The AFL-CIO has announced plans to work with pension fund managers to ensure that at least $10 billion in union pension money is made available to fund infrastructure projects within the next five years.
The director of the UK's Securities Fraud Office (SFO) has been contacted by the US over inquiries involving financial institutions and whether bribes were paid in transactions with sovereign wealth funds, Bloomberg has reported.
Lehman Brothers Holdings has reached an agreement among several creditor groups, including Paulson & Co, a large Lehman bondholder, and Goldman Sachs, a derivatives counterparty to Lehman.
Aiming to manage risk and guard clients from abusive practices, the SEC is laying out conduct rules for swap dealers.
While an audit of the Kentucky Retirement Systems found no evidence of pay-to-play activity, "troubling aspects" regarding the use of financial middlemen that connect money managers with pensions, known as placement agents, were revealed.
Bank of America has agreed to settle for $14 billion with investors who bought ill-fated subprime mortgage securities from its Countrywide Financial subsidiary.
CalPERS Paid Millions for Internal Review, Revealing Allegations of Corruption, Bribery, Questions Over Legal Fees
The nation's largest public pension fund paid $11 million to a Washington, DC, law firm to conduct an internal review, raising questions over legal fees.
Canadian schemes say their financial status is improving, with a small percentage of private sector plans even reporting funding surpluses.
Fueled by the entrepreneurial culture in the United States, asset owners have retained an appetite for innovation where specific principles are met, a new study shows.
Australian superannuation funds need to begin preparing themselves for impending regulatory reform to avoid being caught flat-footed, consultants have warned.
New research by Citi Prime Finance shows institutional investors had approximately $1.1 trillion in hedge funds in Q1, while an increasing number of fund managers have shifted to direct hedge fund investing following the financial crisis.
Consultant firm NEPC is now offering discretionary consulting services.
A class action lawsuit has been filed on behalf of employees in Alabama's state pension plan, raising questions over investments in golf courses, condominiums, hotels, and resorts.
The European Commission has appointed Aon Hewitt as expert adviser for the potential establishment of a pan-European pension fund for researchers.
Research by Invesco shows institutional investors have upped their fixed-income exposure to their highest level in five years while fleeing equities.