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  1. 21 hours ago

    Hedge funds: California calls time

    Few of the local workers who pay into the London borough of Camden pension scheme each month would have heard of Alan...

  2. 21 hours ago

    Pension schemes stick with hedge funds

    Millions of pension savers in the UK will continue to have their savings invested in hedge funds, an asset class branded...

  1. September 19, 2014

    Letter from Lex: ending a relationship

    It has been a week for thinking about break-ups, and not just in Scotland. Over on the west coast of the US there has also...

  2. September 17, 2014

    UK’s £1tn corporate pensions sector stands by hedge funds

    The embattled hedge fund industry was given a boost by the UK’s £1tn corporate pension fund sector that indicated it would...

  3. FT Alphaville

    September 17, 2014

    Video: Calpers and hedge funds, the end of the affair

    Joseph and Dan discuss the decision by the largest US public pension fund to ditch hedge funds, on the set of mastermind.*...

  4. September 16, 2014

    Calpers gives up on the hedge fund dream

    In the years since the financial crisis, many once-fashionable investment vehicles have fallen from grace. Fewer buyers now...

  5. September 16, 2014

    UK pension fund criticises hedge fund fees

    One of the UK’s most influential public pension funds has branded high hedge fund fees as unjustifiable, adding to pressure...

  6. September 16, 2014

    Calpers: just not that into you

    Dear Lex, I have recently decided to end a 12-year relationship with a handsome, exciting asset class. It’s not me; it’s...

  7. FT Alphaville

    September 16, 2014

    Calpers ditches hedge funds [Update]

    The message is starting to get through. Calpers, the largest US public pension fund, has said that it will stop investing in...

  8. September 16, 2014

    Calpers pulls out of ‘costly’ hedge funds

    Calpers, the largest US public pension fund, has announced plans to eliminate its hedge fund programme, in a severe blow to...

  9. September 7, 2014

    Calpers alone in hedge fund retreat

    The decision by Calpers, the $300bn California Public Employees’ Retirement System, to cut its exposure to hedge funds will...

  10. FT Alphaville

    July 31, 2014

    Most hedge funds fail

    That conclusion, and its consequence — picking good hedge funds that will survive is beyond the ability of big investors...

  11. July 6, 2014

    US pension funds keep fossil fuels burning

    US pension funds have ignored calls from city councils and mayors to divest from carbon-intensive companies, despite concern...

  12. FT Alphaville

    May 29, 2014

    Manager wanted to nurture $288bn. Humility, grace and good humour required

    Do you have 15 years of investment experience, are prepared to work in Sacramento, California, for no more than $612,000?...

  13. May 27, 2014

    Urban Outfitters faces shareholder rebellion over diversity

    Urban Outfitters, the clothing retailer, has faced sharp criticism from large pension funds over a paucity of female...

  14. May 16, 2014

    Calpers sells stakes in Alisher Usmanov companies

    Calpers, the California state pension fund, has sold its holdings in two companies part-owned by Russia’s richest man,...

  15. May 15, 2014

    Chipotle investors vote down pay package

    Chipotle shareholders have rebuked the burrito chain’s executive pay plan with 77 per cent of the votes at its annual...

  16. May 7, 2014

    BofA’s board backed despite capital woes

    Shareholders in Bank of America supported the election of all 15 nominees to the board despite investor calls to punish...

  17. May 7, 2014

    BofA faces voter backlash over error

    Calpers, the Californian state pension fund, will be the second big investor in Bank of America to use its vote at the...

  18. FT Alphaville

    April 28, 2014

    If the GPIF suit fits...

    If you were a Japanese prime minister intent on being radical (where it’s practical) and you had the world’s second largest...

  19. April 14, 2014

    Duke directors targeted over ash spill

    Pension fund investors are trying to oust four board members at Duke Energy, the largest utility in the US, amid mounting...

  20. February 24, 2014

    US pensions pick up the pace in race to de-risk

    It has been a long, nerve-racking night at the roulette table. Our hero has been up handily, then down, up again, and then...

  21. February 16, 2014

    Private equity retreats from renewables ‘fad’

    Private equity houses are retreating from the much-hyped renewable energy sector in the wake of a swath of lossmaking...

  22. November 15, 2013

    If you cannot beat them, track them

    Pension funds on both sides of the Atlantic have increasingly been adopting the same mantra when it comes to the investment...

  23. September 3, 2013

    Norway’s SWF: beyond the consensus

    Norway has lots of oil and lots of money. That happy state of affairs carries risks. Ahead of a general election on...

  24. May 5, 2013

    Traditional investors adopt activism

    Traditional institutional investors are taking a leaf out of the book of more aggressive activist investor groups, which are...

  25. April 24, 2013

    Citigroup sees off shareholder revolt on executive pay

    Citigroup quelled a shareholder revolt on executive pay on Wednesday but told investors not to expect a quick wind-down of...

  26. April 7, 2013

    Calpers agitates for better governance

    Calpers, with some $255bn in its care, is the largest public pension fund in the US. And it has been throwing its weight...

  27. April 7, 2013

    Calpers to awaken zombie boards

    Fresh from successes at Apple and Hewlett-Packard, the largest US public pension fund is preparing to take on “zombie”...

  28. April 2, 2013

    Stockton allowed to enter bankruptcy

    A federal judge ruled to allow Stockton to enter bankruptcy on Monday, rejecting the pleas of Wall Street creditors who say...

  29. FT Alphaville

    April 1, 2013

    The Closer

    FT markets round-up: “Global equity markets started the second quarter on a cautious note, as weak manufacturing data in the...

  30. March 26, 2013

    Creditors fight Stockton bankruptcy claim

    Wall Street creditors are trying to stop Stockton from seeking municipal bankruptcy protection, arguing that the California...

  31. March 19, 2013

    Calpers turns back to commodities

    Calpers, the largest US public pension fund, has endorsed commodities as a safeguard against inflation despite recent moves...

  32. March 18, 2013

    Former Calpers head charged over fees

    A former head of the California Public Employees’ Retirement System, the largest US pension fund, has been charged with...

  33. FT Alphaville

    March 13, 2013

    Some Libor frustration

    Barclays views it as imperative that the market has access to Benchmarks that are well constructed, transparent and that...

  34. March 10, 2013

    Active ownership offers win-win strategy

    On March 12, fund managers, asset owners and politicians will meet in the UK parliament to mark “Ownership Day”, a day...

  35. March 1, 2013

    Einhorn drops lawsuit against Apple

    David Einhorn has dropped his lawsuit against Apple, ending an obscure battle over corporate governance between his $9bn...

  36. February 21, 2013

    Einhorn under fire from Greenlight investor

    David Einhorn has been attacked by one of his own investors for the tactics used by his $9bn hedge fund in its battle with...

  37. February 18, 2013

    Incoming SEC head faces early test

    A proposal to force public companies for the first time to disclose all their political activity to investors is emerging as...

  38. February 10, 2013

    Einhorn shows attacking instinct on Apple

    In a New Year letter to investors in his $8.8bn hedge fund, David Einhorn reflected on trading losses it suffered in the...

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