FBI Probes Beleaguered MF Global
The recent collapse of MF Global has attracted heightened interest and scrutiny by the Federal Bureau of Investigation.
News
Missing Sales Estimates, Standard Life Blames Corporate Pensions
Standard Life, Scotland’s biggest insurer, has revealed that sales rose 10% in the first nine months of the year, missing estimates.
NYC Judge Rejects Madoff Trustee's $19 Billion Claim From JPMorgan
A New York City judge has tossed out a $19 billion claim that a trustee seeking money for Bernard Madoff's investors demanded from JPMorgan Chase, which had been the Ponzi schemer's bank.
CalPERS to Commit to Multistrategy Index Fund
The $225.7 billion California Public Employees' Retirement System is aiming to put up to $5.7 billion in a multistrategy index fund.
CFTC Approves SEC Systematic Risk Reporting Rules
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have finalized new rules for systematic risk disclosure.
Norwegian Sovereign Wealth Fund Rids Itself of US Mortgage Bonds
Norges Bank Investment Management (NBIM) has heavily reduced its holdings of mortgage-backed securities.
Corzine's MF Global Files for Bankruptcy Following Bad Bets on European Debt
After leaving office as New Jersey's governor, Jon Corzine assumed the CEO position of MF Global, pledging to improve the firm's financials -- but ended up leaving it in a state of crisis.
California Mega-Funds Voice Support For Pension Overhaul Discussion
The California Public Employees’ Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) have issued statements on the governor's pension reform proposal.
PIMCO's Gross: Can You Solve a Debt Crisis With More Debt?
Bill Gross, who manages the world’s largest fixed-income fund -- the PIMCO Total Return Bond fund -- has asserted that you cannot solve a debt crisis by creating more debt.
PwC Study: Pensions, Big Banks Fuel M&A Activity in Canada
A new report from PricewaterhouseCoopers shows that mergers-and-acquisitions activity in Canada was up in the third quarter from a year earlier, particularly in terms of deal volume, fueled by Canada's big banks and pension funds.
Danish Pension Fund ATP Opens Up to Investing in Europe
Denmark’s ATP fund has revealed it is open to investing in Europe’s rescue vehicle, which will be created with the goal of saving the region’s most indebted members.
NYC Mayor, Comptroller Seek Structural Overhaul of City's Five Pensions
Mayor Michael Bloomberg and New York City Comptroller John Liu have announced a sweeping overhaul of the city’s five main public employee pension systems.
Study: Foundations Use Investments to Promote Mission
A new report from the Foundation Center shows more US foundations are making investments that further their missions.
California Governor Announces Pension Overhaul
California Governor Jerry Brown has proposed sweeping rollbacks to public employee pension benefits in California.
Mercer: In the Wake of Interest Rate Lows, Pension Plan Sponsors Foresee Soaring Contributions
A new analysis by Mercer has shown that the funded status for most pension plans is anticipated to drop significantly with plan sponsors facing sharply higher contributions for 2011 and beyond.