The US Department of Justice has brought a case against BNY Mellon alleging it cheated customers on foreign exchange services, leading to revenues of more than $1.5 billion from some of the largest institutional investors worldwide.
One of the largest Eurozone banks has brought a pension specialist on board as it waits out the region’s crisis before taking its UK arm public, aiCIO has learnt.
The executive director of the $37 billion Teachers’ Retirement System of the State of Illinois has hinted that the plan may lower its assumed rate of return.
From aiCIO Magazine's June Issue: Editor-in-Chief Kip McDaniel offers a look at the struggles of US public pension funds--and an understanding of how we got here.
From aiCIO Magazine's June Issue: Paula Vasan examines the opaqueness of industry jargon and reminds us--and herself--that showing is better than telling.