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.
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.
The government has accused Goldman Sachs of failing to disclose conflicts of interest in mortgage investments it sold as the housing market was waning.
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.
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.
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.
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 heads met with investors to discuss the role of
private equity in investment portfolios and the challenges and
opportunities confronting the industry.
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.
