Fund’s statement says Goldman failed to meet expectations, yet does not refer to the civil fraud charges filed April 16 against the U.S. bank.
Erol Uzumeri will leave Canada’s third-biggest retirement-fund manager to start his own money management firm.
Lloyd Blankfein counters the SEC's fraud allegations, signaling that Goldman will aggressively fight the charges in court.
New York's Apollo Global Management has agreed to trim the fees it charges California fund giant CalPERS over the next five years.
The country’s largest government pension fund, which owns 1.8 million shares in the embattled investment bank, says the fund’s corporate governance staff will examine Goldman practices and influence the makeup of Goldman's board if needed.
Analysts say the U.S. Securities and Exchange Commission’s civil fraud charges could force Goldman to pay hundreds of millions in fines and restitution. The blow to the firm’s reputation may be harder to salvage.
The government has accused Goldman Sachs of failing to disclose conflicts of interest in mortgage investments it sold as the housing market was waning.
Sheikh Hamed bin Zayed al Nahyan will become the new boss of Abu Dhabi's SWF, replacing his late brother who died in a glider crash in a lake in Morocco.
The International Finance Corp said it would team up with SWFs and pensions to form an $800 million fund that will invest in equities in Africa, Latin America and the Caribbean.
The Wall Street titan is looking to expand its portfolio solutions team of 50 employees.
Meder, who previously worked at UBS, will expand a team responsible for the company's construction and management of liability driven investments (LDI) for US pension clients.
The third largest endowment among US colleges is searching for a CIO after leaving the post vacant for more than two years.
The $6.9 billion association has already approved the idea of outsourcing its investment staff, but will scope out other alternatives and look at the cost difference between the in-house and outsourced models.
Buyout heads met with investors to discuss the role of private equity in investment portfolios and the challenges and opportunities confronting the industry.
Continued from the March/April issue of ai5000...Michael Lewis' Big Short, Reviewed.