Dallas Pension Fund Sues Actuary for Malpractice
Police and firefighter pension alleges advisor failed to warn of deferred retirement risks.
News
Citibank to Pay $38.8 Million for Improper Handling of ADRs
SEC alleges bank profited from ‘industry-wide fraud.’
CPPIB Ekes Out Small Q2 Returns
Exchange rates leave a 0.6% performance, despite strong showing in Canadian-denominated returns.
Exclusive: California Supreme Court Sets Oral Arguments on Public Pension Rights
The hearing on Dec. 5 will help determine if public workers’ pensions can be reduced and could have national implications.
CalSTRS to Divest of Private Prison Companies
The two US companies running private prisons, whose detainees including immigrants caught crossing the US-Mexico border, will no longer be part of the CalSTRS portfolio.
Malaysia’s KWAP Gets a New Chief
Syed Hamadah Othman replaces Dato' Wan Kamaruzaman Wan Ahmad as the $33.9 billion outlet’s next CEO.
Kentucky Pension System Seeks New CIO
The organization wants a permanent chief to replace David Peden, who left two years ago.
CalPERS Can’t Find Enough Private Equity Commitments
CalPERS consultant finds without a huge increase in new private equity commitments, the fund will see a declining allocation to the asset class.
Sweden’s AP2 Sees a Green Bond Explosion in Public Sector
The country’s state pension buffer says government institutions should swap fossil fuels for alternative energies in the next 10 years.
More States May Turn to Lotteries to Fund Pensions
Untapped public assets could contribute ‘many billions of dollars’ to underfunded pensions.
Wealth Concentration Grows Among World’s Largest Asset Managers
The rich get richer as total assets under management of 500 largest managers nears $94 trillion.
Ukraine Names Yevhen Kapinus Head of National Pension Fund
Ousted Oleksiy Zarudnyi blamed for pension payment delay in July.
UK Pension Equalization Angers British Women, Ex-Minister
Activist groups, Altmann disregard Parliament’s ‘gender equality’ measure.
SEC Bags Almost $4 Billion in Fines for Fiscal 2018
Most disgorgement payments came from the Petróleo Brasileiro SA case.