Continued from ai5000 Magazine…Review: Michael Lewis' Big Short
Continued from the March/April issue of ai5000...Michael Lewis' Big Short, Reviewed.
News
MassPRIM's Travaglini Denies Pay-to-Play in State Pension Fund
Timothy
P. Cahill's tarnished reputation may be a result of misunderstanding
and attempts of political influence.
China Automaker Acquires Volvo for $1.8 Billion; Pension Deficit to Reduce Price Tag
China's
Geely Automobiles Chairman Li Shufu vowed to control American and
European markets and now the automaker is making that a reality.
Canada's Largest Pension Acquires British Lottery Operator
The Ontario Teachers' Pension Plan will buy Camelot for $576 million.
Norway Ministry of Finance to Lower Active Risk
Presented by the
country’s parliament, the proposal is part of a report on new
regulations for risk and active
management for Norway's Government Pension Fund.
CalPERS Under Scrutiny in Pension Investigation
The Department of Justice is
scanning investment transactions of public pensions.
SWFs Seen as Invaluable Sources of Capital for Government Debt
As government debt burdens increase, a burgeoning trend is emerging
with investors sensing opportunity in SWFs.
Japan’s Pension Funds to Change Benchmarking Index, Switch to More Passive Investments
The
world's largest fund will change benchmark indexes to reduce market
impact and lower trading costs.
On Both Side of the Atlantic, Battle Lines Harden Over Financial Regulation
While the scope of financial regulation varies from Europe to America, electoral politics seem likely to shape eventual market changes after the Great Recession.
BNY Mellon Tops the List in 2010 R&M Global Custody Survey
Rated on a scale of 1 (worst) to 7 (best), banks providing custody services scored an average 5.74 in 2010, compared with 5.70 last year.
Citi to Expand Hedge Fund Advisory Team
The banking giant’s institutional hedge fund advisory team currently
consists of 30 people and plans a majority of its new recruitment in
Asia.
Mass. Treasurer Suspected of Pay-to-Play Donations
Timothy P. Cahill is criticized for accepting more than $100,000 in connection to an investment manager who has been allotted hundreds of millions of dollars in state funds to invest since Cahill became treasurer in 2003.
Yale Cuts Hedge Fund Portfolio to Up Private Equity
CIO David Swensen's investment philosophy of “diversification and
equity orientation” prevails.
SDCERA Backpedals, Seeks Competing Bids for Investment Outsourcing
The San Diego County
pension Board of Retirement– which two weeks ago was presented with a proposal
by the fund’s CEO to outsource its entire investment staff via a no-bid
contract – today approved a measure that would in fact open up the process to
competing firms.
Former Hevesi Adviser Denies Wrongdoing; Faces Up to 25 Years in Prison
The former chief political adviser to ex-New York state Comptroller
Alan Hevesi said the indictment against him should be dismissed.