BNY Mellon Working Toward Settlement as Part of Federal Forex Suit
The world's largest custody bank is close to finalizing parts of a lawsuit filed by federal prosecutors over misrepresenting currency trades.
News
Threatened by Hefty Losses, CalPERS, Other Investors Seek to Address Climate Change Via Asset Allocation
Institutional investors are growing louder in addressing climate change risk via asset allocation and other initiatives, consulting firm Mercer has demonstrated.
Investors Lose Out to Inflation Through Absolute Returns
Investors lose out on absolute return fund performance, as asset managers often fail to consider inflation when making investments.
Identify, Assess, and Eliminate Pension Risk, Mercer Tells Boardrooms
Risk identification and risk management are the keys to resolving pension issues in the boardroom, investment consultant Mercer has found.
New Findings Question Value of Harvard, Other CIOs
Little if any research has been conducted on the value of chief investment officers -- measuring performance relative to their paychecks -- until now.
Bridgewater Aids Tool to Uncover 'Hidden Beta'
Bridgewater Associates’ flagship fund serves as guinea pig for new ‘hidden beta’ hunting tool by research and technology firm.
Hedge Funds Suffered a Dismal Year in 2011
Hedge funds concluded a challenging 2011 with a decline of 4.8% for the year.
UK Pensions Hit Record Deficit, No Let-Up in Sight
The shortfall in deficit-stricken UK pension schemes hits record levels, and worse could be still to come as the European economic situation stagnates.
Steer Joins BNY Mellon After Year-Long Term at Russell
Cynthia Steer, FX specialist and veteran consultant, joins fund house.
Longevity Swap Market Still Constrained, Despite Growing Number of Deals
The lack of an established market to trade longevity risk may stymie the current flurry of deals to derisk pension schemes through swapping out this liability.
Investment Consultants Tout Opportunities in Distressed Debt Amid Financial Turmoil
Opportunities in distressed debt abound in the face of Europe's sovereign debt crisis and near-stagnant growth, investment consulting firms say.
US Economy to Grow by Up to 2.5%, BlackRock Predicts
Bob Doll, Chief Equity Strategist for Fundamental Equities at BlackRock, predicts a "slow growth" world, with Europe slipping into a recession while US stocks achieve double-digit gains.
Mercer Approaches ‘Fund Manager’ Status
Mercer’s investment management focus intensifies as consulting takes a back seat in management shake-up.
Bank of England Brings in New Actuary for King’s Pension
Bank of England has appointed Punter Southall as actuary to its DB pension scheme, ousting Towers Watson.
GSAM Chairman Forecasts 2012
Unlike last year's bullish predictions, Goldman Sachs Asset Management chairman Jim O’Neill has outlined a slightly less optimistic array of predictions for 2012.