Post-crisis rulebook updates are raising hedging costs on both sides of the Atlantic.
Consultants put too little weight on manager fees and fail to identify managers that offer better returns, the Financial Conduct Authority said.
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.