The oil giant is approaching sovereign wealth funds in the Middle East and Asia to defend itself against takeover bids.
Diageo has found a creative way to plug its growing UK pension hole: Fill it with £430 million ($642 million) worth of Scotch from its distilleries in Scotland.
A group of 12 creditors says Lehman Brothers Holdings Inc.’s plan to pay claims fosters conflicts among creditors that may lead to lawsuits.
Ten years after the UKSIF introduced pensions disclosure regulation, the group is urging schemes to increase their skills in sustainability governance.
In letters to Canadian Prime Minister Stephen Harper and Chung Un-Chan, prime minister of South Korea, the International Corporate Governance Network urged G20 leaders to recognize the intrinsic role of institutional investors in reforming shareholder rights.
Bahraini state investment fund Mumtalakat said losses soared last year as it restructured some of its holdings.
The gain takes the fund's market value to $96.7 billion, erasing most of the losses suffered during the financial crisis.
At the GAIM hedge fund conference this week, managers focused on the problems that could hit their firms rather than the past year's client inflows and 20% returns.
Following an internal investigation by CalPERS, Ares Management and Relational Investors have agreed to stop using so-called placement agents and reduce the fees they charge the fund by millions of dollars over the next five years.
Since the Gulf of Mexico oil spill started in April, pulling down BPs share price, the governments of Norway, Kuwait, China and Singapore have lost billions of dollars.
Directionless investors are conspiring with weak macro-economic conditions to unsettle a business model dependent not just on activity, but short selling, leverage and spreads, says Dominic Hobson, editor in chief of Global Custodian.
The head of China's $114 billion national pension fund said Thursday that the euro will survive the sovereign debt crisis.
BP's Chairman Carl-Henric Svanberg and Group Chief Executive Tony Hayward issued a statement saying they will meet obligations to institutional investors, including pension schemes, but are unable to guarantee dividend payments.
Dutch fund of funds Alpinvest is close to taking over Royal Bank of Scotland’s European private equity fund portfolio.
The executive director of the Massachusetts Pension Reserves Investment Management Board (MassPRIM) is stepping down next month, a treasury staffer said Monday.