A CIO panel explored different ways for allocators to assess their outsourced investment chiefs.
Ohio and Texas pension funds were among the investors who lost millions as a result of James Velissaris’ fraud.
The Kansas bill, which has reached the governor, would reduce the state pension by $3.6 billion and cut its funded level by 10%, a fiscal analysis says.
Brazilian mining firm Vale SA fined $56 million for fraud that led to fatal 2019 dam collapse.
Complaint alleges the company’s executives and its auditor ‘understated and concealed’ the risks posed by rising interest rates.
If NFL owners allow it, the buyout bunch would be dipping into a lucrative pool.
