Pensions Keep Vigilant Eye on Goldman Case
Public pension funds around the country are reviewing their
relationships with Goldman Sachs Asset Management.
News
UCLA Shifts Asset Allocation
The University of California’s retirement and endowment funds
portfolio have revised their asset allocations.
Apollo Agrees to Cut $125 Million in Fees It Charges CalPERS
New York's Apollo Global Management has agreed to trim the fees it
charges California fund giant CalPERS over the next five years.
Survey: Japan Pensions Raise Investments in Emerging Markets
A new survey reflects an aim by Japan pension plans to diversify
assets by decreasing exposures to domestic stocks and looking to
emerging markets.
Ohio Pensions Lost $480 Million After Lehman Collapse
Ahead of Tuesday hearings on the 2008 collapse of the banking giant,
state records show Ohio pensions suffered hundreds of millions of
dollars in losses.
CalPERS ‘Disturbed’ by Goldman Fraud Case
The country’s largest government pension fund, which owns 1.8 million
shares in the embattled investment bank, says the fund’s corporate
governance staff will examine Goldman practices and influence the makeup
of Goldman's board if needed.
SWFs Up Nearly 20%, State Street Says
A study shows that SWFs have largely remained committed to their pre-crisis investment strategies despite market turmoil in the last eighteen months.
Study: Private Equity Investors Lured by Higher Returns in Emerging Markets
A new study shows emerging markets significantly trump
developed markets in terms of performance expectations for
private equity.
Hit to Goldman’s Reputation Will Be Harder to Recoup
Analysts say the U.S. Securities and Exchange
Commission’s civil fraud charges could force Goldman to pay hundreds of
millions in fines and restitution. The blow to the firm’s reputation
may be harder to salvage.
Canada Pension Plan Invests in First India-Focused Fund
Toronto-based CPPIB will invest $100 million in
the Multiples Fund.
Goldman Sachs Accused by SEC of Civil Fraud on Mortgage-Backed CDOs
The government has accused Goldman Sachs of failing to disclose conflicts of interest in mortgage investments it sold as the housing market was waning.
In Europe, Hedge Fund Investors Are Optimistic
According to a survey
by one of the world's largest investment consultants, investors in
Europe have renewed confidence in hedge funds.
Abu Dhabi Fund Names New Chief
Sheikh Hamed bin Zayed al Nahyan will become the new boss of Abu
Dhabi's SWF, replacing his late brother who died in a glider crash in a
lake in Morocco.
Study: Teacher Pension Funds Are Short Billions
A new study found that all 59 funds that cover most teachers face
shortfalls, placing a burden on taxpayers to pay nearly three times as
much as the funds say they need to balance the books.
Senate Agriculture Committee Chair to Deliver Derivatives Regulation
The
Democratic chairwoman’s proposals support financial reform of
derivatives by putting them on exchanges, which has encountered
opposition from banks that make billions in transaction fees on
derivatives every year.