An investment analyst has sued the $5.5 billion Alameda County Employees’ Retirement Association for allegedly threatening to fire him after he accused the fund’s CIO of falsifying time slips.
As banks around the country have faced lawsuits by pension funds, regulators, and other agencies over their mortgage-lending practices during the housing market collapse, Wells Fargo now battles allegations of discriminatory lending.
Venture capital performance has continued on a gradual upward trajectory as of the first quarter of 2011 according to the Cambridge Associates U.S. Venture Capital Index.
Just one week after increasing its airport holdings, the Ontario Teachers’ Pension Plan has acquired Impark, the third largest parking service company in North America, in a move indicative of pension funds’ increasing interest in infrastructure.
Mercer has created and appointed a global chief investment officer focused on mainstream assets for its investment management business, signaling that the growing trend toward discretionary consulting is not slowing down.
The Government of Singapore Investment Corp has expressed uncertainty about developed economies and is moving investments toward developing economies in what it calls a “challenging” investment climate.
A new OECD report shows that having weathered the financial crisis, pension fund asset levels in most countries continue to show strong growth and are on the way to returning to pre-crisis levels.
The combination of favorable market conditions and impending increased capital requirements for insurance firms has spurred a record £3 billion in UK pension buy-ins, KPMG reports.
US private equity firm The Carlyle Group is seeking to sell up to £200 million ($326 million) of equity in RAC, the roadside rescue business it purchased from Aviva for £1 billion a month ago, The Sunday Telegraph has reported.
