The Security Police and Fire Professionals of America Retirement Fund
& Central Laborers’ Pension Fund label Morgan Stanley's payouts as
“unjust enrichment” for failing to administer its compensation plans in
the best interests of the company and its shareholders; Juniper Networks
to pay millions in backdating suit.
CIC's Jiwei, a computer scientist-turned-economist, says the
SWF will let its own in-house portfolio managers lead investments in
developed markets. SWF Temasek will launch a new wholly owned
subsidiary.
Despite a predicted deficit of $1.6 trillion this year,
Steve Peacher says policy makers in the US have sufficient time to
deal with the triple-A rate cut issue.
While Denmark's pension fund ATP will up its investment in hedge
funds, pension
funds are hoping to negotiate lower fees with reluctant fund managers
this year.
The specialist insurer is close to completing 600 million pounds
($942 million) in
fundraising as it looks to profit from the growing desire of UK
companies to insure their pension liabilities.
Andrew Cuomo, New York
attorney general, claims Bank of America, former Chief Executive Kenneth
Lewis and former Chief Financial Officer Joe Price lied to shareholders
about the acquisition of Merrill Lynch & Co.
The 10-year return, the most frequently cited metric to gauge the
health of venture capital firms, declined 8.4% for the period ending
September 30, 2009.
The Chicago
Public School Teachers’ Pension & Retirement Fund (CTPF) and the
City of Atlanta Firefighters' Pension Plan filed the lawsuit over
securities lending losses.
