prospect of higher returns, some 30 institutions plan to invest $11 billion on rental homes in Britain.
Latest News
Private equity firms are losing funding sources as investors are wising up to avoid exorbitant fees and charges.
In the wake of the 2007 mortgage crisis, a group of Singaporean investors have filed suit against Morgan Stanley for their role in the debacle.
Abu Dhabi's Al Hilal Bank to issue sukuks before end of the year. Al Hilal Bank, the state owned bank of Abu Dhabi, is planning to issue a debut Islamic bond valued at US$500 million to be done in the third quarter of 2013.
Canada's largest pension fund eyes purchase of uranium enrichment firm. One of the world's biggest pension funds in the world, the Canada Pension Plan Investment Board, is interested in acquiring Urenco, the nuclear fuel production firm.
Ackman's investors seeking clarifications on investments in JC Penney and Herbalife. Two of the institutional investors comprising William Ackman's US$12 billion hedge fund are planning to ask more information on the investment made in beleaguered retailer JC Penney.
PICC lists in Shanghai index after HK index. According to People's Insurance Company of China Group's Chairman Wu Yan, it would be completing an A share listing by the third quarter of 2013.
VEBA and Fiat most likely to break impasse to avoid lowered share value at IPO. In recent remarks, Fiat CEO Sergio Marchionne said that the Italian carmaker would most likely agree to the valuation of VEBA for its 41.
Corvex and Related lose court fight to restrain stock offer by Commonwealth REIT. Despite the objections by investors in CommonWealth REIT, the sale of thirty million shares valued at US$19 per share would proceed as planned.
Ford's novel annuity for lump sum swap increases funding for pension funds. Ford Motor Co. 's funding for its US pension funds had increased in 2012, as decreasing rates of interest offset the investment gains achieved in the year.
