SEC Charges Hedge Fund Manager with Misappropriation of $700K
Eric Lyons is accused of using ill-gotten funds to pay for luxury expenses for his family.
News
Texas Teachers Closer to Getting a Boost from State
New legislation seeks to shore up fund, give one-time check to retirees.
CalSTRS Tackles Opioid Crisis
The pension plan is challenging opioid manufacturers, distributors, and pharmacy chains as part of its corporate engagement program.
Hiring for Texas Teachers’ Private Equity Fleet ‘On Schedule’
CIO Jerry Albright ‘pleased’ as hiring worries for internalization plans diminish.
Audit Finds Illinois Police, Firefighter Pensions Lack Proper Oversight
State failed to regularly examine 656 public safety plans as required by law.
UK Issues Guaranteed Minimum Pensions Conversion Guidance
But more may need to be done to achieve clarity.
People Moves Roundup
Bardin Hill appoints six new partners, Milliman gets a new managing director, and more.
SEC Bars Hedge Fund Manager for Losing Big on Risky Bets
Matthew Rossi blamed $1.8 million in losses on nonexistent rogue trader.
CIO-Only Discussion to Take Place at CIO Summit
Closed-door discussion at 10th annual event just three weeks away.
Plow Back Provision Helps Pennsylvania SERS Boost Its Employer Contributions
Board OKs nearly $1 billion in real estate, multi-strat, private equity deals.
Rhode Island Is Ready and Willing to Buy Your Fund Commitments
Newly minted ramp-up period for its private growth portfolio pushes the board to approve secondary transactions for more flexibility.
As GP-Led Secondaries Grow, Investors Seek Transparency
GP-led secondaries had a record-breaking 2018, but new guidelines from ILPA show that investors want more information and more time to consider the deals.
Bolsonaro’s Brazilian Pension Proposal Passes First Legislative Test
Key panel rejects challenge to measure’s constitutionality and sends it forward.
Endowments Increasingly Dour About Economy
Survey finds number of foundations fearing slowdown has tripled.
Australia’s IOOF Hit with Class-Action Lawsuit
Wealth management firm accused of ‘misleading or deceptive conduct.’