As custody banks such as State Street face lawsuits for fraud and misrepresentation over foreign-exchange pricing, industry sources say such allegations may have little material impact on their relationships with pension funds.
A group of 11 mortgage-bond investors have filed a challenge to Bank of America’s proposed $8.5 billion settlement with holders of its subprime mortgage securities.
Norway's oil fund -- the Government Pension Fund Global (GPFG) -- has agreed to form a joint venture to buy $1 billion of real estate assets in Paris from AXA.
Governments will moderate their controls on capital and currency market interventions in the coming years in response to the preferences of international capital, says PIMCO.
A 2010 internal document from the Libyan Investment Authority has revealed that the multi-billion dollar sovereign wealth fund was wracked by mismanagement and confusion months before NATO’s intervention into the country.
Widespread calls for Australia to establish a commodity-backed sovereign wealth fund are meeting stiff resistance from politicians and analysts who question the wisdom of such a fund.
Massachusetts State Treasurer Steven Grossman has upwardly revised his June 13 accusation that BNY Mellon overcharged the state’s $50 billion pension fund on foreign exchange trading.
The AFL-CIO has announced plans to work with pension fund managers to ensure that at least $10 billion in union pension money is made available to fund infrastructure projects within the next five years.
The director of the UK's Securities Fraud Office (SFO) has been contacted by the US over inquiries involving financial institutions and whether bribes were paid in transactions with sovereign wealth funds, Bloomberg has reported.
While an audit of the Kentucky Retirement Systems found no evidence of pay-to-play activity, "troubling aspects" regarding the use of financial middlemen that connect money managers with pensions, known as placement agents, were revealed.
Bank of America has agreed to settle for $14 billion with investors who bought ill-fated subprime mortgage securities from its Countrywide Financial subsidiary.
The nation's largest public pension fund paid $11 million to a Washington, DC, law firm to conduct an internal review, raising questions over legal fees.
A class action lawsuit has been filed on behalf of employees in Alabama's state pension plan, raising questions over investments in golf courses, condominiums, hotels, and resorts.
