Pension industry lobbyists have been
trying to persuade Senate leaders to change and clarify the legislative
provisions that would negatively impact pension fund swaps; the FDIC's
Sheila Bair opposes segregation of swaps units.
A new study by Mercer shows manager searches have recovered to
pre-crisis levels, with Australia, UK and Continental Europe seeing the
most significant increases.
While the California fund giant is hoping to win fee cuts from other
private equity firms after Apollo Global Management agreed to
trim $125 million in fees, CalPERS' CIO is pressing for finance overhaul
to stop the casino atmosphere on Wall Street and restore confidence.
In a study of alternative asset managers, RBC Dexia found that
a clear majority of hedge funds believed greater governance of
alternative investments could result in an increased allocation to the
sector.
Onyx Capital Advisors, a firm
that invests in small and medium enterprises in the Midwestern and
Southeastern US states, and its founder have been charged with fraud for
stealing millions of dollars from Detroit pension funds.
