Goldman Sachs Accused by SEC of Civil Fraud on Mortgage-Backed CDOs
The government has accused Goldman Sachs of failing to disclose conflicts of interest in mortgage investments it sold as the housing market was waning.
Newsmakers
Abu Dhabi Fund Names New Chief
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.
IFC, SWFs Partner to Invest in Companies in Africa
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.
Goldman Sachs Tries to Snag Endowment Chiefs
The Wall Street titan is looking to expand its portfolio solutions team of 50 employees.
Aaron Meder to Head US Pension Solutions for Legal & General
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.
Stanford Endowment on the Lookout for New CIO
The third largest endowment among US colleges is searching for a CIO
after leaving the post vacant for more than two years.
San Diego County Faces Concerns Over Conflict of Interest
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 Firms Meet With CalPERS, Others to Discuss Private Equity
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 ai5000 Magazine…Review: Michael Lewis' Big Short
Continued from the March/April issue of ai5000...Michael Lewis' Big Short, Reviewed.
China Automaker Acquires Volvo for $1.8 Billion; Pension Deficit to Reduce Price Tag
China's
Geely Automobiles Chairman Li Shufu vowed to control American and
European markets and now the automaker is making that a reality.
Canada's Largest Pension Acquires British Lottery Operator
The Ontario Teachers' Pension Plan will buy Camelot for $576 million.
Citi to Expand Hedge Fund Advisory Team
The banking giant’s institutional hedge fund advisory team currently
consists of 30 people and plans a majority of its new recruitment in
Asia.
SDCERA Backpedals, Seeks Competing Bids for Investment Outsourcing
The San Diego County
pension Board of Retirement– which two weeks ago was presented with a proposal
by the fund’s CEO to outsource its entire investment staff via a no-bid
contract – today approved a measure that would in fact open up the process to
competing firms.
SDCERA to Meet on No-Bid Outsourcing of Investment Staff
In a Board meeting
scheduled for March 18, the San Diego County Employees’ Retirement Association
will vote on whether to proceed on or further discuss the outsourcing of it’s
investment staff to Lee Partridge’s Integrity Capital, as well as a shift in
asset allocation.
CalPERS Board Removes Shareholder Proposal Limit
The largest US pension fund
voted to
lift the limit on the number of shareholder proposals its staff can
issue and announced plans to increase the accountability of
directors through a majority vote policy.