As Japanese institutional investors -- generally bearish on hedge funds -- increasingly aim to up their hedge fund allocations in the near term, a former prime brokerage executive at JPMorgan Chase & Co has set up a hedge fund advisory firm in Japan.
In a rare show of expression for the usually intensely private sovereign wealth fund, Singapore's Government Investment Corporation has voiced concern with UBS's trading loss.
A coalition of institutions led by Aviva Investors has called on United Nations’ member states to develop a global policy framework that requires listed and large private companies to integrate sustainability information throughout their Annual Report and Accounts.
The Pittsburgh, Pennsylvania municipal pension plan had been threatened with a state takeover; by achieving a funding status over 50%, they have avoided it – for now.
The pension plan of the American Federation of State, County & Municipal Employees has filed a shareholder proposal, saying that an independent chairman would provide checks and balances in the structure at Goldman Sachs.
CalPERS has publicly censured a board member for alleged involvement in a personnel action based on complaints filed by coworkers in addition to adopting governance reforms.
Caxton Associates co-founders Bruce Kovner and Peter D'Angelo are retiring from the $10 billion hedge fund, and will be succeeded by Chief Investment Officer Andrew Law.
From aiCIO Magazine's Fall 2011 Issue: Should asset owners be investing with managers that place so much weight on a single individual’s shoulders? Benjamin Ruffel reports.
From aiCIO Magazine's Fall 2011 Issue: If the
financial crisis exposed the Chicago School’s central economic theory -- the primacy of free markets unfettered by government intervention -- to be a False God, what will take its place? Joe Flood reports.