Despite the ruckus over new banking regulations, investors should not think these 'trusted partners' are 100% safe, market specialists have been warned.
The Profile: Ash Williams, Executive Director and CIO of the Florida State Board of Administration, speaks about public pensions and strategic partnerships—and why every asset manager wants them.
Explicit risk policies, performance measurement, and liability accounting must all be part of strong governance structures at public pensions, according to the National Conference of Public Employees Retirement Systems.
The second largest public pension fund in the United States has sued officers and directors of Wal-Mart over allegations that the retailer bribed officials in Mexico.
"The threat of a Federal Solution hopefully will deter plans who currently make the full actuarial required contributions payments from going back on this promise," says Chris Tobe, a former trustee of the Kentucky Retirement Systems (KRS).