The Securities and Exchange Commission has joined state and federal investigators looking into whether State Street Corp. overcharged investment clients millions of dollars for foreign exchange transactions.
While the International Monetary Fund has said Greece is well-positioned to avoid the restructuring of its debt, it warns that Europe's debt crisis could still spread to core euro zone countries and the emerging economies of eastern Europe.
The UK's National Association of Pension Funds has concluded that a single body responsible for pensions is necessary to simplify the regulatory environment.
After more than a year of speculation, New Mexico’s State Investment Council (SIC) has filed two lawsuits involving former Investment Officer Gary Bland and associates of then-New Mexico Gov. Bill Richardson.
In a high-profile case of insider trading, hedge fund manager Raj Rajaratnam has been found guilty on all 14 counts of securities fraud and conspiracy.
New research carried out by students at Uppsala University and reported by Affärsvärlden shows that if the stock market is on the upswing, then a passive management approach across a broader market index may be superior to an active approach.
Investors are flocking to smaller property funds of less than $1 billion in size due to their more focused strategies and better returns, Preqin has found.
The firm has asked US District Judge Keith P. Ellison to restrict any surviving investor fraud claims to owners of BP American depositary receipts, Bloomberg is reporting.
A Venezuelan pension plan had invested $500 million – or 20%
of its assets – in an unregistered investment vehicle for which the accountant
provided falsified documents.
