Judge Approves Lehman Liquidation Plan
US bankruptcy court judge James Peck in Manhattan has given his nod of approval for Lehman Brothers to send its liquidation plan to creditors.
News Archive: Aug - 2011
Testimony Claims Gundlach Discussed PIMCO, WAMCO Offers
Recent court testimony claims bond fund star Jeffrey Gundlach spent his last months at the company claiming he had job offers from PIMCO and Western Asset Management.
Australia's Prime Minister Says Superannuation Trumps Sovereign Wealth Fund
Australia's Prime Minister Julia Gillard is adamant that the nation's trillion-dollar superannuation regime is sufficient, ruling out the need for a sovereign wealth fund.
With US Investment, the Caisse Encounters Harsh Criticism
Canada's Caisse de dépôt et placement du Québec is facing scrutiny for US investment amid pressure to foster the province’s economic development.
PIMCO's Gross: I Made a Mistake
Pacific Investment Management Co. founder Bill Gross says he has "lost sleep" over a wrong call on US Treasury bond interest rates, which cost him in his Total Return bond fund.
Survey: Alternatives in Vogue for US Institutional Investors
A recent study by Keefe, Bruyette & Woods has found that the hype over alternatives among institutional investors in the US is not expected to subside.
CalPERS Settles With Fitch Over 'Negligent Misrepresentations'
The largest public pension fund in the US has settled a lawsuit with Fitch Ratings over claims that it, as well as Moody's Investors Service and Standard & Poor's, assigned inaccurate ratings that resulted in massive losses.
New Zealand Supperannuation Fund Battles Slack for Investing in 'Illegal' Cluster Bombs
New Zealand's Green Party has asserted that the county's Superannuation Fund is investing in cluster-bomb manufacturers, which is illegal.
UK Schemes Lag Behind the ESG Bandwagon, Industry Group Claims
According to the UK Sustainable Investment and Finance Association, too few UK pension funds are adopting responsible investment approaches despite an uptick in interest.
BofA Sells China Bank Stake to SWFs, Institutions
Bank of America has sold about half of its 10% stake in China Construction Bank to a handful of sovereign-wealth funds and institutions in the US and Asia, totaling $8.3 billion before taxes.
Bond Guru Gundlach Hoards Cash
Jeffrey Gundlach's DoubleLine Capital is favoring cash over almost all investments including corporate bonds.
Catastrophe Bonds Attract Scrutiny in Wake of Hurricane
The monitoring of Hurricane Irene's impact on catastrophe bonds continues.
Ohio Pensions: Federal Rule Denies Us Rightful Fannie Payment
Two Ohio public pensions are asking a judge to disallow federal agency rules that would potentially subordinate their claims in a lawsuit against Fannie Mae.
Study: Union Strength Impact on Pension Benefits Is Nil
New data released by the Center for Retirement Research shows that union strength appears to have no impact on the level or growth of benefits.
Aon Hewitt Urges Legal Simplification on EU Pension Legislation
Consulting firm Aon Hewitt claims that EU rules on the establishment of cross border pensions must be simplified.