Private Equity Firm to Pay $20.5M to Settle SEC Charges of Inadequate Fee Disclosure
Prime Group allegedly did not disclose that $18 million in fund fees went to a firm wholly owned by its CEO.
News
Netherlands Leads Europe in Green Bonds, While Dutch Pensions Cut Asia Investments in 2022
Dutch pension funds’ assets in Asia have declined by nearly 28 billion euros since the end of 2021.
Pension Giants Lost $3T in 2022, Steepest Drop in 20 Years
Despite losses, the 300 largest funds’ share of global pension assets rose to 43% in 2021.
CalPERS CIO Nicole Musicco Will Step Down
Musicco cites family needs as the reason for her departure; the fund’s deputy CIO will serve as interim head.
PBGC Premiums and Washington’s Fuzzy Math
Billions that Congress counts as revenue are contributing to the demise of traditional pension funds.
New York State Pension Cashes Out of $2.1B Public Equity Fund
The $254.1 billion pension giant also committed nearly $1 billion in July to a pair of investments within its credit portfolio.
Los Angeles County Pension Fund Returns 6.4% in Fiscal Year 2023
LACERA outperformed its benchmark by 140 basis points to raise its portfolio’s asset value to $73.6 billion.
Gensler Defends Swing Pricing Proposal Despite Growing Bipartisan Pushback
The chair of the SEC testified about its regulatory agenda, which includes the swing pricing proposal, to the Senate Banking, Housing and Urban Affairs Committee on September 12.
Cement Mason Pension Restored by PBGC Grant
The plan will receive $3.2 million, plus loan repayments, in special financial assistance.
Equities, Fixed Income Fuel 9.1% Return for Korean Pension Fund in 1st Half of 2023
The strong performance raised the National Pension Service’s asset value to approximately $740 billion.
Blackstone Creates Corporate Credit, Asset-Based Finance, Insurance Group
Blackstone Credit & Insurance could help push the firm to $2 trillion AUM.
New York, Oregon Pension Funds Sue Fox Corp. for Opening Itself Up to Lawsuits
Fox recently settled for $787 million a lawsuit from Dominion Voting Systems.
US Corporate Funding Ratios Decline Slightly in August
Corporate pension funding decreased for the first time since December 2022.
CalSTRS Promotes Julie Donegan to Real Estate Investment Director
Previously a portfolio manager, Donegan is the system’s first woman to hold the position.
Safeguarding, AI Proposals Scrutinized by Lawmakers
Concerns about cash deposits and the definition of ‘covered technology’ dominate the criticisms of both rules.