Proposals being created by the Governmental Accounting Standards Board will force most US states and towns to increase the level of unfunded liabilities they report on their balance sheets.
The new requirements adopted by the Securities and Exchange Commission “will fill a key gap in the regulatory landscape,” the US regulator's Chairman Mary Schapiro said.
As pension funds are beginning to question their investments in commodities and their impact on fueling food inflation, others in the industry say that viewpoint is limited in scope.
PIMCO's El-Erian predicts a Greek default, yet says a default will not prompt a new global financial crisis because the country is too small in terms of economic impact.
Japanese corporate pension funds are moving capital from domestic equities into hedge funds to ensure that the funds are ready to support the country’s rapidly aging population.
JP Morgan has agreed to pay $153.6 million to settle US regulatory claims that it misled pension funds and other investors while selling a product linked to risky mortgages as the housing market crumbled.
A report by PricewaterhouseCooper has argued that new and future regulations are placing strains on hedge funds’ infrastructures and that hedge funds need to expand their back office staff in order to survive.
Following concerns that financial firms may have violated bribery laws in dealings with Libya's sovereign wealth fund, the Securities and Exchange Commission has requested information from ExxonMobil, ConocoPhillips and Occidental Petroleum Corp. about their Libyan connections.
As Japan's first wave of baby boomers are set to turn 65, becoming eligible for pension payments, Japan's Government Pension Investment Fund (GPIF) Chairman Takahiro Mitani says he still expects asset sales to remain steady in the year to March 2013.
On behalf of at least 1,800 investors, a federal judge has ruled that Bank of America's Merrill Lynch unit faces a group lawsuit over its mortgage-backed securities.
Fewer than two months after the controversial departure of Cornell University’s chief investment officer Michael Abbott, senior investment officer John Regan has announced that he will also resign.
