A report claims existing rules are sufficient to manage falling asset liquidity if combined with additional tools.
A proposed funding regime has been abandoned in favor of a reporting tool and scenario testing—but pension funds are still not happy.
Khaled Bassily is accused of helping conceal extra charges within transition management fees.
As regulators crack down on enforcement, investors need robust compliance structures to avoid expensive fines, according to the Regulatory Fundamentals Group.
A small sample of mutual funds reviewed by the UK watchdog found several shortcomings from asset managers.
The US Department of Labor’s final “conflict of interest” rule will not significantly affect fiduciaries already operating under ERISA.
In a formal response to Gross’ $200 million lawsuit, PIMCO accuses the former CIO of a “disruptive and unacceptable course of conduct.”
The Moore Charitable Foundation said it fell victim to Park Hill Group ex-Managing Principal Andrew Caspersen’s $95 million fraud.
Andrew Caspersen allegedly scammed a charitable foundation and a private equity firm with phony investments, according to US prosecutors.
Only high-level action can help the continent’s ailing pension system combat negative interest rates, asset owners say.