A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments.
The bank admitted to securitizing mortgage loans with full knowledge of their “material defects.”
Achilles Macris allegedly failed to be “open and co-operative” with the UK’s financial watchdog.
The hedge fund-turned-family office has received “a number of inquiries” since announcing it would return $8 billion to investors.
After years of pushing private equity firms to change, investors finally have a clear set of demands.
The two firms will pay more than $150 million to the SEC and New York Attorney General’s office for allegedly misleading investors.
£300 million or more could be saved through ambitious collaborative projects, UK public pensions say.
The former hedge fund firm turned family office is back with a London base, while a deal with the SEC "opens a path to raising outside capital" in the future.
The Boston-based firm was accused of making political contributions in exchange for Ohio pension fund contracts.
Fully funding pensions now allows plan sponsors to avoid costly premiums and take advantage of tax arbitrage, according to Russell Investments.