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.
JP Morgan has asked a judge to throw out a case because it claims it had full discretion over investment choices.
Libya’s sovereign wealth fund is chasing Goldman Sachs to recoup more than $1 billion.