In an effort to protect participants from conflicts of interest and self-dealing, the Department of Labor (DoL) has proposed expanding its definition of the term "fiduciary" under federal retirement law.
A report released this week shows the number and value of acquisitions made by sovereign wealth funds followed by the Monitor Group and Fondazione Eni Enrico Mattei (FEEM) doubled in the first half of 2010, with SWFs spending the most money in Europe, which accounted for 40% of the total expenditure, followed by North America, which accounted for about a third of the total value of deals, or about $7.5 billion.
Bill White, the Democrat challenging Gov. Rick Perry, has accused the governor and his appointees of pressuring the staff of the Teacher Retirement System (TRS) to pick investment companies benefiting Perry contributors, yet an external investigative party has stated there are no improprieties with respect to how the investment decisions at TRS were made.
Retirement Systems Administrator Héctor Mayol Kauffmann has urged a probe of former officials following an in-depth study by consulting firm Conway MacKenzie that showed the pension system’s status worsened markedly as a result of bad oversight.
Pacific Alternative Asset Management Company (PAAMCo) is in the spotlight over whether it was "designed to mislead" by appearing as a women-owned business.
A new study concludes that raising the retirement age and increasing employee contributions is only the first step in addressing California’s mounting public pension liabilities.
The council has rejected Mayor Luke Ravenstahl's proposal to lease parking assets for a pension bailout.
Canada's pensions are looking to swoop in to purchase a 30% stake in Potash Corp. to maintain control of the fertilizer company in Canada while at the same time encouraging Chinese investment.
A new study shows the world's largest insurance companies are placing greater value on outside expertise to oversee their investments.
A new study shows that when compared to funds around the world, US public pensions have the fewest full-time risk management employees on average.
The consultant firm is establishing limits of liability to curb risk.
Following news of expected losses, the New York State pension reneged on a $300 million commitment to Morgan Stanley’s real estate investing group.
Two weeks ago, the Securities Exchange Commission and Commodity Futures Trading Commission revealed the possible causes of the May 6th Flash Crash. Since you can't stop traders from making bad trades, what's to stop another Flash Crash from happening tomorrow? aiCIO's Joe Flood reports.
A quarterly survey conducted by Northern Trust Global Advisors reveals that institutional investment managers see a double-dip recession as unlikely amid stabilizing markets.
Andy Banks, head of corporate governance at Legal & General Investment Management (LGIM), says the UK's Stewardship Code has given shareholders the essential ability to consult with each other when issues arise at companies in which they invest.