Lehman Brothers Holdings, which went bankrupt September 2008 with $639 billion of assets, is asking a judge to delay a liquidation plan hearing drawn up by bondholders including CalPERS and the hedge fund Paulson & Co.
A feeder fund that invested in the Ponzi scheme of Bernard Madoff has sued the Abu Dhabi Investment Authority to try to recover $300 million in redemption payments, Bloomberg is reporting.
Judge John Keenan has dismissed a lawsuit by a group of pension funds which accused Freddie Mac of materially misrepresenting its exposure to risky mortgage products, leading to investment losses.
A 10K filing shows that the Securities and Exchange Commission has requested information about Kohlberg Kravis & Roberts' (KKR) sovereign wealth fund clients.
The British Property Federation has said that changes to the UK’s Real Estate Investment Trust (REIT) regime will remove major barriers to large scale investment in residential real estate by institutions such as pension funds.
A new survey by KPMG, a global public accounting firm, finds that using the consumer price index (CPI) as the measure of pension inflation will reduce the calculated value of private sector liabilities by nearly $98 billion (£60 billion) by the end of the year.
The nation's largest pension has released a special 56-page review on placement agent activity, accusing a former chief executive and two former board members of steering billions of dollars to politically connected firms; refuses rate-of-return cut.
Francisco Illarramendi has pleaded guilty to five criminal counts after US prosecutors accused the Connecticut hedge fund manager of running a multiyear Ponzi scheme that may have defrauded investors out of hundreds of millions of dollars.
Mohamed El-Erian, CEO and co-CIO of the Pacific Investment Management Co. (PIMCO), told CNBC that the US economy must learn how to survive independently, without artificial stimulus.