Peru's four pension funds are seeking to invest more abroad and will likely ask Congress to change a law that set a 30% ceiling.
Of the lawsuit's total penalty, the largest ever paid by a Wall Street firm, $15 million represents disgorgement of gains from the deal while the remaining is a civil penalty.
Reynolds, following two decades at cross-town rival Fidelity, was lured to Putnam to turn around the once-ailing firm. With its mutual fund business once again on the rise, the next question is: What can Putnam do for the world's largest asset owners?
Fund loses billions in public money. Retirees worry about rent payments. Managers rake in million. Public is outraged. Rinse. Repeat. A look at Quebec’s Caisse de Depot pension fund. Jordan Milne reports.
During the best of times and the worst of times, people will continue to drink, smoke, gamble and fight. Here’s an assessment of the Vice Fund portfolio, firsthand. Paula Vasan reports.
Critics are singing private equity’s swan song. They’re wrong—and here’s why. Joe Flood reports.
The firm's asset management division is offering small UK schemes with greater access to hedge funds, infrastructure and private equity.
The conditional offer marks the Toronto-based fund manager's second attempt to purchase an Australian toll road operator, following a failed bid to take control of Transurban Group in May.
Sacramento County Superior Court Judge Allen Sumner has ruled that the public has a right to know about county workers' pensions.
A study shows that even though pension assets in Organisation for Economic Co-operation and Development (OECD) countries remain below December 2007 levels, some countries. such as Hungary and Norway, have already recuperated completely from 2008 losses.
Worries that the sovereign debt crisis in Europe may stall a global economic recovery fueled hedge fund declines in 2010.
The deal marks SBA board's first ownership stake in a private equity manager or any investment management company.
Cambridge Place Investment Management has sued 15 US banks after losing $1.2 billion on subprime mortgage-backed securities.
While MassPRIM told ai5000 that they are not currently taking action following the unanimous vote late last month by the SEC to curtail so-called “pay-to-play” schemes, a variety of public pension funds are working to adopt policies limiting the use of placement agents.