The pension plan of the American Federation of State, County & Municipal Employees has filed a shareholder proposal, saying that an independent chairman would provide checks and balances in the structure at Goldman Sachs.
A new research paper has asserted that pension funds in the United States should increase their allocation to hedge funds by 10% to boost returns by up to around $13.67 billion a year.
CalPERS has publicly censured a board member for alleged involvement in a personnel action based on complaints filed by coworkers in addition to adopting governance reforms.
A new report by the International Monetary Fund (IMF) reveals that pension and insurance funds may up their allocation to equities and other riskier assets in emerging and developing countries.
The General Retirement System of the City of Detroit has filed a class-action lawsuit with BNY Mellon, claiming that the firm lost more than $1 billion of its money in investments tied to Lehman Brothers.
Caxton Associates co-founders Bruce Kovner and Peter D'Angelo are retiring from the $10 billion hedge fund, and will be succeeded by Chief Investment Officer Andrew Law.
A survey of 299 pension trustees and pension managers conducted by Aon Hewitt shows that nearly one in five pension schemes currently delegate investment decisionmaking to a third-party provider.
A recent study by Preqin has revealed that liquidity is leading concern of institutional hedge fund investors, with all institutional investors having maintained or increased their liquidity requirements since 2008.
According to data released today by Hedge Fund Research (HFR), performance weakness in the hedge fund industry has been concentrated in Equity Hedge and Event-Driven strategies.
A new study of 630 institutional asset management firms shows that more than two-thirds of respondents are worried about the impact of high frequency trading (HFT) on equities markets.
