The vetoed bill would allow NYC pension
to up allocations to alternatives and international bonds to 30%.
A bill to be scrutinised by the Californian senate in January could lead to forced divestments for the state’s biggest investors.
Arrangements with San Bernardino, Stockton, and Vallejo will lead to more financial strain, ratings agency Moody’s argues.
Boston-based firm has received subpoenas from the Department of Justice and the
Securities and Exchange Commission, according to its quarterly filing.
The institutions’ use of Luxembourg-domiciled shell vehicles has made them the target of tax-avoidance allegations.
The $300 billion pension is celebrating a reversal of a decision to impose huge cuts on public workers’ pensions.
Consultants could be breaking US law by recommending their own investment management services, a government official has said.
will decide next week whether Detroit’s plan to slice $7 billion of debt is feasible.
The UK government’s financial backing of BT’s pension fund has been called into question following a European court ruling.
Pension funds will have to disclose hedge fund, private equity, and infrastructure exposure on a quarterly basis as Denmark grapples with “prudent person” guidelines.