Corporate Raider Icahn Fined $2M for Disclosure Failure
The investor agreed to fines for not reporting he had borrowed against his stake in an investment firm he controls.
The investor agreed to fines for not reporting he had borrowed against his stake in an investment firm he controls.
Forget about that half-point cut in September you had heard about, strategists say.
Public and private assets helped the pension fund swing from a loss one year earlier to raise its asset value to $471.5 billion.
The accounting firm admitted to errors in a 2020 risk analysis, significantly disrupting the Pennsylvania education workers’ plan.
More than half of the $1.3 billion in June commitments were made within the NYSCRF’s PE portfolio.
According to the association, the ‘bifurcation between active and passive investment products is outdated.’
The $341 billion pension giant opposed more than 2,200 boards of directors in proxy voting this year, mainly on climate risk disclosure.
The undisclosed stake is part of the sovereign wealth fund’s plan to boost its arts and culture offerings.
Participants had filed an administrative complaint alleging the company renounced its obligation to pay their benefits.
The market does get cases of the heebie-jeebies, but in recent times, these have been temporary.