News

Survey Shows SWF Acquisitions Double in H1, Reflecting Confidence in Global Markets

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.

Gubernatorial Candidate Bill White Says Texas Investments Politically Connected, TRS Denies

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. 

Canada Funds Seek to Thwart Stake in Potash

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.

The Saga Continues: Flash Crash Controversy

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.