Departing Cornell CIO Plans to Start $150 Million Hedge Fund
James Walsh plans to leave his position as CIO at Cornell University
to start a hedge fund targeting institutional investors.
Newsmakers
Australian Road Operator May Reject Canadian Pension Bids
Transurban,
Australia’s biggest toll road operator, plans to raise enough capital to
finance its acquisition of
Sydney's troubled Lane Cove Tunnel.
Norway’s SWF Sees Green Shoots After Market Downturn, Posts 3.9% Q1 Return
Yngve Slyngstad, head of Norges Bank Investment
Management, the central bank’s asset management arm, said he sees market
turmoil as an opportunity and not a threat.
Opinion: Mutual Funds in Times of Crisis
Head of Global Consulting at Strategic Insight Daniel Enskat examines the influence of mutual funds in turbulent economic times.
Opinion: UK Elections 2010: Candidates Await Their Fate
The Conservatives, headed by David Cameron, lead Labour in the seat count in the House of Commons, but exit polls suggested that Conservatives would fall short of the 326 seats needed to form a majority by about 20 votes.
Secretive SWFs Meet in Sydney
More than 24 sovereign wealth funds will meet in Sydney this week
for a three-day closed conference.
California Sues Two Former CalPERS Heads
The state is suing California pension fund officials Federico
Buenrostro Jr. and Alfred R. Villalobos for their role in an alleged
scheme to obtain business for investment firms, providing pension
officials with luxury trips and other gifts.
Dutch Pension Drops Goldman, Citing Falling Performance
Fund’s statement says Goldman
failed to meet expectations, yet does not refer to the civil fraud
charges filed April 16 against the U.S. bank.
Ontario Teachers’ Looks for New PE Chief
Erol Uzumeri will leave Canada’s third-biggest retirement-fund
manager to start his own money management firm.
Goldman CEO Blankfein Calls Fraud Case 'Totally Political'
Lloyd Blankfein counters the SEC's fraud allegations, signaling that
Goldman will aggressively fight the charges in court.
Apollo Agrees to Cut $125 Million in Fees It Charges CalPERS
New York's Apollo Global Management has agreed to trim the fees it
charges California fund giant CalPERS over the next five years.
CalPERS ‘Disturbed’ by Goldman Fraud Case
The country’s largest government pension fund, which owns 1.8 million
shares in the embattled investment bank, says the fund’s corporate
governance staff will examine Goldman practices and influence the makeup
of Goldman's board if needed.
Hit to Goldman’s Reputation Will Be Harder to Recoup
Analysts say the U.S. Securities and Exchange
Commission’s civil fraud charges could force Goldman to pay hundreds of
millions in fines and restitution. The blow to the firm’s reputation
may be harder to salvage.
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.
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.