Sovereign investors will allocate more of their funds to alternative assets to meet long-term investment return targets, according to a study by Invesco Ltd.
Gold surged the most in nine months and silver jumped to a 13-week high as the Federal Reserve said U.S. interest rates will remain low, driving the dollar down and boosting demand for the metals as alternative investments.
North Carolina would release information about its $87 billion pension fund’s private-equity investments after five years, according to a bill under consideration in the legislature.
Edward “Ned” Kelly, chairman of Citigroup Inc.’s institutional businesses, including the investment bank, is retiring and will be succeeded by Vice Chairman Stephen Volk.
KPMG’s Hunter Watching Spanish Banks for Contagion Sign (Audio)
Peterson’s Posen Says Portugal ‘Tip of a Small Iceberg’ (Audio)
BNY Mellon’s Arledge Says Alternatives Mainstream Now (Audio)
Wealth Manager Sica on Correlation Risk, Alternatives (Audio)
KPMG's Hunter Sees 3% GDP Growth in 2014 (Audio)