Business Services Industry
News: Allstate diversifies out of liquidity.(Allstate Insurance Company's pension scheme investment plans)(Brief Article)
Financial Times Mandate, February, 2003
US firm Allstate Insurance Company's pension scheme is to go into real estate and increase its allocation to private equity.
The $2.5bn defined benefit part of Allstate's retirement scheme will raise private equity from less than 1 per cent to 3.5 per cent and invest 7 per cent in real estate in the next three to five years.
The move follows a decision to go into "more illiquid areas", said David Walsh, investment planning and strategy director.
"We need more diversity, and there is no need for liquidity. We are extremely liquid already."
Managers will be appointed by the fund's real estate and private equity group.
The fund will not issue requests for proposals since the group already "knows a lot of good managers", said...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
