Asset managers must calculate and communicate transaction costs to pension investors, says the UK’s Financial Conduct Authority.
The hedge fund group made “illicit payments” to African officials for access to mining assets and to encourage investment in Och-Ziff funds, the SEC alleged.
Leon Cooperman and Omega Advisors allegedly profited from nonpublic information, the SEC claims.
Many features college DC plans are sued over are a source of guaranteed retirement income—solutions regulators and legislators are actively seeking to add to 401(k) plans, the consultant argued.
The US Securities and Exchange Commission said the private equity firm failed to properly disclose conflicts of interest to investors.
The New York City-based school has been sued for $100 million for underperforming funds.
Another US regulator adds to the restrictions faced by the hedge fund manager following insider-trading charges.
Each of the three universities is facing litigation over “excessive” fees in their employee retirement plans.
US authorities have claimed State Street made “substantial profits at the expense of its custody clients.”
Public pensions must shoulder some of the blame when it comes to paying high fees for private equity, a law professor argues.