As volatility pummels currency-trading strategies, the world's largest currency hedge fund, FX Concepts, is hemorrhaging money -- and they're losing people as they're losing capital.
After leaving office as New Jersey's governor, Jon Corzine assumed the CEO position of MF Global, pledging to improve the firm's financials -- but ended up leaving it in a state of crisis.
Bill Gross, who manages the world’s largest fixed-income fund -- the PIMCO Total Return Bond fund -- has asserted that you cannot solve a debt crisis by creating more debt.
An approach by the Federal Reserve of QE3 would be the wrong path to take to improve the US economy, notes Michael Litt, founder and chief investment officer at Arrowhawk Capital Partners.
In his inaugural speech, Mark Hyde Harrison, the new Chairman of the National Association of Pension Funds (NAPF), noted that defined contribution (DC) pensions in the UK are inefficient and wasteful.
Prudential Financial has announced that it will sell its stake in Afore XXI S.A. de C.V., a private pension fund manager in Mexico, to Mexican bank Banorte.
CEO and co-CIO of Pacific Investment Management Co. (PIMCO) Mohamed El-Erian, asserts in a recent article that the state of the US economy reflects financial re-alignments, insufficient policy responses, and rigidities that frustrate structural change.
A new guide published by the National Association of Pension Funds (NAPF) is aimed at helping trustees and pension fund managers understand performance measurement, attribution, and risk analysis.
The San Diego County Employees Retirement Association has terminated the employment of Jeffrey Baker, who had accused the fund’s investment team of failing to inform the its investment committee that risk budgets had been breached.
The former HR head at SAG-Producers Pension and Health Plans, Craig Simmons -- who was fired in March and accused his boss of steering business to family members -- was involved in steering money to his spouse's marketing company.
