As a result of exposure to US Treasury and US government agency securities, Standard & Poor's has placed 73 fixed-income funds on credit watch with negative implications.
The $146.5 billion New York State Common Retirement Fund (CRF) has announced a proposed $168 million settlement of its securities fraud class-action lawsuit against National City Corporation over investment losses.
Hedge fund Paulson & Co. has won a US court battle with the Government of Singapore Investment Corp. (GIC) over a group of luxury hotels which were originally part of the holdings of Morgan Stanley Real Estate Fund (MSREF).
A senior money manager at BlackRock has asserted that the euro's resilience amid the ongoing crisis among euro-zone members "underscores that sovereign wealth funds continue to believe in it."
The International Monetary Fund has urged the UK to implement new reforms in its public pension system, asserting that more could be done to improve structure and cost.
Global equities managers with smaller assets and fewer staff members receive the greatest excess returns, new research shows; at least one large US pension fund is investing accordingly.
Oklahoma's attorney general is launching an investigation into the state's pension investments based on fraud found in California, Virginia, and Florida.