Hedge Fund Manager Sentenced to Six Years for Fraud
Yasuna Murakami ordered to pay $10.5 million in restitution for running Ponzi scheme.
Newsmakers
New Accounting Rules Trigger a Paper Loss for Berkshire, but Buffett Says It’s OK
Company has $110 billion ready to make a large cash acquisition.
Calif. VC, Entrepreneur Vivek Ranadivé to Headline CIO Summit
Owner and chairman of the Sacramento Kings, founder of Bow Capital, and founder of the multi-billion dollar software company TIBCO will explore the forces shaping the future.
Milken: CIOs Say Divestment Isn’t the Way
To change problematic companies, institutional investors say to stay in and help restructure ESG policies.
Cyberwarfare, Populism Among Top Concerns at Milken 2018
Fears of Russian information meddling, nuclear weapons proliferation rising.
UK Pension Protection Fund Cap Unlawful, Says Advocate General
A final decision will now be decided on by the European Court of Justice.
Actuarial Report Prompts PennSERS Board to Lower Employer Contributions
Board approves nearly $300 million in private equity, multi-strategy investments.
University of Louisville Sues Former President over Endowment Losses
James Ramsey, four others are accused of enriching themselves while depleting the endowment.
California Pension Overhaul Bills Killed
Three bills aimed at lowering state pensions costs are shot down by Senate committee.
Registration Open for CIO Summit
Leading pillars of the asset owner community come together on May 10 and 11 for two days of innovative off-the-record discussion.
Judge Derails Kentucky Governor’s Move to Kill Attorney General’s Pension Lawsuit
Court ruling lets lawsuit go forward to stop teachers’ retirement plan overhaul.
Court Rules Pension Plan Change Did Not Violate Law
Ruling: Northern Trust’s change in payout formula not an illegal reduction in accrued benefits.
Louisiana Pension System Gets Cold Feet on Creation of New Plan
Treasurer laments system’s decision, unhappy with detracting governor.
Court Battle Begins over New Kentucky Pension Change
Democratic AG seeks to overturn GOP-passed measure that would move teachers into a hybrid retirement plan.
Royal Bank of Scotland to Make $5 Billion in Pension Contributions
CFO calls decision an ‘an important milestone.’