Pension Suit Over Canadian Bank’s Subprime Holdings Dismissed
The judge
ruled that like many other financial institutions, the bank failed to
forecast the meltdown that led to record losses.
News
Investors to Add Billions to Hedge Funds
Hedge fund investment is expected to reach up to $222 billion,
marking the first time inflows are seen to exceed outward flows since
2007.
SDCERA to Meet on No-Bid Outsourcing of Investment Staff
In a Board meeting
scheduled for March 18, the San Diego County Employees’ Retirement Association
will vote on whether to proceed on or further discuss the outsourcing of it’s
investment staff to Lee Partridge’s Integrity Capital, as well as a shift in
asset allocation.
Lost Opportunity for UK Pension Funds
By failing to renegotiate fees they charge, fund managers are losing
the chance to save more than $151 million annually in fees.
CalPERS Board Removes Shareholder Proposal Limit
The largest US pension fund
voted to
lift the limit on the number of shareholder proposals its staff can
issue and announced plans to increase the accountability of
directors through a majority vote policy.
Abu Dhabi SWF Becomes Less Distant
The traditionally clandestine fund, which
has rarely revealed any details of its investment strategy or
investments, becomes more open.
Transcript: Michael Lewis in Full
ai5000's Joe Flood sits down with bestselling author Michael Lewis to discuss his new book “The Big Short: Inside the Doomsday Machine,” the shifts in Wall Street culture, and today's financial landscape.
EU Forges Ahead With New Hedge Fund Rules, Despite Objections From Britain, US, Canada
Treasury
Secretary Geithner claims the EU law, formed to regulate
alternative investment vehicles, would negatively impact US fund
managers and banks.
Michael Lewis on…the Wall Street Culture Change
Catch the entirety of Michael Lewis' Interrogation, out in ai5000 Magazine in early April.
Michael Lewis on…the Value of Quantitative Analysis
Catch the entirety of Michael Lewis' Interrogation, out in ai5000 Magazine in early April.
Michael Lewis on…Asset Owners Getting Screwed by Big Banks
Catch the entirety of Michael Lewis' Interrogation, out in ai5000 Magazine in early April.
Michael Lewis on…Government Regulation
Catch the entirety of Michael Lewis' Interrogation, out in ai5000
Magazine in early April.
Michael Lewis on…Paul Volcker’s Proposals
Catch the entirety of Michael Lewis' Interrogation, out in ai5000 Magazine in early April.
UK Pension Agency Boosts Alternatives as Private Equity Fell Sharply in '09
Despite a recent report that shows pension funds
deceased their
commitments to
private equity by 94% last year, the pension
protection fund (PPF) has earmarked up to a quarter of assets to
alternatives.
Another Pension Fund Sues Goldman for 'Unreasonable' Compensation
A pension fund for an electrical workers' union filed a
lawsuit against the bank in a Delaware court.